eBay Inc. (NASDAQ:EBAY) Shares Sold by 1ST Source Bank

1ST Source Bank cut its position in shares of eBay Inc. (NASDAQ:EBAY) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,273 shares of the e-commerce company’s stock after selling 320 shares during the quarter. 1ST Source Bank’s holdings in eBay were worth $574,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EBAY. Wellington Management Group LLP acquired a new position in eBay during the third quarter worth $105,506,000. Raymond James Financial Inc. acquired a new position in eBay during the fourth quarter worth $96,214,000. Amundi raised its holdings in eBay by 16.8% during the fourth quarter. Amundi now owns 4,719,128 shares of the e-commerce company’s stock worth $292,350,000 after purchasing an additional 677,389 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in eBay by 23.2% during 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. Finally, DJE Kapital AG acquired a new position in shares of eBay in the fourth quarter worth $26,833,000. 87.48% of the stock is owned by institutional investors and hedge funds.

eBay Price Performance

EBAY stock opened at $67.44 on Tuesday. The stock has a 50-day moving average price of $67.06 and a two-hundred day moving average price of $64.52. eBay Inc. has a 12-month low of $48.52 and a 12-month high of $71.61. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The company has a market cap of $31.43 billion, a PE ratio of 16.94, 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. Stockholders of record on Friday, March 14th will be given a $0.29 dividend. This is an increase from eBay’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.72%. eBay’s dividend payout ratio is presently 29.07%.

Insider Transactions at eBay

In other news, CFO Stephen J. Priest sold 1,033 shares of the company’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $64.93, for a total value of $67,072.69. Following the completion of the sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at $4,225,644.40. This represents a 1.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $62.38, for a total value of $350,887.50. Following the completion of the transaction, the chief executive officer now owns 542,248 shares in the company, valued at approximately $33,825,430.24. This trade represents a 1.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,283 shares of company stock valued at $796,241 over the last quarter. Company insiders own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on EBAY shares. Susquehanna boosted their price target on eBay from $60.00 to $65.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Benchmark boosted their price target on eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. JMP Securities reissued a “market perform” rating on shares of eBay in a report on Monday, December 16th. Wedbush started coverage on eBay in a report on Monday, December 9th. They issued a “neutral” rating and a $70.00 price target for the company. Finally, Needham & Company LLC reissued a “buy” rating and issued a $72.00 price target on shares of eBay 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 issued a buy rating to the company. According to MarketBeat, the company has a consensus 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.