Gabelli Funds LLC Has $1.38 Million Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Gabelli Funds LLC lowered its stake in shares of eBay Inc. (NASDAQ:EBAY) by 4.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 22,300 shares of the e-commerce company’s stock after selling 1,000 shares during the quarter. Gabelli Funds LLC’s holdings in eBay were worth $1,381,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in EBAY. Golden State Wealth Management LLC bought a new position in eBay in the fourth quarter worth approximately $27,000. New Wave Wealth Advisors LLC bought a new position in shares of eBay in the 4th quarter worth $36,000. Lee Danner & Bass Inc. bought a new position in shares of eBay in the 4th quarter worth $40,000. Versant Capital Management Inc grew its position in eBay by 115.5% in the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after purchasing an additional 448 shares during the period. Finally, Washington Trust Advisors Inc. increased its stake in eBay by 37.8% during the 4th quarter. Washington Trust Advisors Inc. now owns 839 shares of the e-commerce company’s stock valued at $52,000 after purchasing an additional 230 shares in the last quarter. Institutional investors own 87.48% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Barclays set a $72.00 target price on shares of eBay and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Cantor Fitzgerald increased their price objective on eBay from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, February 27th. Bank of America cut their price objective 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. Morgan Stanley lowered their target price on shares of eBay from $71.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday. Finally, StockNews.com lowered shares of eBay from a “buy” rating to a “hold” rating in a research report on Friday. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $65.13.

Insider Buying and Selling at eBay

In other news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $67.25, for a total transaction of $378,281.25. Following the completion of the sale, the chief executive officer now directly owns 530,998 shares of the company’s stock, valued at approximately $35,709,615.50. The trade was a 1.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Cornelius Boone sold 3,958 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total value of $265,423.48. Following the completion of the transaction, the senior vice president now directly owns 94,392 shares in the company, valued at approximately $6,329,927.52. This represents a 4.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 46,310 shares of company stock worth $3,121,626 over the last three months. 0.38% of the stock is owned by insiders.

eBay Trading Up 1.2 %

eBay stock opened at $66.26 on Friday. eBay Inc. has a fifty-two week low of $48.52 and a fifty-two week high of $71.61. The firm’s fifty day moving average price is $66.30 and its 200-day moving average price is $64.96. 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 stock has a market cap of $30.88 billion, a P/E ratio of 16.65, a PEG ratio of 2.22 and a beta of 1.43.

eBay Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.75%. This is a boost from eBay’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, March 14th. 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.