Tredje AP fonden Has $2.53 Million Position in eBay Inc. (NASDAQ:EBAY)

Tredje AP fonden lessened its position in eBay Inc. (NASDAQ:EBAY) by 50.0% in the 4th quarter, Holdings Channel reports. The firm owned 40,800 shares of the e-commerce company’s stock after selling 40,799 shares during the period. Tredje AP fonden’s holdings in eBay were worth $2,528,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new stake in shares of eBay in the 4th quarter valued at $27,000. Quarry LP acquired a new stake in shares of eBay during the third quarter worth about $36,000. New Wave Wealth Advisors LLC acquired a new stake in eBay during the 4th quarter worth approximately $36,000. Versant Capital Management Inc raised its holdings 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 acquiring an additional 448 shares during the period. Finally, Washington Trust Advisors Inc. raised its holdings 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 acquiring an additional 230 shares during the period. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Trading Down 1.4 %

Shares of eBay stock opened at $64.25 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 $66.89 and a two-hundred day simple moving average of $64.33. 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 $29.94 billion, a price-to-earnings ratio of 16.14, a P/E/G ratio of 2.22 and a beta of 1.45.

eBay Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Friday, March 14th. This is a boost from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio (DPR) is currently 29.07%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. UBS Group increased their target price on eBay from $66.00 to $72.00 and gave the stock a “neutral” rating in a report on Monday, February 24th. Bank of America decreased their price objective on eBay from $72.00 to $71.00 and set a “neutral” rating for the company in a report on Thursday, February 27th. Cantor Fitzgerald boosted their target price on eBay from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, February 27th. Stifel Nicolaus reduced their price target on eBay from $64.00 to $63.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. Finally, Wells Fargo & Company reiterated an “equal weight” rating on shares of eBay in a report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, eBay currently has an average rating of “Hold” and a consensus target price of $65.54.

Insider Buying and Selling

In other eBay news, SVP Cornelius Boone sold 3,989 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total transaction of $260,082.80. Following the transaction, the senior vice president now owns 71,469 shares in the company, valued at $4,659,778.80. This trade represents a 5.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Stephen J. Priest sold 5,252 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $63.63, for a total transaction of $334,184.76. Following the completion of the sale, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at approximately $4,141,040.40. The trade was a 7.47 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,524 shares of company stock valued at $1,390,509. Company insiders own 0.38% of the company’s stock.

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.