WINTON GROUP Ltd Takes Position in eBay Inc. (NASDAQ:EBAY)

WINTON GROUP Ltd bought a new stake in eBay Inc. (NASDAQ:EBAY) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 92,095 shares of the e-commerce company’s stock, valued at approximately $5,705,000.

A number of other large investors also recently modified their holdings of the business. Wellington Management Group LLP acquired a new stake in shares of eBay during the 3rd quarter worth about $105,506,000. Raymond James Financial Inc. bought a new position in eBay during the fourth quarter worth about $96,214,000. Boston Partners boosted its position in shares of eBay by 35.2% during the fourth quarter. Boston Partners now owns 5,856,276 shares of the e-commerce company’s stock worth $362,823,000 after buying an additional 1,524,691 shares during the period. Amundi raised its holdings in eBay by 16.8% during the fourth quarter. Amundi now owns 4,719,128 shares of the e-commerce company’s stock worth $292,350,000 after acquiring an additional 677,389 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its stake in shares of eBay by 23.2% in the fourth quarter. Allianz Asset Management GmbH now owns 2,460,879 shares of the e-commerce company’s stock valued at $152,451,000 after buying an additional 463,015 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. JMP Securities reissued a “market perform” rating on shares of eBay in a report on Monday, December 16th. BMO Capital Markets upped their price target on shares of eBay from $59.00 to $63.00 and gave the stock a “market perform” rating in a report on Thursday, February 27th. UBS Group upped their price target on shares of eBay from $66.00 to $72.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. Morgan Stanley lifted their price target on shares of eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Finally, Needham & Company LLC restated a “buy” rating and issued a $72.00 price objective on shares of eBay in a report on Thursday, February 27th. Two 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. Based on data from MarketBeat.com, eBay has an average rating of “Hold” and a consensus target price of $65.54.

Insider Activity at eBay

In other eBay news, SVP Cornelius Boone sold 3,958 shares of the company’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total transaction of $265,423.48. Following the completion of the sale, the senior vice president now owns 94,392 shares in the company, valued at $6,329,927.52. This represents a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the firm’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 transaction 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 trade represents a 1.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,241 shares of company stock valued at $1,061,665. Insiders own 0.38% of the company’s stock.

eBay Trading Down 1.1 %

Shares of eBay stock opened at $65.58 on Thursday. The company’s fifty day simple moving average is $67.05 and its 200-day simple moving average is $64.83. The stock has a market capitalization of $30.56 billion, a PE ratio of 16.48, a P/E/G ratio of 2.22 and a beta of 1.45. eBay Inc. has a 1-year low of $48.52 and a 1-year high of $71.61. 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 business also recently declared 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. The ex-dividend date is Friday, March 14th. This represents a $1.16 annualized dividend and a yield of 1.77%. This is a boost from eBay’s previous quarterly dividend of $0.27. eBay’s payout ratio is presently 29.07%.

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.