Lyrical Asset Management LP Has $250.09 Million Stock Position in eBay Inc. (NASDAQ:EBAY)

Lyrical Asset Management LP increased its position in shares of eBay Inc. (NASDAQ:EBAY) by 1.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,036,934 shares of the e-commerce company’s stock after buying an additional 48,402 shares during the period. eBay accounts for approximately 3.7% of Lyrical Asset Management LP’s holdings, making the stock its 11th biggest position. Lyrical Asset Management LP owned about 0.84% of eBay worth $250,088,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in shares of eBay during the fourth quarter worth approximately $27,000. Quarry LP acquired a new position in eBay during the 3rd quarter valued at $36,000. New Wave Wealth Advisors LLC acquired a new position in eBay during the 4th quarter valued at $36,000. Lee Danner & Bass Inc. bought a new stake in eBay in the 4th quarter valued at $40,000. Finally, Versant Capital Management Inc grew its position in eBay by 115.5% in 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. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Stock Performance

EBAY stock opened at $62.40 on Friday. The company has a 50 day moving average price of $67.26 and a 200 day moving average price of $65.03. eBay Inc. has a fifty-two week low of $48.52 and a fifty-two week 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. The stock has a market capitalization of $29.08 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43.

eBay Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.86%. This is an increase from eBay’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, March 14th. eBay’s payout ratio is 29.07%.

Insider Buying and Selling

In other news, CFO Stephen J. Priest sold 1,033 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $64.93, for a total transaction of $67,072.69. Following the completion of the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at approximately $4,225,644.40. The trade was a 1.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 530,998 shares of the company’s stock, valued at $35,709,615.50. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,676 shares of company stock valued at $2,613,807 over the last ninety days. Insiders own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Susquehanna upped their price objective on shares of eBay from $60.00 to $65.00 and gave the company a “neutral” rating in a research report on Monday, March 3rd. Morgan Stanley lifted their price objective on eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Jefferies Financial Group lowered eBay from a “hold” rating to an “underperform” rating and cut their target price for the company from $60.00 to $52.00 in a research note on Tuesday, December 10th. Stifel Nicolaus decreased 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. Finally, Wells Fargo & Company lowered their price target on shares of eBay from $64.00 to $62.00 and set an “equal weight” rating on the stock in a report on Wednesday. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, eBay currently has a consensus rating of “Hold” and an average price target of $65.46.

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.