Skandinaviska Enskilda Banken AB publ Has $7.23 Million Holdings in eBay Inc. (NASDAQ:EBAY)

Skandinaviska Enskilda Banken AB publ trimmed its holdings in eBay Inc. (NASDAQ:EBAY) by 1.6% in the 4th quarter, Holdings Channel reports. The fund owned 116,572 shares of the e-commerce company’s stock after selling 1,839 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in eBay were worth $7,233,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Golden State Wealth Management LLC acquired a new stake in eBay in the 4th quarter worth $27,000. Quarry LP bought a new stake in shares of eBay in the third quarter valued at about $36,000. New Wave Wealth Advisors LLC acquired a new stake in eBay during the fourth quarter worth about $36,000. Versant Capital Management Inc increased its stake in eBay by 115.5% during the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after acquiring an additional 448 shares during the period. Finally, Washington Trust Advisors Inc. raised its holdings in eBay by 37.8% in the 4th quarter. Washington Trust Advisors Inc. now owns 839 shares of the e-commerce company’s stock valued at $52,000 after acquiring an additional 230 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on EBAY shares. Barclays set a $72.00 price objective on eBay and gave the company an “overweight” rating in a research report on Thursday, February 27th. JMP Securities restated a “market perform” rating on shares of eBay in a research note on Monday, December 16th. 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, February 27th. Stifel Nicolaus lowered their target price on shares of eBay from $64.00 to $63.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. Finally, BMO Capital Markets raised their price target on shares of eBay from $59.00 to $63.00 and gave the stock a “market perform” rating 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 given a buy rating to the company. According to MarketBeat, eBay currently has an average rating of “Hold” and an average price target of $65.54.

eBay Stock Up 1.6 %

Shares of EBAY opened at $65.28 on Friday. The business’s fifty day moving average price is $66.97 and its two-hundred day moving average price is $64.41. The firm has a market capitalization of $30.42 billion, a price-to-earnings ratio of 16.40, a PEG ratio of 2.22 and a beta of 1.45. eBay Inc. has a 52 week low of $48.52 and a 52 week high of $71.61. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25.

eBay Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.29 dividend. This is a boost from eBay’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.16 annualized dividend and a yield of 1.78%. eBay’s dividend payout ratio (DPR) is currently 29.07%.

Insider Buying and Selling

In other eBay news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $67.25, for a total transaction of $378,281.25. Following the completion of the sale, the chief executive officer now owns 530,998 shares of the company’s stock, valued at approximately $35,709,615.50. The trade was a 1.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Stephen J. Priest sold 1,033 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were 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 $4,225,644.40. The trade was a 1.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,524 shares of company stock worth $1,390,509 over the last three months. 0.38% of the stock is currently owned by company insiders.

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.