Frank Rimerman Advisors LLC Boosts Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Frank Rimerman Advisors LLC grew its position in shares of eBay Inc. (NASDAQ:EBAY) by 6.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,148 shares of the e-commerce company’s stock after buying an additional 347 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in eBay were worth $381,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of eBay by 2.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company’s stock valued at $3,489,000 after buying an additional 1,063 shares during the last quarter. Kestra Investment Management LLC grew its holdings in shares of eBay by 172.5% during the fourth quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company’s stock valued at $692,000 after buying an additional 7,074 shares during the last quarter. Trustmark National Bank Trust Department purchased a new stake in shares of eBay during the third quarter valued at approximately $1,307,000. Prospera Financial Services Inc grew its holdings in shares of eBay by 794.2% during the third quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock valued at $4,598,000 after buying an additional 62,719 shares during the last quarter. Finally, Van ECK Associates Corp boosted its holdings in eBay by 5,091.9% in the fourth quarter. Van ECK Associates Corp now owns 142,051 shares of the e-commerce company’s stock worth $8,800,000 after purchasing an additional 139,315 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insiders Place Their Bets

In other eBay news, CFO Stephen J. Priest sold 1,033 shares of eBay stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $64.93, for a total value of $67,072.69. Following the completion of the transaction, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at $4,225,644.40. This trade represents a 1.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $62.38, for a total transaction of $350,887.50. Following the completion of the transaction, the chief executive officer now directly owns 542,248 shares of the company’s stock, valued at $33,825,430.24. The trade was a 1.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,272 shares of company stock valued at $1,056,324 in the last three months. Corporate insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on EBAY. UBS Group raised their target price on shares of eBay from $66.00 to $72.00 and gave the stock a “neutral” rating in a report on Monday, February 24th. Cantor Fitzgerald raised their target price on shares of eBay from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, February 27th. StockNews.com upgraded shares of eBay from a “hold” rating to a “buy” rating in a report on Friday, February 28th. Stifel Nicolaus dropped their target price on shares of eBay from $64.00 to $63.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. Finally, Morgan Stanley raised their target price on shares of eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Two 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $65.54.

eBay Stock Performance

EBAY opened at $65.28 on Monday. The stock has a market capitalization of $30.42 billion, a price-to-earnings ratio of 16.40, a PEG ratio of 2.22 and a beta of 1.45. The company has a fifty day moving average of $66.97 and a 200 day moving average of $64.45. eBay Inc. has a fifty-two week low of $48.52 and a fifty-two week high of $71.61. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25.

eBay Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.78%. This is a boost from eBay’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, March 14th. eBay’s dividend payout ratio (DPR) is presently 29.07%.

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.