Parallel Advisors LLC Has $425,000 Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Parallel Advisors LLC cut its holdings in eBay Inc. (NASDAQ:EBAY) by 5.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,858 shares of the e-commerce company’s stock after selling 428 shares during the quarter. Parallel Advisors LLC’s holdings in eBay were worth $425,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in EBAY. Wellington Management Group LLP acquired a new position in shares of eBay during the 3rd quarter valued at $105,506,000. Raymond James Financial Inc. acquired a new position in shares of eBay during the 4th quarter valued at $96,214,000. Amundi raised its holdings in shares of eBay by 16.8% during the fourth quarter. Amundi now owns 4,719,128 shares of the e-commerce company’s stock valued at $292,350,000 after purchasing an additional 677,389 shares during the period. Allianz Asset Management GmbH raised its holdings in shares of 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 valued at $152,451,000 after purchasing an additional 463,015 shares during the period. Finally, DJE Kapital AG acquired a new position in shares of eBay during the fourth quarter valued at about $26,833,000. 87.48% of the stock is owned by institutional investors and hedge funds.

eBay Stock Performance

NASDAQ:EBAY opened at $65.78 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The business has a fifty day simple moving average of $66.99 and a two-hundred day simple moving average of $64.64. eBay Inc. has a 1 year low of $48.52 and a 1 year high of $71.61. The company has a market capitalization of $30.65 billion, a P/E ratio of 16.53, a P/E/G ratio of 2.22 and a beta of 1.45.

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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.16 annualized dividend and a yield of 1.76%. This is a positive change from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio (DPR) is 29.07%.

Insider Buying and Selling

In related news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction dated Monday, February 3rd. The stock was 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. This represents a 1.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Stephen J. Priest sold 1,033 shares of eBay 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 transaction, the chief financial officer now directly owns 65,080 shares of the company’s stock, 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 90 days, insiders sold 16,241 shares of company stock valued at $1,061,665. 0.38% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on EBAY shares. Barclays set a $72.00 price target on eBay and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Jefferies Financial Group lowered eBay from a “hold” rating to an “underperform” rating and lowered their target price for the stock from $60.00 to $52.00 in a research report on Tuesday, December 10th. JMP Securities reaffirmed a “market perform” rating on shares of eBay in a research report on Monday, December 16th. Bank of America lowered their price objective on shares of eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a report on Thursday, February 27th. Finally, Benchmark upped their price objective on shares of eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price 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.