Blair William & Co. IL Sells 261 Shares of eBay Inc. (NASDAQ:EBAY)

Blair William & Co. IL lowered its stake in eBay Inc. (NASDAQ:EBAY) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 26,554 shares of the e-commerce company’s stock after selling 261 shares during the quarter. Blair William & Co. IL’s holdings in eBay were worth $1,645,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. NEOS Investment Management LLC boosted its stake in eBay by 31.5% in the 4th quarter. NEOS Investment Management LLC now owns 31,186 shares of the e-commerce company’s stock worth $1,932,000 after purchasing an additional 7,466 shares during the period. Sava Infond d.o.o. acquired a new position in shares of eBay during the fourth quarter worth about $403,000. Elo Mutual Pension Insurance Co grew its holdings in shares of eBay by 17.0% during the fourth quarter. Elo Mutual Pension Insurance Co now owns 51,833 shares of the e-commerce company’s stock worth $3,211,000 after buying an additional 7,520 shares in the last quarter. WINTON GROUP Ltd bought a new stake in eBay in the 4th quarter valued at approximately $5,705,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in eBay by 6.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 764,875 shares of the e-commerce company’s stock worth $47,124,000 after acquiring an additional 46,032 shares during the last quarter. Institutional investors own 87.48% of the company’s stock.

Insider Buying and Selling

In related news, 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 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 trade represents a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $67.25, for a total transaction of $378,281.25. Following the sale, the chief executive officer now directly owns 530,998 shares of the company’s stock, valued at $35,709,615.50. This represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,241 shares of company stock valued at $1,061,665 over the last 90 days. 0.38% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wells Fargo & Company reiterated an “equal weight” rating on shares of eBay in a report on Thursday, February 27th. Citigroup lifted their price target 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. Cantor Fitzgerald increased their price objective 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. Barclays set a $72.00 target price on eBay and gave the company an “overweight” rating in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. raised their price target on eBay from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, February 27th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $65.54.

eBay Stock Performance

NASDAQ EBAY opened at $67.80 on Wednesday. The firm has a 50-day moving average price of $67.20 and a two-hundred day moving average price of $65.02. eBay Inc. has a 12-month low of $48.52 and a 12-month high of $71.61. The company has a market capitalization of $31.59 billion, a P/E ratio of 17.04, a P/E/G 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 declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.29 dividend. This is a boost from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 1.71%. The ex-dividend date was Friday, March 14th. eBay’s payout ratio is 29.07%.

eBay 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.