LPL Financial LLC Acquires 43,675 Shares of eBay Inc. (NASDAQ:EBAY)

LPL Financial LLC increased its stake in eBay Inc. (NASDAQ:EBAY) by 15.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 319,118 shares of the e-commerce company’s stock after purchasing an additional 43,675 shares during the quarter. LPL Financial LLC’s holdings in eBay were worth $19,769,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Wellington Management Group LLP acquired a new stake in eBay in the third quarter valued at approximately $105,506,000. Raymond James Financial Inc. acquired a new stake in eBay in the 4th quarter valued at $96,214,000. Boston Partners increased its stake in eBay by 35.2% during the 4th quarter. Boston Partners now owns 5,856,276 shares of the e-commerce company’s stock valued at $362,823,000 after purchasing an additional 1,524,691 shares in the last quarter. Amundi raised its holdings in eBay by 16.8% during the fourth quarter. Amundi now owns 4,719,128 shares of the e-commerce company’s stock worth $292,350,000 after buying an additional 677,389 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in shares of eBay by 23.2% in the fourth quarter. Allianz Asset Management GmbH now owns 2,460,879 shares of the e-commerce company’s stock valued at $152,451,000 after buying an additional 463,015 shares in the last quarter. Institutional investors own 87.48% of the company’s stock.

Insider Transactions at eBay

In related news, SVP Cornelius Boone sold 3,958 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total transaction of $265,423.48. Following the sale, the senior vice president now owns 94,392 shares of the company’s stock, valued at approximately $6,329,927.52. This represents a 4.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 transaction, the chief executive officer now directly owns 530,998 shares of the company’s stock, valued at $35,709,615.50. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,241 shares of company stock valued at $1,061,665 over the last three months. Company insiders own 0.38% of the company’s stock.

eBay Stock Performance

NASDAQ EBAY opened at $67.73 on Tuesday. The firm has a market cap of $31.56 billion, a P/E ratio of 17.02, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45. 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 company’s 50 day moving average is $67.14 and its 200-day moving average is $64.99. eBay Inc. has a 12-month low of $48.52 and a 12-month high of $71.61.

eBay Increases Dividend

The business 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. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.71%. This is an increase from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio is currently 29.07%.

Wall Street Analyst Weigh In

EBAY has been the topic of a number of analyst reports. Bank of America lowered their target price on shares of eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a report on Thursday, February 27th. Wedbush started coverage on eBay in a report on Monday, December 9th. They issued a “neutral” rating and a $70.00 target price on the stock. Needham & Company LLC reiterated a “buy” rating and set a $72.00 price target on shares of eBay in a report on Thursday, February 27th. BMO Capital Markets raised their price objective on eBay from $59.00 to $63.00 and gave the company a “market perform” rating in a research note on Thursday, February 27th. Finally, Cantor Fitzgerald raised their price target on shares of eBay from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, February 27th. Two investment 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, eBay has an average rating of “Hold” and a consensus price target of $65.54.

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.