eBay Inc. (NASDAQ:EBAY) Position Lowered by Marco Investment Management LLC

Marco Investment Management LLC trimmed its position in eBay Inc. (NASDAQ:EBAY) by 2.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,085 shares of the e-commerce company’s stock after selling 250 shares during the period. Marco Investment Management LLC’s holdings in eBay were worth $625,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EBAY. Smithfield Trust Co boosted its holdings in shares of eBay by 3.6% in the fourth quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company’s stock valued at $274,000 after acquiring an additional 153 shares in the last quarter. Cypress Wealth Services LLC lifted its position in eBay by 4.7% in the fourth quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company’s stock worth $216,000 after purchasing an additional 157 shares during the period. IFP Advisors Inc boosted its stake in eBay by 7.2% during the 4th quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company’s stock valued at $150,000 after purchasing an additional 163 shares in the last quarter. Capital Investment Advisors LLC increased its position in shares of eBay by 4.1% during the 4th quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company’s stock valued at $262,000 after purchasing an additional 167 shares during the period. Finally, Bailard Inc. raised its stake in shares of eBay by 0.5% in the 4th quarter. Bailard Inc. now owns 34,651 shares of the e-commerce company’s stock worth $2,147,000 after buying an additional 169 shares in the last quarter. 87.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

EBAY has been the subject of several research reports. JPMorgan Chase & Co. raised their target price on eBay from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, February 27th. Citigroup raised their price objective on shares of eBay from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Needham & Company LLC reiterated a “buy” rating and issued a $72.00 target price on shares of eBay in a report on Thursday, February 27th. Bank of America cut their target price on shares of eBay from $72.00 to $71.00 and set a “neutral” rating for the company in a research note on Thursday, February 27th. Finally, Barclays set a $72.00 price target on shares of eBay and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $65.54.

eBay Trading Up 2.0 %

Shares of NASDAQ:EBAY opened at $67.87 on Friday. The firm has a fifty day moving average of $66.45 and a two-hundred day moving average of $64.03. 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 Inc. has a 12-month low of $48.52 and a 12-month high of $71.61. The firm has a market capitalization of $31.63 billion, a P/E ratio of 17.05, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45.

eBay Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.29 per share. This is a boost from eBay’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.71%. eBay’s dividend payout ratio (DPR) is presently 29.07%.

Insider Buying and Selling at eBay

In related news, SVP Cornelius Boone sold 3,989 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total transaction of $260,082.80. Following the transaction, the senior vice president now owns 71,469 shares of the company’s stock, valued at approximately $4,659,778.80. This trade represents a 5.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total transaction of $350,887.50. Following the completion of the sale, the chief executive officer now owns 542,248 shares of the company’s stock, valued at $33,825,430.24. This trade represents a 1.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,524 shares of company stock worth $1,390,509 over the last 90 days. 0.38% of the stock is currently owned by corporate insiders.

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.