Sei Investments Co. Buys 52,153 Shares of eBay Inc. (NASDAQ:EBAY)

Sei Investments Co. increased its stake in shares of eBay Inc. (NASDAQ:EBAY) by 18.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 338,318 shares of the e-commerce company’s stock after buying an additional 52,153 shares during the quarter. Sei Investments Co.’s holdings in eBay were worth $20,959,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC bought a new stake in shares of eBay in the 4th quarter worth $27,000. Quarry LP purchased a new position in eBay during the third quarter worth about $36,000. New Wave Wealth Advisors LLC bought a new stake in eBay in the 4th quarter worth about $36,000. Lee Danner & Bass Inc. bought a new stake in eBay in the 4th quarter worth about $40,000. Finally, Versant Capital Management Inc increased its stake in eBay by 115.5% in the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after buying an additional 448 shares during the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Price Performance

EBAY stock opened at $65.58 on Thursday. The firm has a 50 day moving average of $67.05 and a 200-day moving average of $64.83. 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 firm has a market capitalization of $30.56 billion, a P/E ratio of 16.48, a price-to-earnings-growth 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 company 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 is Friday, March 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.77%. This is a boost from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio is presently 29.07%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Cantor Fitzgerald boosted their target price on eBay from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, February 27th. Morgan Stanley upped their price objective on eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. lifted their target price on eBay from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, February 27th. Stifel Nicolaus reduced their price target on shares of eBay from $64.00 to $63.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. Finally, Barclays set a $72.00 price objective on shares of eBay and gave the stock an “overweight” rating in a report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $65.54.

Insider Buying and Selling

In other eBay news, CFO Stephen J. Priest sold 1,033 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $64.93, for a total value of $67,072.69. Following the sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at $4,225,644.40. This trade represents a 1.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $67.25, for a total value of $378,281.25. Following the transaction, the chief executive officer now directly owns 530,998 shares of the company’s stock, valued at $35,709,615.50. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,241 shares of company stock worth $1,061,665. Corporate insiders own 0.38% of the company’s stock.

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.