A number of other hedge funds and other institutional investors have also recently modified their holdings of EBAY. Wellington Management Group LLP purchased a new position in eBay in the third quarter valued at approximately $105,506,000. Allianz Asset Management GmbH lifted its stake in 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 purchasing an additional 463,015 shares during the last quarter. Lord Abbett & CO. LLC purchased a new position in eBay in the third quarter valued at approximately $25,132,000. Nordea Investment Management AB lifted its stake in eBay by 3.8% in the fourth quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock valued at $573,220,000 after purchasing an additional 335,035 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in eBay by 174.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 491,981 shares of the e-commerce company’s stock valued at $30,636,000 after purchasing an additional 312,644 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

EBAY opened at $70.51 on Friday. The stock has a market cap of $32.86 billion, a PE ratio of 17.72, a P/E/G ratio of 2.22 and a beta of 1.45. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 52 week low of $48.52 and a 52 week high of $71.61. The business’s fifty day simple moving average is $66.60 and its 200 day simple moving average is $64.18.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date is Friday, March 14th. This is a boost from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio is currently 29.07%.

In related news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total value of $378,281.25. Following the transaction, the chief executive officer now owns 530,998 shares of the company’s stock, valued at $35,709,615.50. This represents a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Cornelius Boone sold 3,989 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total transaction of $260,082.80. Following the sale, the senior vice president now owns 71,469 shares of the company’s stock, valued at approximately $4,659,778.80. The trade was a 5.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,524 shares of company stock valued at $1,390,509 over the last 90 days. 0.38% of the stock is owned by insiders.

Several equities analysts recently commented on the company. BMO Capital Markets upped their price objective on eBay from $59.00 to $63.00 and gave the company a “market perform” rating in a research note on Thursday, February 27th. StockNews.com upgraded eBay from a “hold” rating to a “buy” rating in a research note on Friday, February 28th. JMP Securities reiterated a “market perform” rating on shares of eBay in a research note on Monday, December 16th. Susquehanna boosted their target price on shares of eBay from $60.00 to $65.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Finally, UBS Group boosted their target price on shares of eBay from $66.00 to $72.00 and gave the company a “neutral” rating in a report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $65.54.

Get Our Latest Stock Report on eBay

(Free Report)

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.

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay and related companies with MarketBeat.com's FREE daily email newsletter.