Borer Denton & Associates Inc. Purchases 238 Shares of eBay Inc. (NASDAQ:EBAY)

Borer Denton & Associates Inc. lifted its stake in eBay Inc. (NASDAQ:EBAY) by 1.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 21,073 shares of the e-commerce company’s stock after buying an additional 238 shares during the quarter. Borer Denton & Associates Inc.’s holdings in eBay were worth $1,305,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Murphy & Mullick Capital Management Corp bought a new stake in eBay in the fourth quarter valued at approximately $198,000. Meiji Yasuda Asset Management Co Ltd. increased its holdings in eBay by 6.3% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 17,611 shares of the e-commerce company’s stock worth $1,091,000 after buying an additional 1,046 shares during the last quarter. Congress Wealth Management LLC DE grew its position in shares of eBay by 9.1% in the 4th quarter. Congress Wealth Management LLC DE now owns 5,412 shares of the e-commerce company’s stock valued at $335,000 after acquiring an additional 451 shares during the period. Twin City Private Wealth LLC raised its stake in eBay by 6.0% in the fourth quarter. Twin City Private Wealth LLC now owns 10,654 shares of the e-commerce company’s stock valued at $660,000 after buying an additional 607 shares during the period. Finally, LPL Financial LLC increased its stake in eBay by 15.9% during the 4th quarter. LPL Financial LLC now owns 319,118 shares of the e-commerce company’s stock worth $19,769,000 after acquiring an additional 43,675 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

Analysts Set New Price Targets

EBAY has been the subject of several analyst reports. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of eBay in a research report on Thursday, February 27th. Needham & Company LLC reissued a “buy” rating and issued a $72.00 price target on shares of eBay in a research report on Thursday, February 27th. Wedbush initiated coverage on shares of eBay in a report on Monday, December 9th. They issued a “neutral” rating and a $70.00 price target on the stock. Susquehanna boosted their price target on shares of eBay from $60.00 to $65.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of eBay from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $65.54.

Insider Transactions at eBay

In other news, SVP Cornelius Boone sold 3,958 shares of eBay stock in a transaction dated 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 sale, the senior vice president now owns 94,392 shares in the company, valued at approximately $6,329,927.52. This trade represents a 4.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jamie Iannone sold 5,625 shares of the firm’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 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 position. The disclosure for this sale can be found here. Insiders have sold 16,241 shares of company stock worth $1,061,665 in the last 90 days. Insiders own 0.38% of the company’s stock.

eBay Stock Performance

Shares of EBAY stock opened at $66.30 on Wednesday. eBay Inc. has a one year low of $48.52 and a one year high of $71.61. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The business’s 50 day simple moving average is $67.04 and its 200 day simple moving average is $64.82. The stock has a market capitalization of $30.90 billion, a PE ratio of 16.66, a PEG ratio of 2.22 and a beta of 1.45.

eBay Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.75%. This is an increase from eBay’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, March 14th. eBay’s payout ratio is currently 29.07%.

eBay Company Profile

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.