Sava Infond d.o.o. Makes New $403,000 Investment in eBay Inc. (NASDAQ:EBAY)

Sava Infond d.o.o. acquired a new stake in eBay Inc. (NASDAQ:EBAY) in the fourth quarter, Holdings Channel reports. The fund acquired 6,500 shares of the e-commerce company’s stock, valued at approximately $403,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Cerity Partners LLC boosted its stake in shares of eBay by 30.0% in the third quarter. Cerity Partners LLC now owns 90,569 shares of the e-commerce company’s stock valued at $5,897,000 after buying an additional 20,899 shares during the period. Larson Financial Group LLC raised its holdings in eBay by 15.1% in the 3rd quarter. Larson Financial Group LLC now owns 2,981 shares of the e-commerce company’s stock valued at $194,000 after acquiring an additional 391 shares in the last quarter. Dai ichi Life Insurance Company Ltd lifted its position in shares of eBay by 335.6% during the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 19,470 shares of the e-commerce company’s stock valued at $1,268,000 after acquiring an additional 15,000 shares during the period. Brooklyn Investment Group acquired a new stake in shares of eBay during the 3rd quarter worth $109,000. Finally, Avestar Capital LLC increased its position in shares of eBay by 19.7% in the third quarter. Avestar Capital LLC now owns 6,441 shares of the e-commerce company’s stock worth $419,000 after purchasing an additional 1,058 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on EBAY. JMP Securities reaffirmed a “market perform” rating on shares of eBay in a research report on Monday, December 16th. BMO Capital Markets upped their price target on shares of eBay from $59.00 to $63.00 and gave the stock a “market perform” rating in a report on Thursday, February 27th. Barclays set a $72.00 price objective on shares of eBay and gave the company an “overweight” rating in a research note on Thursday, February 27th. Wells Fargo & Company restated an “equal weight” rating on shares of eBay in a research report on Thursday, February 27th. Finally, Citigroup raised their target price on eBay from $75.00 to $80.00 and gave the company a “buy” rating in a report on Friday, February 14th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $65.54.

Insider Buying and Selling at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total value of $378,281.25. Following the transaction, the chief executive officer now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Cornelius Boone sold 3,958 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total value of $265,423.48. Following the transaction, the senior vice president now owns 94,392 shares in the company, valued at $6,329,927.52. The trade was a 4.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,241 shares of company stock valued at $1,061,665. 0.38% of the stock is currently owned by insiders.

eBay Stock Up 1.9 %

eBay stock opened at $66.81 on Friday. The firm has a market cap of $31.13 billion, a price-to-earnings ratio of 16.79, 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 debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a 50 day moving average price of $67.09 and a two-hundred day moving average price of $64.84.

eBay Increases Dividend

The company also recently announced 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. This is a positive change from eBay’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, March 14th. This represents a $1.16 annualized dividend and a yield of 1.74%. eBay’s payout ratio is presently 29.07%.

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.