CreativeOne Wealth LLC Purchases Shares of 19,780 eBay Inc. (NASDAQ:EBAY)

CreativeOne Wealth LLC purchased a new position in shares of eBay Inc. (NASDAQ:EBAY) during the fourth quarter, HoldingsChannel reports. The firm purchased 19,780 shares of the e-commerce company’s stock, valued at approximately $1,225,000.

Several other institutional investors also recently modified their holdings of EBAY. Mariner LLC lifted its holdings in eBay by 5.8% during the 4th quarter. Mariner LLC now owns 114,109 shares of the e-commerce company’s stock worth $7,069,000 after buying an additional 6,283 shares during the period. Independent Franchise Partners LLP raised its position in shares of eBay by 25.6% during the fourth quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company’s stock worth $692,517,000 after acquiring an additional 2,277,839 shares during the last quarter. Sagespring Wealth Partners LLC acquired a new position in shares of eBay in the fourth quarter worth approximately $313,000. Crux Wealth Advisors bought a new stake in eBay in the fourth quarter valued at approximately $368,000. Finally, Rockefeller Capital Management L.P. increased its position in eBay by 15.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 26,212 shares of the e-commerce company’s stock valued at $1,623,000 after purchasing an additional 3,563 shares during the period. Institutional investors own 87.48% of the company’s stock.

Insider Activity

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction dated Monday, February 3rd. The shares were 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 approximately $35,709,615.50. This trade represents a 1.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Cornelius Boone sold 3,958 shares of eBay stock in a transaction that occurred on Tuesday, March 18th. The stock was 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 in the company, valued at approximately $6,329,927.52. This represents a 4.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 45,143 shares of company stock worth $3,044,359 over the last quarter. Insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on EBAY shares. Morgan Stanley boosted their price target on shares of eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. BMO Capital Markets upped their price target on shares of eBay from $59.00 to $63.00 and gave the company a “market perform” rating in a research report on Thursday, February 27th. Bank of America decreased their price target on eBay from $72.00 to $71.00 and set a “neutral” rating for the company in a report on Thursday, February 27th. Benchmark boosted their price objective on eBay from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Finally, Susquehanna raised their target price on eBay from $60.00 to $65.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $65.21.

eBay Stock Down 0.0 %

Shares of NASDAQ:EBAY opened at $65.47 on Thursday. The stock has a market cap of $30.51 billion, a price-to-earnings ratio of 16.45, a PEG ratio of 2.22 and a beta of 1.43. The business’s 50 day moving average is $66.38 and its 200 day moving average is $64.95. eBay Inc. has a 12-month low of $48.52 and a 12-month high of $71.61. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.29 dividend. This is a positive change from eBay’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.77%. eBay’s dividend payout ratio is presently 29.07%.

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.