Jupiter Asset Management Ltd. Trims Stake in eBay Inc. (NASDAQ:EBAY)

Jupiter Asset Management Ltd. decreased its holdings in eBay Inc. (NASDAQ:EBAY) by 8.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,077,083 shares of the e-commerce company’s stock after selling 98,126 shares during the period. Jupiter Asset Management Ltd. owned about 0.22% of eBay worth $66,725,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC grew its holdings in eBay by 9.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,874 shares of the e-commerce company’s stock worth $178,000 after purchasing an additional 250 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of eBay by 8.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 15,306 shares of the e-commerce company’s stock valued at $948,000 after buying an additional 1,205 shares during the last quarter. Moors & Cabot Inc. purchased a new stake in eBay in the 4th quarter worth approximately $366,000. Citizens Financial Group Inc. RI raised its position in shares of eBay by 0.4% in the fourth quarter. Citizens Financial Group Inc. RI now owns 117,857 shares of the e-commerce company’s stock worth $7,301,000 after acquiring an additional 429 shares during the period. Finally, Meriwether Wealth & Planning LLC purchased a new stake in shares of eBay in the fourth quarter valued at approximately $942,000. Institutional investors own 87.48% of the company’s stock.

eBay Price Performance

Shares of EBAY stock opened at $65.22 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 1 year low of $48.52 and a 1 year high of $71.61. The firm has a market capitalization of $30.39 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 2.22 and a beta of 1.45. The firm’s 50 day moving average is $66.79 and its 200-day moving average is $64.32.

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 paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.78%. This is an increase from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio is 29.07%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on EBAY. JPMorgan Chase & Co. boosted their price target on eBay from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, February 27th. Barclays set a $72.00 price objective on shares of eBay and gave the company an “overweight” rating in a research note on Thursday, February 27th. Stifel Nicolaus decreased their target price on shares of eBay from $64.00 to $63.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. UBS Group increased their price target on eBay from $66.00 to $72.00 and gave the company a “neutral” rating in a report on Monday, February 24th. Finally, Citigroup raised their target price on eBay from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Two 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.com, the company currently has a consensus rating of “Hold” and a consensus price target of $65.54.

Insider Buying and Selling at eBay

In other eBay news, CFO Stephen J. Priest sold 5,252 shares of the 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 directly owns 65,080 shares in the company, valued at approximately $4,141,040.40. This trade represents a 7.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the 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 sale, the chief executive officer now owns 530,998 shares in the company, valued at approximately $35,709,615.50. This trade represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,524 shares of company stock valued at $1,390,509. 0.38% of the stock is currently owned by company insiders.

eBay Company 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.