eBay Inc. (NASDAQ:EBAY) Holdings Raised by Vinva Investment Management Ltd

Vinva Investment Management Ltd boosted its stake in eBay Inc. (NASDAQ:EBAY) by 205.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 75,649 shares of the e-commerce company’s stock after buying an additional 50,844 shares during the quarter. Vinva Investment Management Ltd’s holdings in eBay were worth $4,695,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new stake in eBay in the 4th quarter worth approximately $27,000. Quarry LP acquired a new position in shares of eBay during the 3rd quarter worth $36,000. New Wave Wealth Advisors LLC acquired a new position in shares of eBay during the 4th quarter worth $36,000. Versant Capital Management Inc increased its stake 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 worth $52,000 after purchasing an additional 448 shares during the last quarter. Finally, Washington Trust Advisors Inc. increased its stake in shares of eBay by 37.8% during the 4th quarter. Washington Trust Advisors Inc. now owns 839 shares of the e-commerce company’s stock worth $52,000 after purchasing an additional 230 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insider Transactions at eBay

In related news, CEO Jamie Iannone sold 5,625 shares of eBay 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 of the company’s stock, valued at $35,709,615.50. This trade represents a 1.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Stephen J. Priest sold 1,033 shares of eBay stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $64.93, for a total transaction of $67,072.69. Following the transaction, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at $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. In the last three months, insiders sold 12,283 shares of company stock valued at $796,241. Company insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on EBAY shares. Cantor Fitzgerald increased their price target on shares of eBay from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, February 27th. Benchmark increased their price target on shares of eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Stifel Nicolaus dropped their price target on shares of eBay from $64.00 to $63.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. Jefferies Financial Group lowered shares of eBay from a “hold” rating to an “underperform” rating and dropped their price target for the stock from $60.00 to $52.00 in a research note on Tuesday, December 10th. Finally, Citigroup raised their target price on shares of eBay from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $65.54.

eBay Price Performance

NASDAQ:EBAY opened at $67.20 on Thursday. The company has a 50-day moving average of $67.05 and a 200-day moving average of $64.58. The company has a market capitalization of $31.32 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 2.22 and a beta of 1.45. eBay Inc. has a 52 week low of $48.52 and a 52 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.73%. 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 dividend payout ratio (DPR) is presently 29.07%.

About eBay

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.