Greenwich Wealth Management LLC Raises Stake in eBay Inc. (NASDAQ:EBAY)

Greenwich Wealth Management LLC raised its position in shares of eBay Inc. (NASDAQ:EBAY) by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,755 shares of the e-commerce company’s stock after purchasing an additional 394 shares during the quarter. Greenwich Wealth Management LLC’s holdings in eBay were worth $1,781,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. lifted its holdings in eBay by 9.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 29,937 shares of the e-commerce company’s stock valued at $1,855,000 after purchasing an additional 2,589 shares in the last quarter. Choate Investment Advisors lifted its holdings in eBay by 4.8% during the fourth quarter. Choate Investment Advisors now owns 13,220 shares of the e-commerce company’s stock valued at $819,000 after purchasing an additional 609 shares in the last quarter. Frank Rimerman Advisors LLC lifted its holdings in eBay by 6.0% during the fourth quarter. Frank Rimerman Advisors LLC now owns 6,148 shares of the e-commerce company’s stock valued at $381,000 after purchasing an additional 347 shares in the last quarter. Atala Financial Inc purchased a new position in eBay during the fourth quarter valued at approximately $110,000. Finally, Commonwealth Equity Services LLC lifted its holdings in eBay by 0.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 50,904 shares of the e-commerce company’s stock valued at $3,154,000 after purchasing an additional 238 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on EBAY. Cantor Fitzgerald boosted their target price on shares of eBay from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, February 27th. Wells Fargo & Company reissued an “equal weight” rating on shares of eBay in a report on Thursday, February 27th. UBS Group boosted their target price on shares of eBay from $66.00 to $72.00 and gave the stock a “neutral” rating in a report on Monday, February 24th. Wedbush began coverage on shares of eBay in a report on Monday, December 9th. They issued a “neutral” rating and a $70.00 target price on the stock. Finally, Needham & Company LLC reissued a “buy” rating and issued a $72.00 target price on shares of eBay in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, eBay has a consensus rating of “Hold” and a consensus target price of $65.54.

Insider Transactions at eBay

In related news, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $67.25, for a total value of $378,281.25. Following the completion of the sale, the chief executive officer now directly owns 530,998 shares of the company’s stock, valued at $35,709,615.50. This represents a 1.05 % 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 1,033 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $64.93, for a total transaction of $67,072.69. Following the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,225,644.40. This trade represents a 1.56 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,524 shares of company stock worth $1,390,509. Insiders own 0.38% of the company’s stock.

eBay Trading Up 1.6 %

NASDAQ EBAY opened at $65.28 on Friday. The company’s 50-day moving average price is $66.97 and its 200-day moving average price is $64.41. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The stock has a market cap of $30.42 billion, a PE ratio of 16.40, a PEG ratio of 2.22 and a beta of 1.45. eBay Inc. has a 12 month low of $48.52 and a 12 month high of $71.61.

eBay Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.78%. eBay’s dividend payout ratio is presently 29.07%.

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.