Generali Investments Management Co LLC Purchases New Position in eBay Inc. (NASDAQ:EBAY)

Generali Investments Management Co LLC purchased a new stake in eBay Inc. (NASDAQ:EBAY) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 11,142 shares of the e-commerce company’s stock, valued at approximately $690,000.

Several other institutional investors and hedge funds have also recently modified their holdings of EBAY. Harvest Fund Management Co. Ltd increased its stake in eBay by 331.2% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 22,475 shares of the e-commerce company’s stock worth $1,388,000 after buying an additional 17,263 shares in the last quarter. Vinva Investment Management Ltd increased its stake in eBay by 205.0% during the 4th quarter. Vinva Investment Management Ltd now owns 75,649 shares of the e-commerce company’s stock worth $4,695,000 after buying an additional 50,844 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in eBay during the 4th quarter worth approximately $242,000. ProVise Management Group LLC increased its stake in eBay by 2.8% during the 4th quarter. ProVise Management Group LLC now owns 144,599 shares of the e-commerce company’s stock worth $8,958,000 after buying an additional 3,958 shares in the last quarter. Finally, Xponance Inc. increased its stake in eBay by 5.9% during the 4th quarter. Xponance Inc. now owns 86,190 shares of the e-commerce company’s stock worth $5,339,000 after buying an additional 4,813 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on EBAY. Barclays set a $72.00 price objective on eBay and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Citigroup upped their price target on eBay from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Wedbush assumed coverage on eBay in a research report on Monday, December 9th. They issued a “neutral” rating and a $70.00 price target for the company. Needham & Company LLC restated a “buy” rating and issued a $72.00 price target on shares of eBay in a research report on Thursday, February 27th. Finally, UBS Group upped their price target on eBay from $66.00 to $72.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, eBay currently has an average rating of “Hold” and an average price target of $65.54.

eBay Stock Down 3.3 %

NASDAQ:EBAY opened at $65.24 on Wednesday. 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 stock’s fifty day moving average is $67.10 and its two-hundred day moving average is $64.56. eBay Inc. has a 52 week low of $48.52 and a 52 week high of $71.61. The stock has a market capitalization of $30.40 billion, a price-to-earnings ratio of 16.39, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45.

eBay Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.78%. This is a boost from eBay’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, March 14th. eBay’s dividend payout ratio is 29.07%.

Insiders Place Their Bets

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the company’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 transaction, the chief executive officer now directly owns 530,998 shares in the company, valued at $35,709,615.50. This represents a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stephen J. Priest sold 1,033 shares of the company’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $64.93, for a total value of $67,072.69. Following the transaction, the chief financial officer now owns 65,080 shares in the company, valued at $4,225,644.40. This trade represents a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,283 shares of company stock worth $796,241 over the last ninety days. Corporate 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.