Fmr LLC Trims Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Fmr LLC lowered its position in shares of eBay Inc. (NASDAQ:EBAY) by 10.0% during the fourth quarter, Holdings Channel reports. The fund owned 2,945,560 shares of the e-commerce company’s stock after selling 326,164 shares during the quarter. Fmr LLC’s holdings in eBay were worth $182,477,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of eBay by 2.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company’s stock valued at $3,489,000 after purchasing an additional 1,063 shares during the last quarter. Kestra Investment Management LLC grew its stake in eBay by 172.5% during the 4th quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company’s stock valued at $692,000 after purchasing an additional 7,074 shares in the last quarter. Van ECK Associates Corp grew its position in shares of eBay by 5,091.9% during the fourth quarter. Van ECK Associates Corp now owns 142,051 shares of the e-commerce company’s stock worth $8,800,000 after buying an additional 139,315 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of eBay by 35.1% in the 4th quarter. Jones Financial Companies Lllp now owns 8,121 shares of the e-commerce company’s stock worth $503,000 after purchasing an additional 2,110 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in eBay in the fourth quarter valued at about $8,644,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Stock Up 3.4 %

Shares of eBay stock opened at $64.58 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The stock has a 50 day moving average price of $66.50 and a two-hundred day moving average price of $64.92. The stock has a market capitalization of $30.09 billion, a P/E ratio of 16.23, a PEG ratio of 2.22 and a beta of 1.43. eBay Inc. has a 12-month low of $48.52 and a 12-month high of $71.61.

eBay Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.29 per share. 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 dividend on an annualized basis and a yield of 1.80%. eBay’s payout ratio is currently 29.07%.

Analysts Set New Price Targets

Several research firms have weighed in on EBAY. JMP Securities reiterated a “market perform” rating on shares of eBay in a research note on Monday, December 16th. UBS Group raised their target price on eBay from $66.00 to $72.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. 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. Wells Fargo & Company dropped their price objective on eBay from $64.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 2nd. Finally, JPMorgan Chase & Co. cut their target price on shares of eBay from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, eBay currently has an average rating of “Hold” and a consensus price target of $65.21.

Insider Buying and Selling

In other eBay news, CFO Stephen J. Priest sold 1,033 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $64.93, for a total value of $67,072.69. Following the sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at $4,225,644.40. The trade was a 1.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Cornelius Boone sold 3,958 shares of the company’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total transaction of $265,423.48. Following the completion of the sale, the senior vice president now directly owns 94,392 shares in the company, valued at approximately $6,329,927.52. The trade was a 4.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,176 shares of company stock valued at $3,111,432. Insiders own 0.38% of the company’s stock.

About eBay

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.