eBay Inc. (NASDAQ:EBAY) Shares Acquired by Williamson Legacy Group LLC

Williamson Legacy Group LLC lifted its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 21.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 18,382 shares of the e-commerce company’s stock after buying an additional 3,255 shares during the period. Williamson Legacy Group LLC’s holdings in eBay were worth $1,139,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in EBAY. Wealth Group Ltd. acquired a new position in shares of eBay during the 3rd quarter worth approximately $543,000. Wealth Enhancement Advisory Services LLC increased its position in shares of eBay by 2.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 52,517 shares of the e-commerce company’s stock worth $3,419,000 after purchasing an additional 1,241 shares in the last quarter. First Trust Direct Indexing L.P. increased its position in shares of eBay by 33.3% during the third quarter. First Trust Direct Indexing L.P. now owns 24,424 shares of the e-commerce company’s stock worth $1,590,000 after purchasing an additional 6,103 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in shares of eBay during the third quarter worth approximately $226,000. Finally, Stephens Inc. AR increased its position in shares of eBay by 1.3% during the third quarter. Stephens Inc. AR now owns 91,424 shares of the e-commerce company’s stock worth $5,953,000 after purchasing an additional 1,188 shares in the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on EBAY. Stifel Nicolaus dropped their price target on eBay from $64.00 to $63.00 and set a “hold” rating for the company in a research report on Thursday. Bank of America dropped their price target on eBay from $72.00 to $71.00 and set a “neutral” rating for the company in a research report on Thursday. Jefferies Financial Group cut eBay from a “hold” rating to an “underperform” rating and dropped their price target for the stock from $60.00 to $52.00 in a research report on Tuesday, December 10th. Citigroup boosted their price target on eBay from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on eBay from $70.00 to $63.00 and set a “buy” rating for the company in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $65.33.

eBay Price Performance

Shares of NASDAQ EBAY opened at $64.74 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a fifty-two week low of $47.06 and a fifty-two week high of $71.61. The firm has a market capitalization of $31.01 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. The stock’s 50-day simple moving average is $66.22 and its 200-day simple moving average is $63.73.

eBay Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio (DPR) is 29.07%.

Insider Transactions at eBay

In related news, CFO Stephen J. Priest sold 1,033 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $64.93, for a total transaction of $67,072.69. Following the transaction, the chief financial officer now owns 65,080 shares in the company, valued at $4,225,644.40. This trade represents a 1.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total value of $355,556.25. Following the transaction, the chief executive officer now owns 531,167 shares in the company, valued at $33,575,066.07. This represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,149 shares of company stock valued at $1,746,065. Corporate 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.