eBay Inc. (NASDAQ:EBAY) Shares Acquired by Erste Asset Management GmbH

Erste Asset Management GmbH grew its position in eBay Inc. (NASDAQ:EBAY) by 168.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 72,183 shares of the e-commerce company’s stock after acquiring an additional 45,300 shares during the period. Erste Asset Management GmbH’s holdings in eBay were worth $4,590,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its position in shares of eBay by 2.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company’s stock worth $3,489,000 after purchasing an additional 1,063 shares during the last quarter. Kestra Investment Management LLC raised its position in shares of eBay by 172.5% during the 4th 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 during the last quarter. Trustmark National Bank Trust Department acquired a new position in shares of eBay during the 3rd quarter worth about $1,307,000. Prospera Financial Services Inc raised its position in shares of eBay by 794.2% during the 3rd quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock worth $4,598,000 after purchasing an additional 62,719 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in shares of eBay by 5,091.9% during the 4th 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 last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Analysts Set New Price Targets

EBAY has been the subject of several research analyst reports. Stifel Nicolaus reduced their price target on shares of eBay from $64.00 to $63.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. Benchmark upped their price target 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. Bank of America reduced their price target on shares of eBay from $72.00 to $71.00 and set a “neutral” rating for the company in a research report on Thursday, February 27th. Citigroup increased their price objective on shares of eBay from $75.00 to $80.00 and gave the company a “buy” rating in a report on Friday, February 14th. Finally, Cantor Fitzgerald increased their price objective on shares of eBay from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $65.54.

eBay Stock Up 1.6 %

eBay stock opened at $65.28 on Friday. 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 firm has a 50 day moving average price of $66.97 and a 200 day moving average price of $64.37. The company has a market capitalization of $30.42 billion, a PE ratio of 16.40, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45.

eBay Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.78%. The ex-dividend date is Friday, March 14th. This is an increase from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio (DPR) is 29.07%.

Insider Activity at eBay

In other eBay news, CFO Stephen J. Priest sold 5,252 shares of the business’s stock in a transaction on Monday, December 16th. The shares were 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total transaction of $378,281.25. Following the completion of the transaction, the chief executive officer now owns 530,998 shares of the company’s stock, valued at approximately $35,709,615.50. This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,524 shares of company stock worth $1,390,509. Insiders own 0.38% of the company’s stock.

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.