Thrivent Financial for Lutherans Sells 58,178 Shares of eBay Inc. (NASDAQ:EBAY)

Thrivent Financial for Lutherans trimmed its holdings in eBay Inc. (NASDAQ:EBAY) by 3.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,840,541 shares of the e-commerce company’s stock after selling 58,178 shares during the period. Thrivent Financial for Lutherans owned 0.38% of eBay worth $114,022,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tocqueville Asset Management L.P. lifted its holdings in eBay by 0.7% during the 4th quarter. Tocqueville Asset Management L.P. now owns 83,007 shares of the e-commerce company’s stock valued at $5,142,000 after purchasing an additional 611 shares during the last quarter. Flagship Wealth Advisors LLC bought a new position in shares of eBay in the fourth quarter valued at about $61,000. TCTC Holdings LLC lifted its stake in shares of eBay by 0.8% during the 4th quarter. TCTC Holdings LLC now owns 73,380 shares of the e-commerce company’s stock worth $4,546,000 after buying an additional 601 shares during the last quarter. Cibc World Markets Corp boosted its holdings in shares of eBay by 18.5% during the 4th quarter. Cibc World Markets Corp now owns 79,503 shares of the e-commerce company’s stock worth $4,925,000 after buying an additional 12,391 shares during the period. Finally, Greenwich Wealth Management LLC boosted its holdings in shares of eBay by 1.4% during the 4th quarter. Greenwich Wealth Management LLC now owns 28,755 shares of the e-commerce company’s stock worth $1,781,000 after buying an additional 394 shares during the period. 87.48% of the stock is currently owned by institutional investors.

eBay Stock Up 3.3 %

Shares of NASDAQ EBAY opened at $67.44 on Tuesday. The company has a market cap of $31.43 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 2.22 and a beta of 1.45. 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 12 month low of $48.52 and a 12 month high of $71.61. The stock has a 50-day moving average price of $67.06 and a two-hundred day moving average price of $64.52.

eBay Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.72%. This is a boost from eBay’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, March 14th. eBay’s dividend payout ratio is currently 29.07%.

Insider Activity at eBay

In related news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $62.38, for a total transaction of $350,887.50. Following the sale, the chief executive officer now owns 542,248 shares in the company, valued at $33,825,430.24. The trade was a 1.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Stephen J. Priest sold 1,033 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $64.93, for a total value of $67,072.69. Following the completion of the transaction, the chief financial officer now owns 65,080 shares of the company’s stock, valued at $4,225,644.40. This represents a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,283 shares of company stock valued at $796,241 in the last quarter. Insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

EBAY has been the subject of several research reports. Citigroup raised their price objective on shares of eBay from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. JMP Securities reissued a “market perform” rating on shares of eBay in a report on Monday, December 16th. Needham & Company LLC restated a “buy” rating and issued a $72.00 price target on shares of eBay in a research note on Thursday, February 27th. Wedbush assumed coverage on eBay in a research report on Monday, December 9th. They set a “neutral” rating and a $70.00 price objective on the stock. Finally, Barclays set a $72.00 target price on shares of eBay and gave the company an “overweight” rating in a research 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’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus 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.