DnB Asset Management AS Raises Stake in eBay Inc. (NASDAQ:EBAY)

DnB Asset Management AS grew its holdings in eBay Inc. (NASDAQ:EBAY) by 0.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 97,769 shares of the e-commerce company’s stock after buying an additional 754 shares during the period. DnB Asset Management AS’s holdings in eBay were worth $6,057,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Nordea Investment Management AB lifted its holdings in shares of eBay by 3.8% during the fourth quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock worth $573,220,000 after purchasing an additional 335,035 shares during the period. Victory Capital Management Inc. lifted its stake in shares of eBay by 1.4% in the 4th quarter. Victory Capital Management Inc. now owns 5,936,508 shares of the e-commerce company’s stock worth $367,767,000 after acquiring an additional 82,904 shares during the period. Boston Partners boosted its holdings in shares of eBay by 35.2% in the fourth quarter. Boston Partners now owns 5,856,276 shares of the e-commerce company’s stock valued at $362,823,000 after acquiring an additional 1,524,691 shares in the last quarter. Amundi increased its stake in shares of eBay by 16.8% during the fourth quarter. Amundi now owns 4,719,128 shares of the e-commerce company’s stock worth $292,350,000 after acquiring an additional 677,389 shares during the period. Finally, Allianz Asset Management GmbH raised its holdings in eBay by 23.2% during the fourth quarter. Allianz Asset Management GmbH now owns 2,460,879 shares of the e-commerce company’s stock worth $152,451,000 after purchasing an additional 463,015 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Stock Up 0.5 %

EBAY stock opened at $67.16 on Monday. The company has a 50 day moving average price of $67.11 and a two-hundred day moving average price of $64.95. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market capitalization of $31.30 billion, a P/E ratio of 16.87, a PEG ratio of 2.22 and a beta of 1.45. eBay Inc. has a one year low of $48.52 and a one year high of $71.61.

eBay Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $0.29 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.73%. This is an increase from eBay’s previous quarterly dividend of $0.27. eBay’s payout ratio is currently 29.07%.

Analyst Ratings Changes

EBAY has been the topic of several recent analyst reports. Bank of America dropped their target price on eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a research report on Thursday, February 27th. Jefferies Financial Group cut eBay from a “hold” rating to an “underperform” rating and cut their price objective for the stock from $60.00 to $52.00 in a research report on Tuesday, December 10th. Cantor Fitzgerald raised their target price on eBay from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, February 27th. JMP Securities reaffirmed a “market perform” rating on shares of eBay in a research note on Monday, December 16th. Finally, JPMorgan Chase & Co. raised their price objective on shares of eBay from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, February 27th. Two equities 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 MarketBeat, the stock has an average rating of “Hold” and an average price target of $65.54.

Insider Activity at eBay

In other news, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $67.25, for a total transaction of $378,281.25. Following the completion of the transaction, the chief executive officer now owns 530,998 shares of the company’s stock, valued at $35,709,615.50. This represents a 1.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Stephen J. Priest sold 1,033 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $64.93, for a total transaction of $67,072.69. Following the completion of the sale, the chief financial officer now directly owns 65,080 shares in the company, 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. Over the last ninety days, insiders sold 16,241 shares of company stock worth $1,061,665. 0.38% of the stock is currently owned by insiders.

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.