eBay Inc. (NASDAQ:EBAY) Position Lessened by Vanguard Group Inc.

Vanguard Group Inc. cut its stake in eBay Inc. (NASDAQ:EBAY) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,615,508 shares of the e-commerce company’s stock after selling 876,187 shares during the period. Vanguard Group Inc. owned 12.45% of eBay worth $3,693,181,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC acquired a new stake in shares of eBay in the 4th quarter worth about $27,000. Quarry LP acquired a new stake in shares of eBay in the third quarter valued at approximately $36,000. New Wave Wealth Advisors LLC bought a new stake in shares of eBay during the fourth quarter valued at approximately $36,000. Lee Danner & Bass Inc. acquired a new position in shares of eBay during the fourth quarter worth approximately $40,000. Finally, Versant Capital Management Inc grew its holdings in eBay by 115.5% in the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after buying an additional 448 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EBAY has been the subject of a number of analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $72.00 price target on shares of eBay in a research report on Thursday, February 27th. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of eBay in a report on Thursday, February 27th. JPMorgan Chase & Co. raised their target price on shares of eBay from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, February 27th. Jefferies Financial Group lowered shares of eBay from a “hold” rating to an “underperform” rating and reduced their price target for the stock from $60.00 to $52.00 in a research note on Tuesday, December 10th. Finally, Wedbush initiated coverage on shares of eBay in a research note on Monday, December 9th. They set a “neutral” rating and a $70.00 price objective on the stock. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $65.54.

eBay Price Performance

Shares of EBAY opened at $66.54 on Tuesday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market cap of $31.01 billion, a PE ratio of 16.72, a PEG ratio of 2.22 and a beta of 1.45. The firm’s 50 day moving average price is $67.01 and its 200 day moving average price is $64.77. eBay Inc. has a twelve month low of $48.52 and a twelve month high of $71.61.

eBay Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.74%. 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 dividend payout ratio is presently 29.07%.

Insider Buying and Selling at eBay

In other news, CFO Stephen J. Priest sold 1,033 shares of eBay stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $64.93, for a total value of $67,072.69. Following the transaction, the chief financial officer now owns 65,080 shares of the company’s stock, valued at $4,225,644.40. This trade represents a 1.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total transaction of $378,281.25. Following the completion of the transaction, the chief executive officer now owns 530,998 shares in the company, valued at $35,709,615.50. This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,241 shares of company stock worth $1,061,665 over the last three months. Corporate insiders own 0.38% of the company’s stock.

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.