eBay Inc. (NASDAQ:EBAY) Stock Position Raised by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 7.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,266,355 shares of the e-commerce company’s stock after acquiring an additional 91,185 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.26% of eBay worth $78,451,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Smithfield Trust Co lifted its holdings in shares of eBay by 3.6% in the 4th quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company’s stock worth $274,000 after purchasing an additional 153 shares during the last quarter. Cypress Wealth Services LLC grew its position in shares of eBay by 4.7% during the fourth quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company’s stock worth $216,000 after acquiring an additional 157 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of eBay by 7.2% in the 4th quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company’s stock worth $150,000 after acquiring an additional 163 shares during the period. Capital Investment Advisors LLC lifted its position in eBay by 4.1% in the 4th quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company’s stock valued at $262,000 after purchasing an additional 167 shares during the last quarter. Finally, Bailard Inc. grew its position in eBay by 0.5% in the 4th quarter. Bailard Inc. now owns 34,651 shares of the e-commerce company’s stock worth $2,147,000 after purchasing an additional 169 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Stock Down 2.7 %

Shares of eBay stock opened at $59.52 on Wednesday. eBay Inc. has a 1 year low of $48.52 and a 1 year high of $71.61. The company has a market cap of $27.74 billion, a P/E ratio of 14.95, a P/E/G ratio of 2.22 and a beta of 1.43. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The stock has a 50-day moving average price of $66.86 and a 200 day moving average price of $64.97.

eBay Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.29 per share. This is a boost from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 1.95%. The ex-dividend date was Friday, March 14th. eBay’s dividend payout ratio (DPR) is currently 29.07%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Needham & Company LLC reiterated a “buy” rating and set a $72.00 price objective on shares of eBay in a research report on Thursday, February 27th. Susquehanna boosted their price target on eBay from $60.00 to $65.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. Wells Fargo & Company lowered their price target on eBay from $64.00 to $62.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 2nd. Jefferies Financial Group downgraded shares of eBay from a “hold” rating to an “underperform” rating and reduced their price objective for the stock from $60.00 to $52.00 in a report on Tuesday, December 10th. Finally, Stifel Nicolaus lowered their target price on shares of eBay from $64.00 to $63.00 and set a “hold” rating on the stock 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 given a buy rating to the stock. According to MarketBeat.com, eBay presently has a consensus rating of “Hold” and an average price target of $65.21.

Insider Activity at eBay

In other eBay news, 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 transaction, the chief financial officer now owns 65,080 shares in the company, valued at $4,413,725.60. The trade was a 30.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the firm’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 sale, the chief executive officer now directly owns 530,998 shares of the company’s stock, valued at $35,709,615.50. This trade represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,176 shares of company stock valued at $3,111,432. Corporate insiders own 0.38% of the company’s stock.

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.