Sava Infond d.o.o. Takes Position in eBay Inc. (NASDAQ:EBAY)

Sava Infond d.o.o. purchased a new position in eBay Inc. (NASDAQ:EBAY) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 6,500 shares of the e-commerce company’s stock, valued at approximately $403,000.

A number of other institutional investors have also made changes to their positions in the stock. Wellington Management Group LLP acquired a new position in shares of eBay during the 3rd quarter worth about $105,506,000. Raymond James Financial Inc. acquired a new position in eBay during the fourth quarter valued at approximately $96,214,000. Boston Partners increased its stake in eBay by 35.2% in the fourth quarter. Boston Partners now owns 5,856,276 shares of the e-commerce company’s stock valued at $362,823,000 after purchasing an additional 1,524,691 shares in the last quarter. Amundi raised its holdings in eBay by 16.8% in the fourth quarter. Amundi now owns 4,719,128 shares of the e-commerce company’s stock worth $292,350,000 after purchasing an additional 677,389 shares during the period. Finally, Allianz Asset Management GmbH grew its holdings in shares of eBay by 23.2% in 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 buying an additional 463,015 shares during the period. 87.48% of the stock is owned by institutional investors and hedge funds.

eBay Stock Performance

EBAY opened at $66.81 on Friday. 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 business has a 50 day moving average of $67.09 and a 200-day moving average of $64.84. The stock has a market cap of $31.13 billion, a price-to-earnings ratio of 16.79, a PEG ratio of 2.22 and a beta of 1.45.

eBay Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.74%. 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 payout ratio is 29.07%.

Insider Buying and Selling at eBay

In related news, SVP Cornelius Boone sold 3,958 shares of the company’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total value of $265,423.48. Following the transaction, the senior vice president now owns 94,392 shares in the company, valued at approximately $6,329,927.52. This represents a 4.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction dated Thursday, January 2nd. The shares were 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 in the company, valued at approximately $33,825,430.24. This represents a 1.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,241 shares of company stock worth $1,061,665 over the last ninety days. Insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

EBAY has been the topic of several recent analyst reports. Stifel Nicolaus reduced their target price on eBay from $64.00 to $63.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. 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. Barclays set a $72.00 price objective on eBay and gave the company an “overweight” rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. raised their target price on shares of eBay from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, February 27th. Finally, Morgan Stanley upped their price target on shares of eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, eBay has a consensus rating of “Hold” and an average price target of $65.54.

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.