eBay Inc. (NASDAQ:EBAY) Shares Bought by Cypress Wealth Services LLC

Cypress Wealth Services LLC increased its stake in eBay Inc. (NASDAQ:EBAY) by 4.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,488 shares of the e-commerce company’s stock after acquiring an additional 157 shares during the quarter. Cypress Wealth Services LLC’s holdings in eBay were worth $216,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of EBAY. Ameriprise Financial Inc. boosted its position in shares of eBay by 17.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock valued at $1,394,797,000 after purchasing an additional 3,880,649 shares during the period. Nordea Investment Management AB lifted its stake in eBay by 3.8% during the fourth quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock valued at $573,220,000 after buying an additional 335,035 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of eBay by 11.5% in the second quarter. Pacer Advisors Inc. now owns 6,573,579 shares of the e-commerce company’s stock worth $353,133,000 after buying an additional 679,528 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of eBay by 4.1% in the third 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 in the last quarter. Finally, Smead Capital Management Inc. raised its holdings in shares of eBay by 3.5% during the third 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. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at eBay

In other eBay 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 completion of the sale, the chief executive officer now directly owns 542,248 shares of the company’s stock, valued at $33,825,430.24. This represents a 1.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Stephen J. Priest sold 1,033 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $64.93, for a total transaction of $67,072.69. Following the transaction, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,225,644.40. The trade was a 1.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,149 shares of company stock valued at $1,704,778 in the last 90 days. 0.38% of the stock is currently owned by insiders.

eBay Stock Up 1.7 %

EBAY stock opened at $66.19 on Friday. The stock has a market capitalization of $31.71 billion, a price-to-earnings ratio of 16.63, a price-to-earnings-growth ratio of 2.10 and a beta of 1.35. The company has a 50-day moving average of $63.63 and a two-hundred day moving average of $60.97. eBay Inc. has a 52-week low of $40.33 and a 52-week high of $71.52. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.08 annualized dividend and a yield of 1.63%. eBay’s payout ratio is 27.14%.

Analysts Set New Price Targets

EBAY has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Robert W. Baird dropped their price target on eBay from $70.00 to $68.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Sanford C. Bernstein upgraded eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price objective for the company in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft dropped their target price on eBay from $70.00 to $63.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Finally, UBS Group decreased their price target on shares of eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price 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.