41,553 Shares in eBay Inc. (NASDAQ:EBAY) Purchased by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC acquired a new position in eBay Inc. (NASDAQ:EBAY) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 41,553 shares of the e-commerce company’s stock, valued at approximately $2,574,000.

Other hedge funds have also modified their holdings of the company. Golden State Wealth Management LLC bought a new position in eBay during the fourth quarter valued at $27,000. Quarry LP bought a new position in shares of eBay in the 3rd quarter valued at about $36,000. New Wave Wealth Advisors LLC purchased a new position in eBay in the fourth quarter worth about $36,000. Lee Danner & Bass Inc. bought a new stake in eBay during the fourth quarter worth approximately $40,000. Finally, Versant Capital Management Inc raised its position in eBay by 115.5% during the fourth 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 period. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Price Performance

NASDAQ EBAY opened at $67.16 on Friday. The company has a market cap of $31.30 billion, a PE ratio of 16.87, a P/E/G ratio of 2.22 and a beta of 1.45. The firm’s 50 day moving average price is $67.11 and its 200-day moving average price is $64.92. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a 52-week low of $48.52 and a 52-week high of $71.61.

eBay Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio (DPR) is 29.07%.

Insider Activity

In other 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 value 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 542,248 shares of the company’s stock, valued at approximately $33,825,430.24. This trade represents a 1.03 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,241 shares of company stock worth $1,061,665. 0.38% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

EBAY has been the subject of a number of recent research reports. Jefferies Financial Group cut eBay from a “hold” rating to an “underperform” rating and dropped their target price for the stock from $60.00 to $52.00 in a report on Tuesday, December 10th. Cantor Fitzgerald increased their target price on shares of eBay from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, February 27th. Benchmark raised their target price on shares of eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Barclays set a $72.00 price target on shares of eBay and gave the company an “overweight” rating in a report on Thursday, February 27th. Finally, BMO Capital Markets raised their price objective on shares of eBay from $59.00 to $63.00 and gave the stock a “market perform” rating in a research note on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $65.54.

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.