eBay Inc. (NASDAQ:EBAY) Shares Bought by AlphaQuest LLC

AlphaQuest LLC raised its position in eBay Inc. (NASDAQ:EBAY) by 72,975.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,923 shares of the e-commerce company’s stock after acquiring an additional 2,919 shares during the quarter. AlphaQuest LLC’s holdings in eBay were worth $181,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Smithfield Trust Co grew its position in shares of eBay by 3.6% during the fourth 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 position in shares of eBay by 4.7% during the fourth quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company’s stock worth $216,000 after buying an additional 157 shares in the last quarter. IFP Advisors Inc grew its position in shares of eBay by 7.2% during the fourth quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company’s stock worth $150,000 after buying an additional 163 shares in the last quarter. Capital Investment Advisors LLC grew its position in shares of eBay by 4.1% during the fourth quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company’s stock worth $262,000 after buying an additional 167 shares in the last quarter. Finally, Bailard Inc. grew its position in shares of eBay by 0.5% during the fourth 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 in the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on EBAY. Stifel Nicolaus lowered their price objective on eBay from $64.00 to $63.00 and set a “hold” rating for the company 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 note on Thursday, February 27th. Wells Fargo & Company restated an “equal weight” rating on shares of eBay in a research note on Thursday, February 27th. JPMorgan Chase & Co. boosted their target price on eBay from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, February 27th. Finally, Jefferies Financial Group cut eBay from a “hold” rating to an “underperform” rating and decreased their target price for the stock from $60.00 to $52.00 in a research note on Tuesday, December 10th. 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 data from MarketBeat, eBay currently has a consensus rating of “Hold” and an average price target of $65.54.

Insider Transactions at eBay

In other news, SVP Cornelius Boone sold 3,989 shares of eBay stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total value of $260,082.80. Following the transaction, the senior vice president now directly owns 71,469 shares of the company’s stock, valued at $4,659,778.80. The trade was a 5.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jamie Iannone sold 5,625 shares of eBay 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 transaction, the chief executive officer now directly owns 530,998 shares in the company, valued at $35,709,615.50. This represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,272 shares of company stock worth $1,056,324 in the last three months. 0.38% of the stock is currently owned by company insiders.

eBay Stock Up 1.6 %

eBay stock opened at $65.28 on Monday. 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 firm has a market capitalization of $30.42 billion, a price-to-earnings ratio of 16.40, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45. eBay Inc. has a fifty-two week low of $48.52 and a fifty-two week high of $71.61. The stock’s fifty day moving average is $66.97 and its two-hundred day moving average is $64.45.

eBay Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 1.78%. eBay’s dividend payout ratio is 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.