eBay Inc. (NASDAQ:EBAY) Shares Bought by Lifeworks Advisors LLC

Lifeworks Advisors LLC lifted its stake in shares of eBay Inc. (NASDAQ:EBAY) by 22.3% during the 4th quarter, HoldingsChannel reports. The firm owned 43,965 shares of the e-commerce company’s stock after purchasing an additional 8,019 shares during the quarter. Lifeworks Advisors LLC’s holdings in eBay were worth $2,724,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC boosted its stake in eBay by 2.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company’s stock worth $3,489,000 after buying an additional 1,063 shares during the last quarter. Kestra Investment Management LLC raised its holdings in shares of eBay by 172.5% during the 4th quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company’s stock worth $692,000 after acquiring an additional 7,074 shares during the period. Trustmark National Bank Trust Department acquired a new position in shares of eBay during the 3rd quarter valued at about $1,307,000. Prospera Financial Services Inc grew its holdings in shares of eBay by 794.2% in the third quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock valued at $4,598,000 after purchasing an additional 62,719 shares during the period. Finally, Van ECK Associates Corp increased its position in eBay by 5,091.9% during the fourth quarter. Van ECK Associates Corp now owns 142,051 shares of the e-commerce company’s stock worth $8,800,000 after purchasing an additional 139,315 shares during the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on EBAY shares. Wells Fargo & Company increased their price target on shares of eBay from $61.00 to $64.00 and gave the company an “equal weight” rating in a research note on Thursday, February 27th. Susquehanna raised their target price on eBay from $60.00 to $65.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. Morgan Stanley upped their price target on eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Barclays set a $72.00 price objective on eBay and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Finally, Jefferies Financial Group cut shares of eBay from a “hold” rating to an “underperform” rating and decreased their target price for the company from $60.00 to $52.00 in a research report on Tuesday, December 10th. Two research 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $65.54.

eBay Stock Up 3.9 %

Shares of NASDAQ:EBAY opened at $70.51 on Friday. eBay Inc. has a fifty-two week low of $48.52 and a fifty-two week high of $71.61. The firm’s 50 day moving average price is $66.60 and its 200 day moving average price is $64.13. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The stock has a market cap of $32.86 billion, a price-to-earnings ratio of 17.72, a price-to-earnings-growth 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. Stockholders of record on Friday, March 14th will be given 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 1.65%. The ex-dividend date is Friday, March 14th. eBay’s payout ratio is 29.07%.

Insider Buying and Selling

In other news, CFO Stephen J. Priest sold 1,033 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $64.93, for a total transaction of $67,072.69. Following the sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at approximately $4,225,644.40. This trade represents a 1.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $62.38, for a total value of $350,887.50. Following the sale, the chief executive officer now owns 542,248 shares of the company’s stock, valued at approximately $33,825,430.24. The trade was a 1.03 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,524 shares of company stock worth $1,390,509. Corporate insiders own 0.38% of the company’s stock.

About eBay

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.