Ballentine Partners LLC Has $731,000 Position in eBay Inc. (NASDAQ:EBAY)

Ballentine Partners LLC boosted its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 2.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 11,806 shares of the e-commerce company’s stock after acquiring an additional 315 shares during the period. Ballentine Partners LLC’s holdings in eBay were worth $731,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Quarry LP acquired a new stake in shares of eBay during the third quarter worth $36,000. USA Financial Formulas bought a new stake in shares of eBay in the 3rd quarter valued at about $38,000. Northwest Investment Counselors LLC acquired a new stake in shares of eBay in the 3rd quarter valued at approximately $50,000. Versant Capital Management Inc boosted its stake in eBay by 115.5% during the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after acquiring an additional 448 shares during the last quarter. Finally, Financial Management Professionals Inc. grew its holdings in eBay by 276.0% during the third quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock valued at $55,000 after purchasing an additional 621 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insider Transactions at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Monday, November 4th. The shares were sold at an average price of $59.91, for a total transaction of $336,993.75. Following the completion of the transaction, the chief executive officer now directly owns 548,042 shares of the company’s stock, valued at $32,833,196.22. The trade was a 1.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Stephen J. Priest sold 5,252 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $63.63, for a total transaction of $334,184.76. Following the completion of the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,141,040.40. The trade was a 7.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 27,149 shares of company stock worth $1,704,778. 0.38% of the stock is owned by company insiders.

eBay Stock Down 1.2 %

Shares of EBAY stock opened at $63.88 on Thursday. eBay Inc. has a 52-week low of $40.74 and a 52-week high of $71.52. The stock has a market cap of $30.60 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 2.10 and a beta of 1.35. The firm’s 50-day moving average is $63.77 and its 200-day moving average is $61.27. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a $0.27 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.69%. eBay’s payout ratio is 27.14%.

Analyst Ratings Changes

Several equities research analysts have weighed in on EBAY shares. JMP Securities reiterated a “market perform” rating on shares of eBay in a report on Monday, December 16th. Stifel Nicolaus lifted their target price on eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Morgan Stanley boosted their target price on eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. dropped their price target on eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Finally, Bank of America decreased their price objective on eBay from $67.00 to $64.00 and set a “neutral” 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 issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $62.83.

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.