Commonwealth Equity Services LLC Buys 238 Shares of eBay Inc. (NASDAQ:EBAY)

Commonwealth Equity Services LLC raised its position in shares of eBay Inc. (NASDAQ:EBAY) by 0.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 50,904 shares of the e-commerce company’s stock after acquiring an additional 238 shares during the quarter. Commonwealth Equity Services LLC’s holdings in eBay were worth $3,154,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of EBAY. PGGM Investments grew its stake in shares of eBay by 42.5% during the 4th quarter. PGGM Investments now owns 103,635 shares of the e-commerce company’s stock worth $6,420,000 after acquiring an additional 30,904 shares during the period. Erste Asset Management GmbH lifted its holdings in eBay by 168.5% during the fourth quarter. Erste Asset Management GmbH now owns 72,183 shares of the e-commerce company’s stock valued at $4,590,000 after purchasing an additional 45,300 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in eBay by 204.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 318,280 shares of the e-commerce company’s stock worth $19,717,000 after purchasing an additional 213,650 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of eBay by 9.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,874 shares of the e-commerce company’s stock worth $178,000 after purchasing an additional 250 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in shares of eBay by 8.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 15,306 shares of the e-commerce company’s stock valued at $948,000 after purchasing an additional 1,205 shares during the period. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Stock Performance

eBay stock opened at $66.30 on Wednesday. The firm has a fifty day simple moving average of $67.04 and a two-hundred day simple moving average of $64.82. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a twelve month low of $48.52 and a twelve month high of $71.61. The company has a market capitalization of $30.90 billion, a PE ratio of 16.66, a P/E/G ratio of 2.22 and a beta of 1.45.

eBay Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, March 14th. This is a boost from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 1.75%. eBay’s dividend payout ratio is currently 29.07%.

Insider Buying and Selling

In other eBay news, SVP Cornelius Boone sold 3,958 shares of the business’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total value of $265,423.48. Following the transaction, the senior vice president now owns 94,392 shares in the company, valued at approximately $6,329,927.52. The trade was a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $62.38, for a total transaction of $350,887.50. Following the sale, the chief executive officer now owns 542,248 shares of the company’s stock, valued at approximately $33,825,430.24. This represents a 1.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,241 shares of company stock worth $1,061,665 in the last ninety days. 0.38% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on EBAY shares. JPMorgan Chase & Co. lifted their price objective on shares of eBay from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, February 27th. Wells Fargo & Company reiterated an “equal weight” rating on shares of eBay in a research report on Thursday, February 27th. Morgan Stanley increased their price objective on eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Bank of America decreased their price target on eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a research report on Thursday, February 27th. Finally, Wedbush began coverage on shares of eBay in a research note on Monday, December 9th. They set a “neutral” rating and a $70.00 price objective for the company. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $65.54.

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.