Zurcher Kantonalbank Zurich Cantonalbank Sells 16,306 Shares of eBay Inc. (NASDAQ:EBAY)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 2.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 613,866 shares of the e-commerce company’s stock after selling 16,306 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.13% of eBay worth $38,029,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of EBAY. Principal Financial Group Inc. increased its stake in eBay by 1.7% during the 3rd quarter. Principal Financial Group Inc. now owns 594,161 shares of the e-commerce company’s stock worth $38,686,000 after purchasing an additional 9,990 shares in the last quarter. Verdence Capital Advisors LLC grew its stake in shares of eBay by 10.5% during the 3rd quarter. Verdence Capital Advisors LLC now owns 11,247 shares of the e-commerce company’s stock worth $732,000 after acquiring an additional 1,065 shares in the last quarter. Assetmark Inc. grew its stake in shares of eBay by 10.5% during the 3rd quarter. Assetmark Inc. now owns 18,311 shares of the e-commerce company’s stock worth $1,192,000 after acquiring an additional 1,733 shares in the last quarter. Atria Investments Inc grew its stake in shares of eBay by 1.5% during the 3rd quarter. Atria Investments Inc now owns 73,188 shares of the e-commerce company’s stock worth $4,765,000 after acquiring an additional 1,066 shares in the last quarter. Finally, Sigma Planning Corp bought a new position in shares of eBay during the 3rd quarter worth approximately $217,000. 87.48% of the stock is owned by institutional investors.

eBay Stock Down 3.3 %

EBAY opened at $68.19 on Tuesday. 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 quick ratio of 1.25 and a current ratio of 1.25. The company has a market capitalization of $31.78 billion, a P/E ratio of 17.13, a P/E/G ratio of 2.22 and a beta of 1.45. The stock has a fifty day moving average of $66.72 and a 200-day moving average of $64.28.

eBay Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.70%. This is an increase from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio (DPR) is currently 29.07%.

Insider Transactions at eBay

In related news, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now owns 530,998 shares in the company, valued at approximately $35,709,615.50. This trade represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Stephen J. Priest sold 5,252 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $63.63, for a total value of $334,184.76. Following the completion of the transaction, the chief financial officer now owns 65,080 shares in the company, valued at $4,141,040.40. The trade was a 7.47 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,524 shares of company stock valued at $1,390,509. 0.38% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on EBAY. BMO Capital Markets raised their price target on shares of eBay from $59.00 to $63.00 and gave the stock a “market perform” rating in a research note on Thursday, February 27th. Cantor Fitzgerald raised their price target on shares of eBay from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, February 27th. Benchmark raised their price target on shares of eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. JMP Securities reaffirmed a “market perform” rating on shares of eBay in a research note on Monday, December 16th. Finally, Bank of America decreased their price target 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. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $65.54.

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.