Independent Advisor Alliance Lowers Holdings in eBay Inc. (NASDAQ:EBAY)

Independent Advisor Alliance decreased its position in eBay Inc. (NASDAQ:EBAY) by 36.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,849 shares of the e-commerce company’s stock after selling 10,942 shares during the period. Independent Advisor Alliance’s holdings in eBay were worth $1,168,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP bought a new position in shares of eBay in the third quarter worth approximately $105,506,000. Raymond James Financial Inc. bought a new position in eBay in the 4th quarter valued at approximately $96,214,000. Amundi lifted its position in eBay by 16.8% in the 4th quarter. Amundi now owns 4,719,128 shares of the e-commerce company’s stock valued at $292,350,000 after acquiring an additional 677,389 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in eBay by 23.2% during the 4th quarter. Allianz Asset Management GmbH now owns 2,460,879 shares of the e-commerce company’s stock valued at $152,451,000 after purchasing an additional 463,015 shares during the last quarter. Finally, DJE Kapital AG bought a new stake in shares of eBay in the 4th quarter worth $26,833,000. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Stock Up 1.6 %

EBAY opened at $65.28 on Friday. The stock has a market cap of $30.42 billion, a price-to-earnings ratio of 16.40, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The firm’s fifty day moving average is $66.97 and its 200 day moving average is $64.37. eBay Inc. has a fifty-two week low of $48.52 and a fifty-two week high of $71.61.

eBay Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.78%. This is an increase from eBay’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, March 14th. eBay’s payout ratio is presently 29.07%.

Analyst Upgrades and Downgrades

EBAY has been the topic of a number of research analyst reports. Bank of America lowered their price target on eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a report on Thursday, February 27th. Cantor Fitzgerald upped their target price on shares of eBay from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, February 27th. Stifel Nicolaus reduced their price target on shares of eBay from $64.00 to $63.00 and set a “hold” rating for the company in a research note on Thursday, February 27th. Barclays set a $72.00 price objective on shares of eBay and gave the company an “overweight” rating in a research report on Thursday, February 27th. Finally, Morgan Stanley lifted their target price on shares of eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $65.54.

Insider Transactions at eBay

In other news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total transaction of $350,887.50. Following the sale, the chief executive officer now owns 542,248 shares in the company, valued at $33,825,430.24. This trade represents a 1.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Cornelius Boone sold 3,989 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total transaction of $260,082.80. Following the completion of the transaction, the senior vice president now directly owns 71,469 shares in the company, valued at $4,659,778.80. This trade represents a 5.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,524 shares of company stock valued at $1,390,509 over the last 90 days. Company insiders own 0.38% of the company’s stock.

eBay Company Profile

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company’s marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.