Commerce Bank Sells 1,985 Shares of eBay Inc. (NASDAQ:EBAY)

Commerce Bank reduced its position in shares of eBay Inc. (NASDAQ:EBAY) by 5.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,930 shares of the e-commerce company’s stock after selling 1,985 shares during the period. Commerce Bank’s holdings in eBay were worth $2,040,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Smithfield Trust Co lifted its position in shares of eBay by 3.6% during the 4th quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company’s stock worth $274,000 after buying an additional 153 shares in the last quarter. Cypress Wealth Services LLC grew its stake in eBay by 4.7% in the 4th quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company’s stock valued at $216,000 after purchasing an additional 157 shares during the period. IFP Advisors Inc increased its position in shares of eBay by 7.2% during the 4th quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company’s stock valued at $150,000 after purchasing an additional 163 shares during the last quarter. Capital Investment Advisors LLC raised its stake in shares of eBay by 4.1% during the 4th quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company’s stock worth $262,000 after purchasing an additional 167 shares during the period. Finally, Bailard Inc. boosted its holdings in shares of 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 buying an additional 169 shares during the last quarter. 87.48% of the stock is owned by institutional investors.

eBay Stock Performance

eBay stock opened at $65.63 on Tuesday. The stock has a market cap of $30.58 billion, a P/E ratio of 16.49, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a fifty-two week low of $48.52 and a fifty-two week high of $71.61. The firm’s fifty day moving average price is $66.25 and its 200-day moving average price is $64.95.

eBay Increases Dividend

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

Insider Buying and Selling at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total value of $378,281.25. Following the transaction, the chief executive officer now directly owns 530,998 shares of the company’s stock, valued at $35,709,615.50. The trade was a 1.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stephen J. Priest sold 28,060 shares of the company’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $67.82, for a total transaction of $1,903,029.20. Following the sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at $4,413,725.60. This represents a 30.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 46,310 shares of company stock worth $3,121,626 over the last ninety days. Insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on EBAY shares. Bank of America lowered their price objective on shares of eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a research report on Thursday, February 27th. Barclays set a $72.00 target price on eBay and gave the stock an “overweight” rating in a research report on Thursday, February 27th. BMO Capital Markets upped their price target on eBay from $59.00 to $63.00 and gave the company a “market perform” rating in a research report on Thursday, February 27th. Morgan Stanley decreased their price objective on eBay from $71.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, eBay has a consensus rating of “Hold” and a consensus price target of $65.13.

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.