iA Global Asset Management Inc. Trims Holdings in eBay Inc. (NASDAQ:EBAY)

iA Global Asset Management Inc. trimmed its position in shares of eBay Inc. (NASDAQ:EBAY) by 57.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 7,415 shares of the e-commerce company’s stock after selling 10,176 shares during the period. iA Global Asset Management Inc.’s holdings in eBay were worth $459,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of EBAY. Golden State Wealth Management LLC purchased a new stake in eBay during the 4th quarter valued at about $27,000. Quarry LP purchased a new stake in eBay during the 3rd quarter valued at about $36,000. New Wave Wealth Advisors LLC purchased a new stake in eBay during the 4th quarter valued at about $36,000. Versant Capital Management Inc grew its position in eBay by 115.5% during the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after purchasing an additional 448 shares during the last quarter. Finally, Washington Trust Advisors Inc. grew its position in eBay by 37.8% during the 4th quarter. Washington Trust Advisors Inc. now owns 839 shares of the e-commerce company’s stock valued at $52,000 after purchasing an additional 230 shares during the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Stock Performance

EBAY opened at $65.78 on Friday. 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 company has a market cap of $30.65 billion, a price-to-earnings ratio of 16.53, a PEG ratio of 2.22 and a beta of 1.45. The company’s 50 day moving average is $66.99 and its 200 day moving average is $64.68.

eBay Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.16 annualized dividend and a yield of 1.76%. This is an increase from eBay’s previous quarterly dividend of $0.27. eBay’s payout ratio is currently 29.07%.

Insider Buying and Selling at eBay

In other eBay news, CFO Stephen J. Priest sold 1,033 shares of eBay stock in a transaction that occurred on 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 owns 65,080 shares of the company’s stock, valued at $4,225,644.40. The trade was a 1.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total transaction of $350,887.50. Following the transaction, the chief executive officer now directly owns 542,248 shares in the company, valued at $33,825,430.24. This represents a 1.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,241 shares of company stock valued at $1,061,665 over the last 90 days. 0.38% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Barclays set a $72.00 price objective on shares of eBay and gave the company an “overweight” rating in a research report on Thursday, February 27th. Benchmark upped their target price on shares of eBay from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Susquehanna upped their target price on shares of eBay from $60.00 to $65.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. JMP Securities restated a “market perform” rating on shares of eBay in a research note on Monday, December 16th. Finally, StockNews.com upgraded shares of eBay from a “hold” rating to a “buy” rating in a research note on Friday, February 28th. 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, the company presently has an average rating of “Hold” and a consensus target price 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.