River Global Investors LLP Trims Position in eBay Inc. (NASDAQ:EBAY)
River Global Investors LLP trimmed its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 49.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,649 shares of the e-commerce company's stock after selling 17,422 shares during the period. River Global Investors LLP's holdings in eBay were worth $1,094,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the company. Nordea Investment Management AB boosted its holdings in shares of 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 worth $573,220,000 after buying an additional 335,035 shares during the last quarter. Victory Capital Management Inc. raised its position in eBay by 1.4% in the fourth quarter. Victory Capital Management Inc. now owns 5,936,508 shares of the e-commerce company's stock worth $367,767,000 after acquiring an additional 82,904 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of 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 worth $354,695,000 after acquiring an additional 216,162 shares during the last quarter. Smead Capital Management Inc. grew its position in shares of eBay by 3.5% during the 3rd quarter. Smead Capital Management Inc. now owns 3,725,760 shares of the e-commerce company's stock valued at $242,584,000 after acquiring an additional 125,708 shares during the period. Finally, Allianz Asset Management GmbH grew its position in shares of eBay by 23.2% during the 4th quarter. Allianz Asset Management GmbH now owns 2,460,879 shares of the e-commerce company's stock valued at $152,451,000 after acquiring an additional 463,015 shares during the period. 87.48% of the stock is currently owned by institutional investors.
In other news, CFO Stephen J. Priest sold 5,252 shares of the business's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $63.63, for a total transaction of $334,184.76. Following the transaction, the chief financial officer now owns 65,080 shares of the company's stock, valued at approximately $4,141,040.40. The trade was a 7.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Cornelius Boone sold 3,989 shares of the firm's stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total value of $260,082.80. Following the completion of the sale, the senior vice president now owns 71,469 shares of the company's stock, valued at approximately $4,659,778.80. This represents a 5.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,524 shares of company stock worth $1,390,509. 0.38% of the stock is currently owned by corporate insiders.
Shares of EBAY opened at $70.51 on Friday. The stock has a market capitalization 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's fifty day moving average is $66.60 and its 200 day moving average is $64.13. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a fifty-two week low of $48.52 and a fifty-two week high of $71.61.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from eBay's previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.65%. eBay's payout ratio is 29.07%.
Several equities analysts recently weighed in on EBAY shares. Stifel Nicolaus lowered their target price on eBay from $64.00 to $63.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. Needham & Company LLC reaffirmed a "buy" rating and set a $72.00 price objective on shares of eBay in a research report on Thursday, February 27th. Wells Fargo & Company boosted their price objective on eBay from $61.00 to $64.00 and gave the company an "equal weight" rating in a research note on Thursday, February 27th. StockNews.com upgraded shares of eBay from a "hold" rating to a "buy" rating in a research note on Friday, February 28th. Finally, Wedbush started coverage on shares of eBay in a report on Monday, December 9th. They set a "neutral" rating and a $70.00 price target on the stock. 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 stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $65.54.
View Our Latest Analysis on 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.
Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eBay Inc. (NASDAQ:EBAY - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider eBay, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and eBay wasn't on the list.
While eBay currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio?
