Vinva Investment Management Ltd Has $4.70 Million Holdings in eBay Inc. (NASDAQ:EBAY)

Vinva Investment Management Ltd raised its stake in eBay Inc. (NASDAQ:EBAY) by 205.0% in the 4th quarter, HoldingsChannel reports. The fund owned 75,649 shares of the e-commerce company’s stock after buying an additional 50,844 shares during the quarter. Vinva Investment Management Ltd’s holdings in eBay were worth $4,695,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new stake in eBay in the 4th quarter valued at about $27,000. Quarry LP acquired a new stake in eBay in the 3rd quarter valued at about $36,000. New Wave Wealth Advisors LLC acquired a new stake in eBay in the 4th quarter valued at about $36,000. Versant Capital Management Inc increased its position in eBay by 115.5% in the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after acquiring an additional 448 shares in the last quarter. Finally, Washington Trust Advisors Inc. grew its position in shares of eBay by 37.8% during the 4th quarter. Washington Trust Advisors Inc. now owns 839 shares of the e-commerce company’s stock worth $52,000 after buying an additional 230 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Stock Performance

Shares of EBAY opened at $67.20 on Thursday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a twelve month low of $48.52 and a twelve month high of $71.61. The firm’s 50 day moving average price is $67.05 and its two-hundred day moving average price is $64.58. The firm has a market cap of $31.32 billion, a P/E ratio of 16.88, a PEG ratio of 2.22 and a beta of 1.45.

eBay Increases Dividend

The firm also recently disclosed 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 represents a $1.16 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Friday, March 14th. This is a positive change from eBay’s previous quarterly dividend of $0.27. eBay’s payout ratio is currently 29.07%.

Wall Street Analysts Forecast Growth

EBAY has been the subject of several analyst reports. Benchmark lifted their price target on shares of eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Jefferies Financial Group cut shares of eBay from a “hold” rating to an “underperform” rating and lowered their price target for the stock from $60.00 to $52.00 in a research report on Tuesday, December 10th. Wells Fargo & Company reiterated an “equal weight” rating on shares of eBay in a research report on Thursday, February 27th. Wedbush initiated coverage on shares of eBay in a research report on Monday, December 9th. They set a “neutral” rating and a $70.00 price target for the company. Finally, StockNews.com upgraded shares of eBay from a “hold” rating to a “buy” rating in a research report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $65.54.

Insider Transactions at eBay

In other news, CFO Stephen J. Priest sold 1,033 shares of the business’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 sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at $4,225,644.40. The trade was a 1.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the business’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 completion of the sale, the chief executive officer now directly owns 530,998 shares in the company, valued at approximately $35,709,615.50. This represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,283 shares of company stock valued at $796,241 over the last 90 days. 0.38% of the stock is owned by corporate insiders.

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.