Freedom Investment Management Inc. Has $1.07 Million Stock Position in eBay Inc. (NASDAQ:EBAY)

Freedom Investment Management Inc. lowered its position in shares of eBay Inc. (NASDAQ:EBAY) by 23.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,237 shares of the e-commerce company’s stock after selling 5,227 shares during the quarter. Freedom Investment Management Inc.’s holdings in eBay were worth $1,068,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of eBay by 2.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company’s stock valued at $3,489,000 after purchasing an additional 1,063 shares in the last quarter. Kestra Investment Management LLC lifted its position in shares of eBay by 172.5% in the fourth quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company’s stock worth $692,000 after purchasing an additional 7,074 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of eBay by 5,091.9% during the fourth quarter. Van ECK Associates Corp now owns 142,051 shares of the e-commerce company’s stock worth $8,800,000 after purchasing an additional 139,315 shares during the period. Jones Financial Companies Lllp grew its position in eBay by 35.1% during the fourth quarter. Jones Financial Companies Lllp now owns 8,121 shares of the e-commerce company’s stock valued at $503,000 after purchasing an additional 2,110 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in shares of eBay during the 4th quarter valued at $8,644,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insider Transactions at eBay

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 transaction of $265,423.48. Following the completion of the sale, the senior vice president now directly owns 94,392 shares of the company’s stock, valued at $6,329,927.52. This trade represents a 4.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Stephen J. Priest sold 1,167 shares of the business’s stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $66.21, for a total value of $77,267.07. Following the completion of the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at approximately $4,308,946.80. This represents a 1.76 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,310 shares of company stock valued at $3,121,626. 0.38% of the stock is owned by insiders.

eBay Trading Up 1.2 %

Shares of EBAY opened at $66.26 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The stock has a market cap of $30.88 billion, a PE ratio of 16.65, a PEG ratio of 2.22 and a beta of 1.43. eBay Inc. has a 1 year low of $48.52 and a 1 year high of $71.61. The stock has a 50 day simple moving average of $66.30 and a 200-day simple moving average of $64.96.

eBay Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from eBay’s previous quarterly dividend of $0.27. eBay’s payout ratio is currently 29.07%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Bank of America lowered their target price on eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a research note on Thursday, February 27th. Benchmark boosted their target price on shares of eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Needham & Company LLC restated a “buy” rating and set a $72.00 price target on shares of eBay in a report on Thursday, February 27th. 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 research report on Monday, February 24th. Finally, Morgan Stanley reduced their price target on eBay from $71.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, eBay presently has a consensus rating of “Hold” and a consensus price target of $65.13.

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.