Elo Mutual Pension Insurance Co Buys 7,520 Shares of eBay Inc. (NASDAQ:EBAY)

Elo Mutual Pension Insurance Co boosted its stake in eBay Inc. (NASDAQ:EBAY) by 17.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 51,833 shares of the e-commerce company’s stock after buying an additional 7,520 shares during the period. Elo Mutual Pension Insurance Co’s holdings in eBay were worth $3,211,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Golden State Wealth Management LLC acquired a new position in shares of eBay in the fourth quarter valued at approximately $27,000. Quarry LP bought a new position in eBay during the 3rd quarter worth $36,000. New Wave Wealth Advisors LLC acquired a new stake in shares of eBay during the fourth quarter worth $36,000. Lee Danner & Bass Inc. bought a new stake in shares of eBay in the fourth quarter valued at about $40,000. Finally, Versant Capital Management Inc grew its stake in shares of eBay by 115.5% in 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 in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Stock Performance

NASDAQ:EBAY opened at $67.16 on Friday. The stock’s 50-day moving average is $67.11 and its 200-day moving average is $64.89. eBay Inc. has a 1-year low of $48.52 and a 1-year high of $71.61. 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 stock has a market cap of $31.30 billion, a P/E ratio of 16.87, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45.

eBay Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $0.29 dividend. This is a boost from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 1.73%. The ex-dividend date was Friday, March 14th. eBay’s dividend payout ratio is 29.07%.

Insider Activity

In related news, SVP Cornelius Boone sold 3,958 shares of the firm’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 transaction, the senior vice president now directly owns 94,392 shares of the company’s stock, valued at $6,329,927.52. This trade represents a 4.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction dated 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 in the company, valued at $33,825,430.24. This trade represents a 1.03 % 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. Insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

EBAY has been the subject of several analyst reports. Cantor Fitzgerald lifted their price objective on shares of eBay from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. increased their price target on eBay from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, February 27th. StockNews.com upgraded eBay from a “hold” rating to a “buy” rating in a research report on Friday, February 28th. Jefferies Financial Group downgraded eBay from a “hold” rating to an “underperform” rating and dropped their price target for the company from $60.00 to $52.00 in a research note on Tuesday, December 10th. Finally, BMO Capital Markets raised their target price on shares of eBay from $59.00 to $63.00 and gave the company a “market perform” rating in a report on Thursday, February 27th. Two 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’s stock. According to data from MarketBeat.com, eBay currently has a consensus rating of “Hold” and a consensus target price of $65.54.

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.