Swiss National Bank Sells 108,600 Shares of eBay Inc. (NASDAQ:EBAY)

Swiss National Bank decreased its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 7.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,381,400 shares of the e-commerce company’s stock after selling 108,600 shares during the period. Swiss National Bank’s holdings in eBay were worth $85,578,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Smithfield Trust Co raised its holdings in shares of eBay by 3.6% in the 4th quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company’s stock worth $274,000 after acquiring an additional 153 shares during the last quarter. Cypress Wealth Services LLC increased its holdings in eBay by 4.7% during the 4th quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company’s stock worth $216,000 after purchasing an additional 157 shares in the last quarter. IFP Advisors Inc raised its stake in shares of eBay by 7.2% in the fourth quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company’s stock worth $150,000 after purchasing an additional 163 shares during the last quarter. Capital Investment Advisors LLC lifted its holdings in shares of eBay by 4.1% in the fourth quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company’s stock valued at $262,000 after purchasing an additional 167 shares in the last quarter. Finally, Bailard Inc. boosted 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 valued at $2,147,000 after buying an additional 169 shares during the last quarter. 87.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on EBAY. StockNews.com raised shares of eBay from a “hold” rating to a “buy” rating in a report on Friday, February 28th. 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 research report on Thursday, February 27th. Stifel Nicolaus dropped their target price on shares of eBay from $64.00 to $63.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th. Benchmark upped their target price on eBay from $65.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Finally, BMO Capital Markets lifted their price target on eBay from $59.00 to $63.00 and gave the stock a “market perform” rating in a report on Thursday, February 27th. Two 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $65.54.

eBay Stock Up 1.6 %

EBAY opened at $65.28 on Friday. 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 $30.42 billion, a PE ratio of 16.40, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The company has a 50 day moving average of $66.97 and a 200 day moving average of $64.37.

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 $0.29 dividend. This is a positive change from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend is Friday, March 14th. eBay’s dividend payout ratio (DPR) is presently 29.07%.

Insider Activity

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