eBay Inc. (NASDAQ:EBAY) Shares Acquired by City Center Advisors LLC

City Center Advisors LLC increased its position in shares of eBay Inc. (NASDAQ:EBAY) by 26.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,328 shares of the e-commerce company’s stock after acquiring an additional 900 shares during the quarter. City Center Advisors LLC’s holdings in eBay were worth $268,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in eBay by 0.3% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company’s stock valued at $3,418,000 after purchasing an additional 153 shares during the period. Optas LLC raised its position in eBay by 0.5% during the third quarter. Optas LLC now owns 34,082 shares of the e-commerce company’s stock valued at $2,219,000 after buying an additional 171 shares during the period. Davis Investment Partners LLC raised its position in eBay by 0.8% during the third quarter. Davis Investment Partners LLC now owns 23,475 shares of the e-commerce company’s stock valued at $1,531,000 after buying an additional 180 shares during the period. Arvest Investments Inc. boosted its position in eBay by 1.2% during the 3rd quarter. Arvest Investments Inc. now owns 15,205 shares of the e-commerce company’s stock worth $990,000 after acquiring an additional 183 shares during the period. Finally, Marco Investment Management LLC grew its stake in eBay by 2.0% during the 3rd quarter. Marco Investment Management LLC now owns 10,335 shares of the e-commerce company’s stock valued at $673,000 after acquiring an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on EBAY. UBS Group reduced their price target on shares of eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Robert W. Baird decreased their target price on shares of eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $62.00 price target on shares of eBay in a research note on Monday, October 7th. Needham & Company LLC reiterated a “buy” rating and set a $72.00 price objective on shares of eBay in a report on Thursday, October 31st. Finally, Barclays lowered their target price on eBay from $65.00 to $64.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $62.92.

eBay Price Performance

Shares of NASDAQ:EBAY opened at $65.90 on Monday. The business’s 50 day moving average is $63.23 and its 200-day moving average is $60.66. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $31.57 billion, a PE ratio of 16.56, a PEG ratio of 2.22 and a beta of 1.35. eBay Inc. has a 1-year low of $40.16 and a 1-year high of $71.52.

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend was Friday, November 29th. eBay’s dividend payout ratio is 27.14%.

Insider Transactions at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total value of $350,887.50. Following the transaction, the chief executive officer now directly owns 542,248 shares in the company, valued at $33,825,430.24. The trade was a 1.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Cornelius Boone sold 3,989 shares of the company’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total transaction of $260,082.80. Following the sale, the senior vice president now directly owns 71,469 shares in the company, valued at $4,659,778.80. This represents a 5.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 27,283 shares of company stock valued at $1,715,462. Company insiders own 0.38% of the company’s stock.

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.