Pitcairn Co. Purchases 576 Shares of eBay Inc. (NASDAQ:EBAY)

Pitcairn Co. grew its position in shares of eBay Inc. (NASDAQ:EBAY) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,572 shares of the e-commerce company’s stock after acquiring an additional 576 shares during the period. Pitcairn Co.’s holdings in eBay were worth $4,558,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP purchased a new position in shares of eBay during the third quarter valued at approximately $105,506,000. Raymond James Financial Inc. bought a new position in eBay in the 4th quarter worth $96,214,000. Boston Partners lifted its position in shares of eBay by 35.2% in the 4th quarter. Boston Partners now owns 5,856,276 shares of the e-commerce company’s stock worth $362,823,000 after purchasing an additional 1,524,691 shares during the period. Amundi boosted its stake in shares of eBay by 16.8% during the 4th quarter. Amundi now owns 4,719,128 shares of the e-commerce company’s stock valued at $292,350,000 after purchasing an additional 677,389 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of eBay during the fourth quarter valued at about $40,805,000. 87.48% of the stock is owned by institutional investors.

Insider Activity

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the company’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 completion of the sale, the chief executive officer now owns 530,998 shares in the company, valued at $35,709,615.50. This represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Stephen J. Priest sold 1,033 shares of eBay stock in a transaction dated 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 directly owns 65,080 shares in the company, valued at approximately $4,225,644.40. The trade was 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 in the last quarter. 0.38% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on EBAY. JPMorgan Chase & Co. raised their price objective on shares of eBay from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, February 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $72.00 price target on shares of eBay in a research note on Thursday, February 27th. Bank of America dropped their target price on shares of eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a report on Thursday, February 27th. Wedbush began coverage on shares of eBay in a research report on Monday, December 9th. They issued a “neutral” rating and a $70.00 target price on the stock. Finally, Susquehanna boosted their price objective on shares of eBay from $60.00 to $65.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $65.46.

eBay Stock Performance

EBAY stock opened at $67.42 on Thursday. The company 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 Inc. has a 1 year low of $48.52 and a 1 year high of $71.61. The stock’s fifty day moving average price is $67.27 and its 200-day moving average price is $65.03.

eBay Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.29 per share. This is an increase from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date was Friday, March 14th. eBay’s payout ratio is currently 29.07%.

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.