eBay Inc. (NASDAQ:EBAY) Position Increased by IFP Advisors Inc

IFP Advisors Inc raised its position in shares of eBay Inc. (NASDAQ:EBAY) by 7.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,417 shares of the e-commerce company’s stock after buying an additional 163 shares during the quarter. IFP Advisors Inc’s holdings in eBay were worth $150,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Cypress Wealth Services LLC lifted its stake in eBay by 4.7% during the fourth quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company’s stock valued at $216,000 after buying an additional 157 shares in the last quarter. Capital Investment Advisors LLC lifted its position in shares of eBay by 4.1% in the fourth 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 in the last quarter. Kathmere Capital Management LLC lifted its position in shares of eBay by 1.2% in the fourth quarter. Kathmere Capital Management LLC now owns 14,250 shares of the e-commerce company’s stock worth $883,000 after purchasing an additional 173 shares in the last quarter. Arvest Investments Inc. lifted its position in shares of eBay by 1.2% in the third quarter. Arvest Investments Inc. now owns 15,205 shares of the e-commerce company’s stock worth $990,000 after purchasing an additional 183 shares in the last quarter. Finally, Journey Strategic Wealth LLC lifted its position in shares of eBay by 5.3% in the fourth quarter. Journey Strategic Wealth LLC now owns 3,755 shares of the e-commerce company’s stock worth $233,000 after purchasing an additional 189 shares in the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on EBAY. Jefferies Financial Group lowered shares of eBay from a “hold” rating to an “underperform” rating and reduced their price target for the stock from $60.00 to $52.00 in a research report on Tuesday, December 10th. Truist Financial increased their price target on shares of eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Bank of America reduced their price target on shares of eBay from $72.00 to $71.00 and set a “neutral” rating for the company in a research report on Thursday, February 27th. Wells Fargo & Company increased their price target on shares of eBay from $61.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. Finally, BMO Capital Markets raised their price objective 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. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $65.54.

Insider Transactions at eBay

In other news, CFO Stephen J. Priest sold 1,033 shares of the firm’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 in the company, valued at approximately $4,225,644.40. This trade represents a 1.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Cornelius Boone sold 3,989 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total value of $260,082.80. Following the completion of the transaction, the senior vice president now directly owns 71,469 shares of the company’s stock, valued at approximately $4,659,778.80. This trade represents a 5.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,149 shares of company stock worth $1,746,065. Insiders own 0.38% of the company’s stock.

eBay Trading Up 0.7 %

Shares of eBay stock opened at $65.22 on Tuesday. The company’s fifty day simple moving average is $66.25 and its 200-day simple moving average is $63.91. The company has a market cap of $31.24 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 2.22 and a beta of 1.35. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 1 year low of $48.04 and a 1 year high of $71.61.

eBay Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.29 dividend. This is an increase from eBay’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.78%. eBay’s dividend payout ratio (DPR) is presently 29.07%.

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.