Arvest Investments Inc. Lowers Stake in eBay Inc. (NASDAQ:EBAY)

Arvest Investments Inc. cut its stake in eBay Inc. (NASDAQ:EBAY) by 6.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,162 shares of the e-commerce company’s stock after selling 1,043 shares during the quarter. Arvest Investments Inc.’s holdings in eBay were worth $877,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in EBAY. Wellington Management Group LLP bought a new position in eBay in the third quarter worth about $105,506,000. Raymond James Financial Inc. bought a new position in shares of eBay during the 4th quarter worth approximately $96,214,000. Boston Partners lifted its position in eBay by 35.2% during the fourth quarter. Boston Partners now owns 5,856,276 shares of the e-commerce company’s stock valued at $362,823,000 after acquiring an additional 1,524,691 shares during the last quarter. Amundi boosted its stake in eBay by 16.8% in the fourth quarter. Amundi now owns 4,719,128 shares of the e-commerce company’s stock valued at $292,350,000 after acquiring an additional 677,389 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its holdings in eBay by 23.2% in the fourth quarter. Allianz Asset Management GmbH now owns 2,460,879 shares of the e-commerce company’s stock worth $152,451,000 after purchasing an additional 463,015 shares during the last quarter. 87.48% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was 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 directly owns 542,248 shares in the company, valued at approximately $33,825,430.24. The trade was a 1.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Stephen J. Priest sold 1,033 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $64.93, for a total value of $67,072.69. Following the completion of the transaction, the chief financial officer now owns 65,080 shares in the company, valued at $4,225,644.40. The trade was a 1.56 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,241 shares of company stock worth $1,061,665. Insiders own 0.38% of the company’s stock.

eBay Stock Performance

EBAY opened at $66.34 on Friday. The firm’s fifty day simple moving average is $66.99 and its two-hundred day simple moving average is $64.59. eBay Inc. has a 52-week low of $48.52 and a 52-week high of $71.61. The company has a market cap of $30.91 billion, a price-to-earnings ratio of 16.67, a PEG ratio of 2.22 and a beta of 1.45. 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 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 issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.75%. This is a boost from eBay’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, March 14th. eBay’s payout ratio is presently 29.07%.

Wall Street Analyst Weigh In

EBAY has been the topic of several recent analyst reports. StockNews.com raised eBay from a “hold” rating to a “buy” rating in a research report on Friday, February 28th. Benchmark increased their price objective on shares of eBay from $65.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Jefferies Financial Group downgraded shares of eBay from a “hold” rating to an “underperform” rating and dropped their target price for the stock from $60.00 to $52.00 in a research report on Tuesday, December 10th. 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 report on Thursday, February 27th. Finally, Wells Fargo & Company reissued an “equal weight” rating on shares of eBay in a report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat, eBay currently has an average rating of “Hold” and a consensus price target of $65.54.

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.