Ballentine Partners LLC Acquires 315 Shares of eBay Inc. (NASDAQ:EBAY)

Ballentine Partners LLC raised its holdings in eBay Inc. (NASDAQ:EBAY) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,806 shares of the e-commerce company’s stock after purchasing an additional 315 shares during the quarter. Ballentine Partners LLC’s holdings in eBay were worth $731,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of EBAY. Quarry LP bought a new position in eBay in the 3rd quarter valued at approximately $36,000. USA Financial Formulas acquired a new position in shares of eBay during the third quarter worth $38,000. Northwest Investment Counselors LLC bought a new position in shares of eBay in the 3rd quarter valued at $50,000. Versant Capital Management Inc boosted its holdings in shares of eBay by 115.5% during the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after acquiring an additional 448 shares in the last quarter. Finally, Financial Management Professionals Inc. grew its position in eBay by 276.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock worth $55,000 after acquiring an additional 621 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insider Activity

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $59.91, for a total value of $336,993.75. Following the transaction, the chief executive officer now owns 548,042 shares in the company, valued at approximately $32,833,196.22. This represents a 1.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stephen J. Priest sold 5,252 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $63.63, for a total value of $334,184.76. Following the sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at approximately $4,141,040.40. This represents a 7.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,149 shares of company stock worth $1,704,778 in the last three months. Company insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

EBAY has been the subject of several research reports. Citigroup increased their target price on eBay from $68.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Jefferies Financial Group lowered shares of eBay from a “hold” rating to an “underperform” rating and dropped their price objective for the company from $60.00 to $52.00 in a report on Tuesday, December 10th. Wells Fargo & Company reduced their target price on shares of eBay from $62.00 to $59.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Piper Sandler raised their price target on shares of eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of eBay from $70.00 to $63.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Two equities research 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $62.83.

eBay Stock Down 1.2 %

eBay stock opened at $63.88 on Thursday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $30.60 billion, a PE ratio of 16.05, a PEG ratio of 2.10 and a beta of 1.35. The firm’s fifty day moving average is $63.77 and its 200 day moving average is $61.27. eBay Inc. has a 12-month low of $40.74 and a 12-month high of $71.52.

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.27 per share. The ex-dividend date was Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.69%. eBay’s dividend payout ratio (DPR) is presently 27.14%.

About eBay

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.