denkapparat Operations GmbH Makes New $258,000 Investment in eBay Inc. (NASDAQ:EBAY)

denkapparat Operations GmbH purchased a new position in eBay Inc. (NASDAQ:EBAY) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 4,170 shares of the e-commerce company’s stock, valued at approximately $258,000.

A number of other institutional investors have also modified their holdings of EBAY. Wellington Management Group LLP bought a new position in eBay in the third quarter worth about $105,506,000. Raymond James Financial Inc. bought a new stake in shares of eBay in the 4th quarter worth approximately $96,214,000. Boston Partners boosted its position in eBay by 35.2% during the 4th quarter. Boston Partners now owns 5,856,276 shares of the e-commerce company’s stock valued at $362,823,000 after purchasing an additional 1,524,691 shares during the period. Amundi grew its stake in eBay by 16.8% during the 4th quarter. Amundi now owns 4,719,128 shares of the e-commerce company’s stock worth $292,350,000 after buying an additional 677,389 shares during the last quarter. Finally, Norges Bank acquired a new stake in eBay in the fourth quarter worth $40,805,000. Institutional investors own 87.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Morgan Stanley boosted their price target on shares of eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Monday, January 13th. StockNews.com upgraded shares of eBay from a “hold” rating to a “buy” rating in a research report on Friday, February 28th. Benchmark raised their price target on shares of eBay from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. boosted their price objective on eBay from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, February 27th. Finally, Bank of America lowered their target price on eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $65.54.

Insider Activity at eBay

In other news, CEO Jamie Iannone sold 5,625 shares of the business’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 sale, the chief executive officer now owns 542,248 shares in the company, valued at $33,825,430.24. The trade was a 1.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Cornelius Boone sold 3,958 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The shares were 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 of the company’s stock, valued at approximately $6,329,927.52. This trade represents a 4.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,241 shares of company stock worth $1,061,665 in the last quarter. 0.38% of the stock is owned by company insiders.

eBay Price Performance

Shares of NASDAQ:EBAY opened at $67.16 on Friday. The company has a market capitalization of $31.30 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a fifty day moving average of $67.11 and a 200-day moving average of $64.89. eBay Inc. has a one year low of $48.52 and a one year high of $71.61.

eBay Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.73%. This is an increase from eBay’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, March 14th. eBay’s dividend payout ratio is currently 29.07%.

About eBay

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.