UniSuper Management Pty Ltd Sells 891 Shares of eBay Inc. (NASDAQ:EBAY)

UniSuper Management Pty Ltd decreased its position in eBay Inc. (NASDAQ:EBAY) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,969 shares of the e-commerce company’s stock after selling 891 shares during the period. UniSuper Management Pty Ltd’s holdings in eBay were worth $2,972,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Nordea Investment Management AB increased its holdings in eBay by 3.8% in the 4th quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock worth $573,220,000 after acquiring an additional 335,035 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of eBay by 1.4% in the fourth quarter. Victory Capital Management Inc. now owns 5,936,508 shares of the e-commerce company’s stock worth $367,767,000 after purchasing an additional 82,904 shares in the last quarter. Boston Partners raised its position in shares of 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 during the period. Amundi lifted its stake in shares of eBay by 16.8% during the 4th quarter. Amundi now owns 4,719,128 shares of the e-commerce company’s stock valued at $292,350,000 after buying an additional 677,389 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its holdings in 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 worth $152,451,000 after buying an additional 463,015 shares during the period. 87.48% of the stock is owned by institutional investors.

eBay Stock Performance

NASDAQ EBAY opened at $67.16 on Friday. The company has a 50-day simple moving average of $67.11 and a two-hundred day simple moving average of $64.92. eBay Inc. has a 12-month low of $48.52 and a 12-month high of $71.61. The firm has a market cap of $31.30 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 2.22 and a beta of 1.45. 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 Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.29 per share. The ex-dividend date was Friday, March 14th. This is a boost from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 1.73%. eBay’s dividend payout ratio is currently 29.07%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. BMO Capital Markets increased their target price on eBay from $59.00 to $63.00 and gave the stock a “market perform” rating in a research report on Thursday, February 27th. Benchmark increased their price objective on eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Jefferies Financial Group lowered eBay from a “hold” rating to an “underperform” rating and reduced their target price for the company from $60.00 to $52.00 in a report on Tuesday, December 10th. Susquehanna increased their price target on shares of eBay from $60.00 to $65.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Finally, Wedbush initiated coverage on shares of eBay in a research note on Monday, December 9th. They set a “neutral” rating and a $70.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $65.54.

Insider Buying and Selling

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now owns 542,248 shares of the company’s stock, valued at $33,825,430.24. This represents a 1.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Cornelius Boone sold 3,958 shares of the firm’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total transaction of $265,423.48. Following the completion of the sale, the senior vice president now directly owns 94,392 shares in the company, valued at approximately $6,329,927.52. This trade represents a 4.02 % decrease in their position. 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 in the last ninety days. 0.38% of the stock is owned by insiders.

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.