Gamco Investors INC. ET AL Trims Holdings in eBay Inc. (NASDAQ:EBAY)

Gamco Investors INC. ET AL lowered its holdings in eBay Inc. (NASDAQ:EBAY) by 3.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 18,250 shares of the e-commerce company’s stock after selling 650 shares during the period. Gamco Investors INC. ET AL’s holdings in eBay were worth $1,131,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Independent Franchise Partners LLP lifted its stake in eBay by 25.6% in the fourth quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company’s stock worth $692,517,000 after acquiring an additional 2,277,839 shares during the period. Nordea Investment Management AB boosted its stake in shares of eBay by 3.8% during the 4th quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock valued at $573,220,000 after purchasing an additional 335,035 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of eBay by 1.4% in the 4th quarter. Victory Capital Management Inc. now owns 5,936,508 shares of the e-commerce company’s stock worth $367,767,000 after acquiring an additional 82,904 shares in the last quarter. Boston Partners lifted its position 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 acquiring an additional 1,524,691 shares during the period. Finally, Amundi boosted its stake 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 acquiring an additional 677,389 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Stephen J. Priest sold 28,060 shares of the firm’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $67.82, for a total value of $1,903,029.20. Following the transaction, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at approximately $4,413,725.60. This trade represents a 30.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Cornelius Boone sold 3,958 shares of eBay 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 transaction, the senior vice president now owns 94,392 shares in the company, valued at $6,329,927.52. This trade represents a 4.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,310 shares of company stock valued at $3,121,626. 0.38% of the stock is owned by insiders.

eBay Stock Up 1.2 %

EBAY stock opened at $66.26 on Friday. The company has a market cap of $30.88 billion, a price-to-earnings ratio of 16.65, a P/E/G ratio of 2.22 and a beta of 1.43. 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 business’s 50-day moving average is $66.30 and its two-hundred day moving average is $64.96. eBay Inc. has a fifty-two week low of $48.52 and a fifty-two week high of $71.61.

eBay Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio is 29.07%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Cantor Fitzgerald lifted their target price on shares of eBay from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, February 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $72.00 price objective on shares of eBay in a research report on Thursday, February 27th. Stifel Nicolaus dropped their target price on eBay from $64.00 to $63.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. Wells Fargo & Company cut their target price on eBay from $64.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 2nd. Finally, Morgan Stanley lowered their price target on eBay from $71.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $65.13.

eBay 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.