Cerity Partners LLC Sells 2,679 Shares of eBay Inc. (NASDAQ:EBAY)

Cerity Partners LLC reduced its position in shares of eBay Inc. (NASDAQ:EBAY) by 3.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 87,890 shares of the e-commerce company’s stock after selling 2,679 shares during the quarter. Cerity Partners LLC’s holdings in eBay were worth $5,561,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in EBAY. Golden State Wealth Management LLC bought a new position in shares of eBay during the fourth quarter valued at about $27,000. New Wave Wealth Advisors LLC bought a new position in eBay during the 4th quarter valued at approximately $36,000. Lee Danner & Bass Inc. bought a new position in eBay during the 4th quarter valued at approximately $40,000. Versant Capital Management Inc lifted its holdings in eBay by 115.5% in the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after buying an additional 448 shares during the period. Finally, Washington Trust Advisors Inc. grew its position in shares of eBay by 37.8% in the 4th quarter. Washington Trust Advisors Inc. now owns 839 shares of the e-commerce company’s stock worth $52,000 after buying an additional 230 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Price Performance

NASDAQ EBAY opened at $64.58 on Friday. eBay Inc. has a one year low of $48.52 and a one year high of $71.61. The stock has a 50-day moving average of $66.50 and a 200 day moving average of $64.92. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market capitalization of $30.09 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 2.22 and a beta of 1.43.

eBay Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.80%. This is a boost from eBay’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, March 14th. eBay’s payout ratio is presently 29.07%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EBAY. StockNews.com upgraded eBay from a “hold” rating to a “buy” rating in a report on Wednesday. Benchmark raised their target price on shares of eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Needham & Company LLC reiterated a “buy” rating and set a $72.00 price target on shares of eBay in a research report on Thursday, February 27th. Wells Fargo & Company lowered their price objective on shares of eBay from $64.00 to $62.00 and set an “equal weight” rating for the company in a report on Wednesday, April 2nd. Finally, Susquehanna increased their target price on eBay from $60.00 to $65.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $65.21.

Insider Activity at eBay

In other news, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction 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 in the company, valued at $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 available at this link. Also, SVP Cornelius Boone sold 3,958 shares of eBay stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total value of $265,423.48. Following the completion of the sale, the senior vice president now directly owns 94,392 shares of the company’s stock, valued at $6,329,927.52. The trade was a 4.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 46,176 shares of company stock worth $3,111,432 over the last quarter. Company 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.