Wellington Management Group LLP Has $84.55 Million Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Wellington Management Group LLP lowered its position in shares of eBay Inc. (NASDAQ:EBAY) by 15.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,364,802 shares of the e-commerce company’s stock after selling 255,622 shares during the quarter. Wellington Management Group LLP owned 0.28% of eBay worth $84,549,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of eBay by 2.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company’s stock valued at $3,489,000 after buying an additional 1,063 shares during the period. Kestra Investment Management LLC grew its stake in eBay by 172.5% in the fourth quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company’s stock valued at $692,000 after acquiring an additional 7,074 shares during the period. Van ECK Associates Corp increased its holdings in shares of eBay by 5,091.9% in the fourth quarter. Van ECK Associates Corp now owns 142,051 shares of the e-commerce company’s stock worth $8,800,000 after acquiring an additional 139,315 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of eBay by 35.1% during the fourth quarter. Jones Financial Companies Lllp now owns 8,121 shares of the e-commerce company’s stock worth $503,000 after purchasing an additional 2,110 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in shares of eBay in the 4th quarter valued at approximately $8,644,000. Institutional investors own 87.48% of the company’s stock.

Insider Buying and Selling at eBay

In other news, CFO Stephen J. Priest sold 28,060 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $67.82, for a total value of $1,903,029.20. Following the transaction, the chief financial officer now owns 65,080 shares of the company’s stock, valued at approximately $4,413,725.60. This represents a 30.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total value of $378,281.25. Following the sale, the chief executive officer now directly owns 530,998 shares of the company’s stock, valued at approximately $35,709,615.50. The trade was a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,676 shares of company stock valued at $2,613,807 in the last three months. 0.38% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

EBAY has been the topic of a number of research reports. Morgan Stanley lifted their price target on shares of eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Barclays set a $72.00 target price on shares of eBay and gave the stock an “overweight” rating in a research note on Thursday, February 27th. JMP Securities reissued a “market perform” rating on shares of eBay in a research note on Monday, December 16th. BMO Capital Markets upped their price objective on eBay from $59.00 to $63.00 and gave the stock a “market perform” rating in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. lifted their target price on eBay from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $65.46.

eBay Price Performance

NASDAQ:EBAY opened at $62.40 on Friday. The company has a market cap of $29.08 billion, a P/E ratio of 15.68, a P/E/G ratio of 2.22 and a beta of 1.43. The firm’s fifty day moving average price is $67.26 and its two-hundred day moving average price is $65.03. eBay Inc. has a one year low of $48.52 and a one year high of $71.61. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25.

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. The ex-dividend date was Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.86%. This is a positive change from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio is 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.