HighTower Advisors LLC grew its stake in shares of eBay Inc. (NASDAQ:EBAY – Free Report) by 7.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 133,492 shares of the e-commerce company’s stock after acquiring an additional 9,531 shares during the period. HighTower Advisors LLC’s holdings in eBay were worth $11,627,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Quotient Wealth Partners LLC raised its stake in shares of eBay by 4.5% during the fourth quarter. Quotient Wealth Partners LLC now owns 2,558 shares of the e-commerce company’s stock valued at $223,000 after acquiring an additional 110 shares in the last quarter. Childress Capital Advisors LLC raised its stake in shares of eBay by 3.2% during the fourth quarter. Childress Capital Advisors LLC now owns 3,685 shares of the e-commerce company’s stock valued at $321,000 after acquiring an additional 114 shares in the last quarter. JFS Wealth Advisors LLC raised its stake in shares of eBay by 57.4% during the fourth quarter. JFS Wealth Advisors LLC now owns 318 shares of the e-commerce company’s stock valued at $28,000 after acquiring an additional 116 shares in the last quarter. Freestone Capital Holdings LLC raised its stake in shares of eBay by 3.0% during the fourth quarter. Freestone Capital Holdings LLC now owns 4,613 shares of the e-commerce company’s stock valued at $402,000 after acquiring an additional 135 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its stake in shares of eBay by 2.1% during the fourth quarter. Valeo Financial Advisors LLC now owns 6,799 shares of the e-commerce company’s stock valued at $592,000 after acquiring an additional 141 shares in the last quarter. Institutional investors own 87.48% of the company’s stock.
eBay Stock Performance
Shares of NASDAQ:EBAY opened at $115.75 on Tuesday. The company has a market capitalization of $51.39 billion, a price-to-earnings ratio of 26.25, a price-to-earnings-growth ratio of 2.57 and a beta of 1.39. eBay Inc. has a 52 week low of $71.53 and a 52 week high of $119.31. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.36. The firm has a 50 day moving average of $101.06 and a 200 day moving average of $91.88.
eBay Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, May 29th. eBay’s payout ratio is currently 28.12%.
Insider Activity
In other eBay news, CEO Jamie Iannone sold 21,000 shares of eBay stock in a transaction on Monday, April 6th. The shares were sold at an average price of $97.37, for a total value of $2,044,770.00. Following the transaction, the chief executive officer directly owned 352,653 shares of the company’s stock, valued at approximately $34,337,822.61. The trade was a 5.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Cornelius Boone sold 16,685 shares of eBay stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $92.44, for a total transaction of $1,542,361.40. Following the completion of the transaction, the senior vice president directly owned 94,479 shares in the company, valued at $8,733,638.76. This represents a 15.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 86,953 shares of company stock valued at $8,287,444 over the last three months. Company insiders own 0.64% of the company’s stock.
Analyst Ratings Changes
EBAY has been the subject of several research analyst reports. UBS Group lifted their price target on shares of eBay from $96.00 to $110.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. Susquehanna lifted their price target on shares of eBay from $95.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. President Capital lifted their price target on shares of eBay from $94.00 to $102.00 and gave the company a “buy” rating in a research note on Tuesday, March 31st. Wall Street Zen raised shares of eBay from a “hold” rating to a “buy” rating in a research note on Sunday, April 26th. Finally, Citigroup boosted their price objective on shares of eBay from $114.00 to $127.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Thirteen investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $107.90.
Check Out Our Latest Analysis on eBay
eBay Profile
eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price “Buy It Now” transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.
The company’s core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.
Further Reading
- Five stocks we like better than eBay
- SpaceX Gets the Attention, But These 4 Stocks Could Get the Returns
- Microsoft Stock Discount May Be Ending as AI Catalysts Build
- Apparel Earnings Winners and Losers: Ralph Lauren Takes Off
- Why Walmart, Target and TJX Got Such Different Reactions After Earnings
Want to see what other hedge funds are holding EBAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eBay Inc. (NASDAQ:EBAY – Free Report).
Receive News & Ratings for eBay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay and related companies with MarketBeat.com's FREE daily email newsletter.
