Aster Capital Management DIFC Ltd Trims Position in eBay Inc. (NASDAQ:EBAY)

Aster Capital Management DIFC Ltd decreased its position in eBay Inc. (NASDAQ:EBAY) by 57.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,825 shares of the e-commerce company’s stock after selling 9,248 shares during the quarter. Aster Capital Management DIFC Ltd’s holdings in eBay were worth $423,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Wellington Management Group LLP purchased a new position in shares of eBay in the third quarter worth approximately $105,506,000. Raymond James Financial Inc. purchased a new position in shares of eBay during the 4th quarter worth $96,214,000. Boston Partners grew its position in shares of eBay by 35.2% during the 4th quarter. Boston Partners now owns 5,856,276 shares of the e-commerce company’s stock valued at $362,823,000 after acquiring an additional 1,524,691 shares during the period. Amundi increased its stake in shares of eBay by 16.8% in the 4th 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 in the last quarter. Finally, Norges Bank bought a new position in eBay in the 4th quarter worth $40,805,000. 87.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on EBAY shares. Susquehanna boosted their price target on eBay from $60.00 to $65.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. UBS Group increased their target price on shares of eBay from $66.00 to $72.00 and gave the stock a “neutral” rating in a report on Monday, February 24th. 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, April 2nd. StockNews.com cut shares of eBay from a “buy” rating to a “hold” rating in a research note on Tuesday, April 1st. Finally, BMO Capital Markets lifted their target price on shares of eBay from $59.00 to $63.00 and gave the company a “market perform” rating in a research note 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 given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $65.46.

eBay Stock Down 6.0 %

Shares of EBAY opened at $62.40 on Monday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The business has a fifty day moving average of $67.26 and a 200 day moving average of $65.04. The company has a market cap of $29.08 billion, a PE ratio of 15.68, a P/E/G ratio of 2.22 and a beta of 1.43. eBay Inc. has a 52-week low of $48.52 and a 52-week high of $71.61.

eBay Increases Dividend

The company 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. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.86%. eBay’s payout ratio is currently 29.07%.

Insider Activity at eBay

In other eBay news, SVP Cornelius Boone sold 3,958 shares of the 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 sale, the senior vice president now owns 94,392 shares in the company, valued at $6,329,927.52. This trade represents a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Stephen J. Priest sold 1,033 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $64.93, for a total transaction of $67,072.69. Following the sale, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at $4,225,644.40. This represents a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,676 shares of company stock worth $2,613,807. Insiders own 0.38% of the company’s stock.

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.