Acropolis Investment Management LLC Increases Holdings in eBay Inc. (NASDAQ:EBAY)

Acropolis Investment Management LLC increased its stake in eBay Inc. (NASDAQ:EBAY) by 3.8% in the 4th quarter, HoldingsChannel reports. The fund owned 22,811 shares of the e-commerce company’s stock after acquiring an additional 843 shares during the period. Acropolis Investment Management LLC’s holdings in eBay were worth $1,413,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. increased its position in eBay by 129.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,433 shares of the e-commerce company’s stock valued at $151,000 after acquiring an additional 1,372 shares during the last quarter. Park Avenue Securities LLC boosted its stake in shares of eBay by 21.7% during the 4th quarter. Park Avenue Securities LLC now owns 13,776 shares of the e-commerce company’s stock worth $853,000 after purchasing an additional 2,454 shares during the period. Kathmere Capital Management LLC grew its holdings in eBay by 1.2% during the 4th quarter. Kathmere Capital Management LLC now owns 14,250 shares of the e-commerce company’s stock valued at $883,000 after purchasing an additional 173 shares during the last quarter. 180 Wealth Advisors LLC raised its position in eBay by 2.7% in the 4th quarter. 180 Wealth Advisors LLC now owns 42,739 shares of the e-commerce company’s stock worth $2,648,000 after purchasing an additional 1,129 shares during the period. Finally, Greenfield Savings Bank purchased a new stake in eBay in the 4th quarter worth about $271,000. 87.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

EBAY has been the topic of a number of analyst reports. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $62.00 target price on shares of eBay in a research note on Monday, October 7th. Benchmark reiterated a “buy” rating and issued a $65.00 target price on shares of eBay in a research note on Tuesday, October 29th. Morgan Stanley boosted their target price on shares of eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Monday. Sanford C. Bernstein raised shares of eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a research note on Tuesday, November 5th. Finally, Robert W. Baird lowered their price objective on shares of eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $62.83.

Insiders Place Their Bets

In other news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction on 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. This represents a 1.03 % 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, CFO Stephen J. Priest sold 5,252 shares of the firm’s stock in a transaction 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 directly owns 65,080 shares of the company’s stock, valued at approximately $4,141,040.40. This trade represents a 7.47 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,116 shares of company stock valued at $1,637,705. Insiders own 0.38% of the company’s stock.

eBay Trading Down 2.0 %

Shares of NASDAQ:EBAY opened at $64.41 on Wednesday. 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 firm has a market capitalization of $30.85 billion, a P/E ratio of 16.18, a P/E/G ratio of 2.22 and a beta of 1.35. The business’s 50-day moving average is $63.40 and its 200 day moving average is $60.82. eBay Inc. has a 1 year low of $40.16 and a 1 year high of $71.52.

eBay Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date was Friday, November 29th. eBay’s dividend payout ratio (DPR) is presently 27.14%.

eBay 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.