eBay Inc. (NASDAQ:EBAY) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd trimmed its holdings in eBay Inc. (NASDAQ:EBAY) by 1.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 41,744 shares of the e-commerce company’s stock after selling 501 shares during the period. Gulf International Bank UK Ltd’s holdings in eBay were worth $2,586,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in EBAY. Wellington Management Group LLP acquired a new stake in eBay in the 3rd quarter worth about $105,506,000. Allianz Asset Management GmbH boosted its stake in eBay by 23.2% in the 4th quarter. Allianz Asset Management GmbH now owns 2,460,879 shares of the e-commerce company’s stock worth $152,451,000 after buying an additional 463,015 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in eBay by 599.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 538,744 shares of the e-commerce company’s stock worth $35,078,000 after buying an additional 461,708 shares during the last quarter. Lord Abbett & CO. LLC acquired a new stake in eBay in the 3rd quarter worth about $25,132,000. Finally, Nordea Investment Management AB boosted its stake in eBay by 3.8% in the 4th quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock worth $573,220,000 after buying an additional 335,035 shares during the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

eBay Price Performance

Shares of EBAY stock opened at $64.74 on Friday. The firm has a market cap of $31.01 billion, a P/E ratio of 16.27, a P/E/G ratio of 2.22 and a beta of 1.35. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. eBay Inc. has a 1-year low of $47.06 and a 1-year high of $71.61. The firm has a fifty day moving average of $66.22 and a two-hundred day moving average of $63.73.

eBay Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.29 per share. This is a positive change from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Friday, March 14th. eBay’s dividend payout ratio (DPR) is currently 29.07%.

Insiders Place Their Bets

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total transaction of $355,556.25. Following the completion of the transaction, the chief executive officer now directly owns 531,167 shares of the company’s stock, valued at $33,575,066.07. This trade represents a 1.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $334,184.76. Following the transaction, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at approximately $4,141,040.40. This represents a 7.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,149 shares of company stock valued at $1,746,065 in the last ninety days. Corporate insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

EBAY has been the topic of a number of research analyst reports. Sanford C. Bernstein raised eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a research note on Tuesday, November 5th. Bank of America cut their price objective on eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a report on Thursday. Barclays set a $72.00 price objective on eBay and gave the stock an “overweight” rating in a report on Thursday. Benchmark raised their price objective on eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Needham & Company LLC restated a “buy” rating and issued a $72.00 price objective on shares of eBay in a report on Thursday. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $65.33.

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.