eBay Inc. (NASDAQ:EBAY) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its stake in shares of eBay Inc. (NASDAQ:EBAY) by 0.2% during the fourth quarter, Holdings Channel reports. The firm owned 12,584,067 shares of the e-commerce company’s stock after buying an additional 20,431 shares during the period. Geode Capital Management LLC’s holdings in eBay were worth $778,229,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. HighPoint Advisor Group LLC increased its position in eBay by 4.6% in the fourth quarter. HighPoint Advisor Group LLC now owns 3,904 shares of the e-commerce company’s stock worth $267,000 after buying an additional 172 shares during the period. Franklin Resources Inc. increased its holdings in shares of eBay by 12.7% in the 4th quarter. Franklin Resources Inc. now owns 883,986 shares of the e-commerce company’s stock worth $54,763,000 after acquiring an additional 99,608 shares during the period. FSB Premier Wealth Management Inc. lifted its position in eBay by 16.1% in the 4th quarter. FSB Premier Wealth Management Inc. now owns 15,799 shares of the e-commerce company’s stock valued at $979,000 after purchasing an additional 2,196 shares during the last quarter. Brandywine Global Investment Management LLC boosted its stake in eBay by 49.7% during the 4th quarter. Brandywine Global Investment Management LLC now owns 665,814 shares of the e-commerce company’s stock valued at $41,247,000 after purchasing an additional 221,129 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its stake in eBay by 34.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 4,330 shares of the e-commerce company’s stock valued at $268,000 after purchasing an additional 1,105 shares during the period. Institutional investors own 87.48% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Cornelius Boone sold 3,958 shares of eBay stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total value of $265,423.48. Following the transaction, the senior vice president now owns 94,392 shares in the company, valued at $6,329,927.52. This trade represents a 4.02 % decrease in their position. The sale 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 company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $64.93, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,616 shares of company stock valued at $710,777 over the last 90 days. 0.38% of the stock is currently owned by company insiders.

eBay Price Performance

NASDAQ EBAY opened at $67.42 on Thursday. eBay Inc. has a fifty-two week low of $48.52 and a fifty-two week high of $71.61. The stock’s 50-day moving average is $67.27 and its two-hundred day moving average is $65.03. The firm has a market cap of $31.42 billion, a P/E ratio of 16.94, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25.

eBay Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.29 dividend. This is a positive change from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend was Friday, March 14th. eBay’s payout ratio is 29.07%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on EBAY. Wedbush began coverage on eBay in a report on Monday, December 9th. They set a “neutral” rating and a $70.00 price target on the stock. Benchmark lifted their target price on eBay from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. UBS Group increased their price target on eBay from $66.00 to $72.00 and gave the stock a “neutral” rating in a research note on Monday, February 24th. Wells Fargo & Company cut their price objective on shares of eBay from $64.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, JMP Securities reiterated a “market perform” rating on shares of eBay in a research report on Monday, December 16th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, eBay presently has a consensus rating of “Hold” and an average price target of $65.46.

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.