eBay Inc. (NASDAQ:EBAY) Shares Acquired by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC lifted its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,353 shares of the e-commerce company’s stock after buying an additional 169 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in eBay were worth $270,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Golden State Wealth Management LLC acquired a new position in shares of eBay during the fourth quarter worth approximately $27,000. Quarry LP acquired a new position in shares of eBay during the third quarter worth approximately $36,000. New Wave Wealth Advisors LLC acquired a new position in shares of eBay during the fourth quarter worth approximately $36,000. Versant Capital Management Inc boosted its position in shares of eBay by 115.5% during the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after buying an additional 448 shares during the period. Finally, Washington Trust Advisors Inc. boosted its position in shares of eBay by 37.8% during the fourth 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. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on EBAY shares. Susquehanna upped their target price on eBay from $60.00 to $65.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. Citigroup upped their target price on eBay from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Stifel Nicolaus cut their target price on eBay from $64.00 to $63.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. Jefferies Financial Group downgraded eBay from a “hold” rating to an “underperform” rating and cut their target price for the stock from $60.00 to $52.00 in a research report on Tuesday, December 10th. Finally, StockNews.com upgraded 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 given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $65.54.

Insider Activity

In other news, CFO Stephen J. Priest sold 5,252 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $63.63, for a total transaction of $334,184.76. Following the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,141,040.40. The trade was a 7.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jamie Iannone sold 5,625 shares of the company’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 owns 530,998 shares of the company’s stock, valued at $35,709,615.50. This represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,524 shares of company stock worth $1,390,509 in the last ninety days. Corporate insiders own 0.38% of the company’s stock.

eBay Price Performance

Shares of NASDAQ:EBAY opened at $65.22 on Wednesday. The company’s fifty day moving average is $66.79 and its two-hundred day moving average is $64.32. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 12-month low of $48.52 and a 12-month high of $71.61. The company has a market cap of $30.39 billion, a P/E ratio of 16.39, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45.

eBay Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.29 per share. This is a boost from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Friday, March 14th. eBay’s payout ratio is currently 29.07%.

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.