SVB Wealth LLC Invests $1.31 Million in eBay Inc. (NASDAQ:EBAY)

SVB Wealth LLC purchased a new position in shares of eBay Inc. (NASDAQ:EBAY) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 21,152 shares of the e-commerce company’s stock, valued at approximately $1,310,000.

A number of other hedge funds have also modified their holdings of EBAY. Golden State Wealth Management LLC bought a new position in shares of eBay during the fourth quarter worth about $27,000. Quarry LP bought a new position in shares of eBay during the third quarter worth about $36,000. New Wave Wealth Advisors LLC bought a new position in shares of eBay during the fourth quarter worth about $36,000. Versant Capital Management Inc grew its holdings in shares of eBay by 115.5% during the fourth 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. Finally, FSA Wealth Management LLC bought a new position in shares of eBay during the third quarter worth about $55,000. 87.48% of the stock is currently owned by institutional investors.

eBay Stock Performance

EBAY opened at $64.74 on Monday. The business has a fifty day simple moving average of $66.22 and a 200 day simple moving average of $63.84. The company has a market capitalization of $31.01 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. eBay Inc. has a 1 year low of $48.04 and a 1 year high of $71.61. 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 Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.29 dividend. The ex-dividend date is Friday, March 14th. This is an increase from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 1.79%. eBay’s payout ratio is 29.07%.

Insider Activity at eBay

In other news, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total transaction of $355,556.25. Following the completion of the sale, the chief executive officer now directly owns 531,167 shares in the company, valued at approximately $33,575,066.07. This represents a 1.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Stephen J. Priest sold 5,252 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $63.63, for a total value of $334,184.76. Following the sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at approximately $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. Insiders sold 27,149 shares of company stock worth $1,746,065 in the last ninety days. 0.38% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on EBAY shares. Jefferies Financial Group downgraded eBay from a “hold” rating to an “underperform” rating and decreased their price objective for the stock from $60.00 to $52.00 in a report on Tuesday, December 10th. Needham & Company LLC restated a “buy” rating and issued a $72.00 price target on shares of eBay in a research note on Thursday. Cantor Fitzgerald raised their price target on eBay from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday. Stifel Nicolaus decreased their price target on eBay from $64.00 to $63.00 and set a “hold” rating for the company in a research note on Thursday. Finally, Barclays set a $72.00 price target on eBay and gave the company an “overweight” rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $65.33.

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.