Blueshift Asset Management LLC Sells 16,005 Shares of eBay Inc. (NASDAQ:EBAY)

Blueshift Asset Management LLC lowered its holdings in eBay Inc. (NASDAQ:EBAY) by 67.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,697 shares of the e-commerce company’s stock after selling 16,005 shares during the quarter. Blueshift Asset Management LLC’s holdings in eBay were worth $477,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EBAY. Oppenheimer & Co. Inc. bought a new stake in eBay in the third quarter valued at about $256,000. LMR Partners LLP bought a new stake in eBay in the third quarter valued at about $247,000. Pathstone Holdings LLC increased its stake in eBay by 2.2% in the third quarter. Pathstone Holdings LLC now owns 79,177 shares of the e-commerce company’s stock valued at $5,155,000 after acquiring an additional 1,696 shares during the period. PNC Financial Services Group Inc. increased its stake in eBay by 4.2% in the third quarter. PNC Financial Services Group Inc. now owns 186,059 shares of the e-commerce company’s stock valued at $12,114,000 after acquiring an additional 7,585 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in eBay by 125.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,630 shares of the e-commerce company’s stock valued at $6,812,000 after acquiring an additional 58,165 shares during the period. Institutional investors own 87.48% of the company’s stock.

Insider Buying and Selling at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total value of $350,887.50. Following the completion of the sale, the chief executive officer now owns 542,248 shares of the company’s stock, valued at approximately $33,825,430.24. This represents a 1.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed 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 that occurred 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 completion of the sale, the chief financial officer now directly 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. Over the last 90 days, insiders sold 16,241 shares of company stock valued at $1,061,665. Corporate insiders own 0.38% of the company’s stock.

eBay Trading Down 1.3 %

Shares of NASDAQ EBAY opened at $66.34 on Friday. The company’s 50 day simple moving average is $66.99 and its 200 day simple moving average is $64.59. eBay Inc. has a fifty-two week low of $48.52 and a fifty-two week high of $71.61. The firm has a market capitalization of $30.91 billion, a P/E ratio of 16.67, a P/E/G ratio of 2.22 and a beta of 1.45. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25.

eBay Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.75%. The ex-dividend date is Friday, March 14th. This is an increase from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio is presently 29.07%.

Analyst Ratings Changes

Several analysts have weighed in on EBAY shares. BMO Capital Markets upped their price objective 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. Wedbush started coverage on shares of eBay in a research note on Monday, December 9th. They set a “neutral” rating and a $70.00 price objective on the stock. JPMorgan Chase & Co. upped their price objective on shares of eBay from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, February 27th. StockNews.com raised shares of eBay from a “hold” rating to a “buy” rating in a research note on Friday, February 28th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of eBay in a research note on Monday, December 16th. Two equities 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 company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $65.54.

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.