eBay Inc. (NASDAQ:EBAY) Stock Holdings Boosted by Intech Investment Management LLC

Intech Investment Management LLC raised its position in shares of eBay Inc. (NASDAQ:EBAY) by 2,818.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 345,482 shares of the e-commerce company’s stock after purchasing an additional 333,646 shares during the quarter. Intech Investment Management LLC’s holdings in eBay were worth $21,403,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EBAY. Golden State Wealth Management LLC acquired a new stake in shares of eBay during the 4th quarter valued at $27,000. Quarry LP acquired a new stake in shares of eBay during the 3rd quarter valued at $36,000. New Wave Wealth Advisors LLC acquired a new stake in shares of eBay during the 4th quarter valued at $36,000. Versant Capital Management Inc lifted its position in shares of eBay by 115.5% during the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after acquiring an additional 448 shares during the last quarter. Finally, Washington Trust Advisors Inc. raised its holdings in shares of eBay by 37.8% during the fourth quarter. Washington Trust Advisors Inc. now owns 839 shares of the e-commerce company’s stock worth $52,000 after acquiring an additional 230 shares in the last quarter. 87.48% of the stock is owned by institutional investors.

Insider Transactions at eBay

In other news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $67.25, for a total transaction of $378,281.25. Following the completion of the transaction, the chief executive officer now directly owns 530,998 shares in the company, valued at $35,709,615.50. This represents a 1.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Stephen J. Priest sold 1,033 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $64.93, for a total transaction of $67,072.69. Following the transaction, the chief financial officer now owns 65,080 shares of the company’s stock, valued at approximately $4,225,644.40. This represents a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,283 shares of company stock worth $796,241 in the last three months. Insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EBAY. Needham & Company LLC reiterated a “buy” rating and set a $72.00 price objective on shares of eBay in a report on Thursday, February 27th. Citigroup increased their price objective on eBay from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, February 14th. UBS Group increased their target price on shares of eBay from $66.00 to $72.00 and gave the stock a “neutral” rating in a research report on Monday, February 24th. Morgan Stanley lifted their price objective on eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Finally, Barclays set a $72.00 price target on eBay and gave the company an “overweight” rating in a research note on Thursday, February 27th. Two equities research 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. Based on data from MarketBeat, eBay presently has a consensus rating of “Hold” and a consensus target price of $65.54.

eBay Price Performance

EBAY opened at $67.44 on Tuesday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 12 month low of $48.52 and a 12 month high of $71.61. The company has a fifty day simple moving average of $67.06 and a 200 day simple moving average of $64.52. The stock has a market cap of $31.43 billion, a P/E ratio of 16.94, a P/E/G ratio of 2.22 and a beta of 1.45.

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 $0.29 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 1.72%. eBay’s dividend payout ratio 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.