Generali Investments Management Co LLC Takes $690,000 Position in eBay Inc. (NASDAQ:EBAY)

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

Several other hedge funds have also modified their holdings of EBAY. Golden State Wealth Management LLC purchased a new position in eBay in the fourth quarter valued at $27,000. Quarry LP purchased a new position in eBay in the third quarter valued at $36,000. New Wave Wealth Advisors LLC purchased a new position in eBay in the fourth quarter valued at $36,000. Versant Capital Management Inc increased its holdings in eBay by 115.5% in the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after buying an additional 448 shares during the last quarter. Finally, Washington Trust Advisors Inc. increased its holdings in eBay by 37.8% in the fourth quarter. Washington Trust Advisors Inc. now owns 839 shares of the e-commerce company’s stock valued at $52,000 after buying an additional 230 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at eBay

In related news, CFO Stephen J. Priest sold 1,033 shares of the firm’s stock in a transaction dated 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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $67.25, for a total transaction of $378,281.25. Following the sale, the chief executive officer now owns 530,998 shares of the company’s stock, valued at approximately $35,709,615.50. The trade was a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,283 shares of company stock worth $796,241 over the last 90 days. Company insiders own 0.38% of the company’s stock.

eBay Price Performance

Shares of 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 company has a market cap of $30.40 billion, a P/E ratio of 16.39, a PEG ratio of 2.22 and a beta of 1.45. eBay Inc. has a 52 week low of $48.52 and a 52 week high of $71.61. The company has a 50-day moving average price of $67.10 and a 200 day moving average price of $64.56.

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 given a $0.29 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.78%. This is an increase from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio (DPR) is presently 29.07%.

Analysts Set New Price Targets

EBAY has been the topic of several recent analyst reports. Stifel Nicolaus dropped their target price on eBay from $64.00 to $63.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. StockNews.com raised eBay from a “hold” rating to a “buy” rating in a report on Friday, February 28th. UBS Group raised their price objective on eBay from $66.00 to $72.00 and gave the stock a “neutral” rating in a report on Monday, February 24th. 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, February 27th. Finally, BMO Capital Markets raised their price objective on eBay from $59.00 to $63.00 and gave the stock a “market perform” rating in a report on Thursday, February 27th. Two investment 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. Based on data from MarketBeat, eBay has an average rating of “Hold” and an average target price of $65.54.

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.