eBay Inc. (NASDAQ:EBAY) Shares Bought by World Investment Advisors

World Investment Advisors grew its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 7.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,657 shares of the e-commerce company’s stock after buying an additional 3,390 shares during the period. World Investment Advisors’ holdings in eBay were worth $3,014,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Golden State Wealth Management LLC bought a new stake in eBay during the 4th quarter valued at $27,000. Quarry LP acquired a new position in shares of eBay during the third quarter valued at $36,000. New Wave Wealth Advisors LLC bought a new stake in shares of eBay during the fourth quarter valued at about $36,000. Lee Danner & Bass Inc. acquired a new stake in eBay in the fourth quarter worth about $40,000. Finally, Versant Capital Management Inc grew its position 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 in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Stock Performance

Shares of EBAY stock opened at $62.40 on Friday. 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 $67.26 and its two-hundred day moving average is $65.03. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market cap of $29.08 billion, a P/E ratio of 15.68, a PEG ratio of 2.22 and a beta of 1.43.

eBay Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors 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 1.86%. The ex-dividend date was Friday, March 14th. This is a positive change from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio (DPR) is presently 29.07%.

Insider Buying and Selling at eBay

In other eBay news, SVP Cornelius Boone sold 3,958 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total transaction of $265,423.48. Following the transaction, the senior vice president now directly owns 94,392 shares of the company’s stock, valued at $6,329,927.52. This represents a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Stephen J. Priest sold 28,060 shares of the business’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $67.82, for a total value of $1,903,029.20. Following the completion of the sale, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at $4,413,725.60. This represents a 30.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,676 shares of company stock worth $2,613,807 over the last ninety days. 0.38% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have commented on EBAY shares. Cantor Fitzgerald boosted their price target on shares of eBay from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, February 27th. Stifel Nicolaus cut their target price on eBay from $64.00 to $63.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. Wedbush assumed coverage on eBay in a research note on Monday, December 9th. They set a “neutral” rating and a $70.00 price target for the company. JMP Securities reissued a “market perform” rating on shares of eBay in a research note on Monday, December 16th. Finally, Barclays set a $72.00 price objective on eBay and gave the company an “overweight” rating in a report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $65.46.

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.