eBay Inc. (NASDAQ:EBAY) Stake Reduced by Clifford Swan Investment Counsel LLC

Clifford Swan Investment Counsel LLC trimmed its stake in eBay Inc. (NASDAQ:EBAY) by 1.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 193,051 shares of the e-commerce company’s stock after selling 2,694 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in eBay were worth $11,960,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in EBAY. Bailard Inc. grew its position in shares of eBay by 0.5% during the fourth quarter. Bailard Inc. now owns 34,651 shares of the e-commerce company’s stock worth $2,147,000 after acquiring an additional 169 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in eBay by 4.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 5,979 shares of the e-commerce company’s stock valued at $371,000 after purchasing an additional 253 shares during the period. Maia Wealth LLC grew its position in eBay by 38.9% in the 4th quarter. Maia Wealth LLC now owns 4,824 shares of the e-commerce company’s stock worth $322,000 after purchasing an additional 1,351 shares during the last quarter. Cape Investment Advisory Inc. increased its stake in shares of eBay by 13.7% in the fourth quarter. Cape Investment Advisory Inc. now owns 1,619 shares of the e-commerce company’s stock valued at $100,000 after purchasing an additional 195 shares during the period. Finally, Williamson Legacy Group LLC increased its stake in shares of eBay by 21.5% in the fourth quarter. Williamson Legacy Group LLC now owns 18,382 shares of the e-commerce company’s stock valued at $1,139,000 after purchasing an additional 3,255 shares during the period. 87.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on EBAY shares. Wedbush assumed coverage on eBay in a report on Monday, December 9th. They issued a “neutral” rating and a $70.00 price objective for the company. Sanford C. Bernstein upgraded eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price target for the company in a research report on Tuesday, November 5th. Benchmark raised their price target on eBay from $65.00 to $75.00 and gave the company a “buy” rating in a report on Thursday. Bank of America reduced their price objective on shares of eBay from $72.00 to $71.00 and set a “neutral” rating for the company in a report on Thursday. Finally, JMP Securities reiterated a “market perform” rating on shares of eBay in a research report on Monday, December 16th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $65.33.

eBay Stock Performance

Shares of NASDAQ EBAY opened at $64.74 on Friday. The stock’s fifty day simple moving average is $66.22 and its 200 day simple moving average is $63.78. The stock has a market capitalization of $31.01 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 2.22 and a beta of 1.35. 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 52-week low of $48.04 and a 52-week high of $71.61.

eBay Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.29 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.79%. This is a boost from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio (DPR) is currently 29.07%.

Insiders Place Their Bets

In other news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total value of $355,556.25. Following the transaction, the chief executive officer now directly owns 531,167 shares of the company’s stock, valued at $33,575,066.07. This trade represents a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Stephen J. Priest sold 5,252 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 65,080 shares in the company, valued at $4,141,040.40. This represents a 7.47 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,149 shares of company stock worth $1,746,065. 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.