J. Safra Sarasin Holding AG purchased a new stake in shares of eBay Inc. (NASDAQ:EBAY – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 12,149 shares of the e-commerce company’s stock, valued at approximately $1,058,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in EBAY. GRIMES & Co WEALTH MANAGEMENT LLC purchased a new position in shares of eBay during the 3rd quarter worth $770,000. Allianz Asset Management GmbH increased its stake in shares of eBay by 10.9% in the 3rd quarter. Allianz Asset Management GmbH now owns 2,459,405 shares of the e-commerce company’s stock worth $223,683,000 after purchasing an additional 242,168 shares in the last quarter. Independent Advisor Alliance raised its holdings in eBay by 407.8% in the 3rd quarter. Independent Advisor Alliance now owns 26,469 shares of the e-commerce company’s stock worth $2,407,000 after purchasing an additional 21,257 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in eBay by 30.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 181,787 shares of the e-commerce company’s stock valued at $16,534,000 after purchasing an additional 42,048 shares in the last quarter. Finally, Northstar Advisory Group LLC grew its holdings in eBay by 31.6% during the third quarter. Northstar Advisory Group LLC now owns 59,129 shares of the e-commerce company’s stock valued at $5,378,000 after purchasing an additional 14,204 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.
eBay Stock Performance
NASDAQ EBAY opened at $93.13 on Thursday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.10 and a quick ratio of 1.10. eBay Inc. has a 1-year low of $58.71 and a 1-year high of $101.15. The business has a 50 day simple moving average of $89.20 and a two-hundred day simple moving average of $88.35. The stock has a market capitalization of $41.72 billion, a PE ratio of 21.41, a P/E/G ratio of 1.90 and a beta of 1.38.
eBay Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 6th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, March 6th. This is a positive change from eBay’s previous quarterly dividend of $0.29. This represents a $1.24 dividend on an annualized basis and a yield of 1.3%. eBay’s payout ratio is currently 28.51%.
Insider Buying and Selling at eBay
In other news, SVP Mazen Rawashdeh sold 23,167 shares of the business’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $93.59, for a total value of $2,168,199.53. Following the sale, the senior vice president directly owned 28,915 shares in the company, valued at $2,706,154.85. The trade was a 44.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Jordan Douglas Bradle Sweetnam sold 33,441 shares of the company’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $91.99, for a total transaction of $3,076,237.59. Following the sale, the senior vice president owned 4,733 shares in the company, valued at $435,388.67. This represents a 87.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 87,280 shares of company stock worth $8,067,074 over the last 90 days. 0.64% of the stock is owned by insiders.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the stock. Wedbush upped their price target on shares of eBay from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. UBS Group set a $96.00 price objective on shares of eBay in a report on Thursday, February 19th. Weiss Ratings reiterated a “buy (b)” rating on shares of eBay in a research report on Monday, December 29th. The Goldman Sachs Group raised shares of eBay from a “sell” rating to a “neutral” rating and set a $88.00 target price on the stock in a report on Thursday, February 19th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $119.00 target price on shares of eBay in a research note on Thursday, February 19th. Fourteen investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $98.22.
Check Out Our Latest Stock Report on eBay
eBay Company 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.
See Also
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.
