FSB Premier Wealth Management Inc. Grows Holdings in eBay Inc. (NASDAQ:EBAY)

FSB Premier Wealth Management Inc. lifted its stake in shares of eBay Inc. (NASDAQ:EBAY) by 16.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,799 shares of the e-commerce company’s stock after buying an additional 2,196 shares during the quarter. FSB Premier Wealth Management Inc.’s holdings in eBay were worth $979,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brandywine Global Investment Management LLC grew its position in eBay by 49.7% in the 4th quarter. Brandywine Global Investment Management LLC now owns 665,814 shares of the e-commerce company’s stock worth $41,247,000 after purchasing an additional 221,129 shares during the last quarter. CIBC Private Wealth Group LLC raised its position in shares of eBay by 34.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 4,330 shares of the e-commerce company’s stock worth $268,000 after purchasing an additional 1,105 shares during the period. Allianz SE purchased a new stake in eBay during the fourth quarter valued at about $168,000. Allstate Corp purchased a new position in eBay during the 4th quarter worth approximately $888,000. Finally, Maridea Wealth Management LLC acquired a new position in eBay during the fourth quarter valued at $324,000. Institutional investors own 87.48% of the company’s stock.

eBay Stock Up 0.5 %

NASDAQ EBAY opened at $67.16 on Monday. eBay Inc. has a 52 week low of $48.52 and a 52 week high of $71.61. The company has a market capitalization of $31.30 billion, a P/E ratio of 16.87, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45. The stock’s 50-day moving average price is $67.11 and its 200-day moving average price is $64.95. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a $0.29 dividend. This is an increase from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend was Friday, March 14th. eBay’s payout ratio is currently 29.07%.

Insider Activity

In other news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $67.25, for a total value of $378,281.25. Following the transaction, the chief executive officer now owns 530,998 shares of the company’s stock, valued at $35,709,615.50. The trade was a 1.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Cornelius Boone sold 3,958 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total transaction of $265,423.48. Following the completion of the transaction, the senior vice president now directly owns 94,392 shares of the company’s stock, valued at $6,329,927.52. The trade was a 4.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,241 shares of company stock worth $1,061,665. 0.38% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on EBAY. JMP Securities reaffirmed a “market perform” rating on shares of eBay in a research report on Monday, December 16th. Needham & Company LLC restated a “buy” rating and set a $72.00 target price on shares of eBay in a research note on Thursday, February 27th. BMO Capital Markets increased their target price on shares of eBay from $59.00 to $63.00 and gave the company a “market perform” rating in a research note on Thursday, February 27th. Wedbush began coverage on shares of eBay in a research note on Monday, December 9th. They issued a “neutral” rating and a $70.00 price objective for the company. Finally, Citigroup increased their price objective on eBay from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, eBay has an average rating of “Hold” and an average price target of $65.54.

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.