Lbp Am Sa Has $6.85 Million Holdings in eBay Inc. (NASDAQ:EBAY)

Lbp Am Sa trimmed its holdings in eBay Inc. (NASDAQ:EBAY) by 25.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 110,580 shares of the e-commerce company’s stock after selling 36,991 shares during the period. Lbp Am Sa’s holdings in eBay were worth $6,850,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Commonwealth Equity Services LLC raised its stake in eBay by 0.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 50,904 shares of the e-commerce company’s stock valued at $3,154,000 after acquiring an additional 238 shares during the period. PGGM Investments increased its holdings in shares of eBay by 42.5% in the fourth quarter. PGGM Investments now owns 103,635 shares of the e-commerce company’s stock valued at $6,420,000 after purchasing an additional 30,904 shares during the last quarter. Erste Asset Management GmbH raised its position in shares of eBay by 168.5% in the fourth quarter. Erste Asset Management GmbH now owns 72,183 shares of the e-commerce company’s stock valued at $4,590,000 after purchasing an additional 45,300 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of eBay by 204.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 318,280 shares of the e-commerce company’s stock worth $19,717,000 after buying an additional 213,650 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of eBay by 9.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,874 shares of the e-commerce company’s stock worth $178,000 after buying an additional 250 shares during the period. 87.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on EBAY. UBS Group raised their price objective on shares of eBay from $66.00 to $72.00 and gave the stock a “neutral” rating in a research report on Monday, February 24th. Wells Fargo & Company reissued an “equal weight” rating on shares of eBay in a report on Thursday, February 27th. Morgan Stanley upped their price objective on eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Benchmark lifted their target price on eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Finally, Bank of America decreased their price target on shares of eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, eBay has an average rating of “Hold” and a consensus target price of $65.54.

eBay Price Performance

Shares of EBAY opened at $65.28 on Friday. The business has a 50-day simple moving average of $66.97 and a two-hundred day simple moving average of $64.37. eBay Inc. has a 12-month low of $48.52 and a 12-month high of $71.61. The stock has a market cap of $30.42 billion, a PE ratio of 16.40, a PEG ratio of 2.22 and a beta of 1.45. 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 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 paid a $0.29 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.78%. This is an increase from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio is currently 29.07%.

Insider Activity at eBay

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

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.