NEOS Investment Management LLC Raises Stock Holdings in eBay Inc. (NASDAQ:EBAY)

NEOS Investment Management LLC boosted its position in shares of eBay Inc. (NASDAQ:EBAY) by 31.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 31,186 shares of the e-commerce company’s stock after acquiring an additional 7,466 shares during the quarter. NEOS Investment Management LLC’s holdings in eBay were worth $1,932,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Townsquare Capital LLC lifted its holdings in shares of eBay by 17.9% during the third quarter. Townsquare Capital LLC now owns 22,675 shares of the e-commerce company’s stock worth $1,476,000 after purchasing an additional 3,450 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in eBay by 4.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,447,627 shares of the e-commerce company’s stock valued at $354,695,000 after acquiring an additional 216,162 shares during the period. Public Sector Pension Investment Board lifted its stake in eBay by 9.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 19,555 shares of the e-commerce company’s stock valued at $1,273,000 after acquiring an additional 1,700 shares during the period. Northwest & Ethical Investments L.P. purchased a new stake in shares of eBay in the 3rd quarter valued at $4,486,000. Finally, Atlantic Union Bankshares Corp increased its stake in shares of eBay by 7.1% in the third quarter. Atlantic Union Bankshares Corp now owns 49,616 shares of the e-commerce company’s stock worth $3,230,000 after acquiring an additional 3,273 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on EBAY. StockNews.com upgraded shares of eBay from a “hold” rating to a “buy” rating in a research report on Friday, February 28th. Wedbush initiated coverage on eBay in a report on Monday, December 9th. They issued a “neutral” rating and a $70.00 price objective for the company. Cantor Fitzgerald raised their target price on eBay from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, February 27th. Barclays set a $72.00 price target on eBay and gave the company an “overweight” rating in a research report on Thursday, February 27th. Finally, Needham & Company LLC restated a “buy” rating and issued a $72.00 price objective on shares of eBay in a research report on Thursday, February 27th. Two 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. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $65.54.

eBay Stock Performance

Shares of NASDAQ:EBAY opened at $67.16 on Friday. 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 Inc. has a 1 year low of $48.52 and a 1 year high of $71.61. The firm has a market capitalization of $31.30 billion, a PE ratio of 16.87, a P/E/G ratio of 2.22 and a beta of 1.45. The business’s 50 day moving average price is $67.11 and its 200-day moving average price is $64.89.

eBay Increases Dividend

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

Insider Transactions at eBay

In related news, SVP Cornelius Boone sold 3,958 shares of the business’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total transaction of $265,423.48. Following the transaction, the senior vice president now directly owns 94,392 shares in the company, valued at approximately $6,329,927.52. The trade was a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Stephen J. Priest sold 1,033 shares of the stock in a transaction dated 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 owns 65,080 shares of the company’s stock, valued at approximately $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 16,241 shares of company stock valued at $1,061,665 over the last 90 days. 0.38% of the stock is currently owned by corporate insiders.

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.