Greenwich Wealth Management LLC Acquires 394 Shares of eBay Inc. (NASDAQ:EBAY)

Greenwich Wealth Management LLC increased its holdings in eBay Inc. (NASDAQ:EBAY) by 1.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 28,755 shares of the e-commerce company’s stock after purchasing an additional 394 shares during the quarter. Greenwich Wealth Management LLC’s holdings in eBay were worth $1,781,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Golden State Wealth Management LLC acquired a new position in shares of eBay during the fourth quarter worth $27,000. Quarry LP acquired a new position in shares of eBay during the third quarter worth $36,000. New Wave Wealth Advisors LLC acquired a new position in shares of eBay during the fourth quarter worth $36,000. Versant Capital Management Inc increased its position in shares of eBay by 115.5% during the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after purchasing an additional 448 shares in the last quarter. Finally, Washington Trust Advisors Inc. increased its position in shares of eBay by 37.8% during the fourth quarter. Washington Trust Advisors Inc. now owns 839 shares of the e-commerce company’s stock worth $52,000 after purchasing an additional 230 shares in the last quarter. Institutional investors own 87.48% of the company’s stock.

Insider Buying and Selling

In related news, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $67.25, for a total transaction of $378,281.25. Following the completion of the transaction, the chief executive officer now owns 530,998 shares in the company, valued at $35,709,615.50. This represents a 1.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stephen J. Priest sold 1,033 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $4,225,644.40. This trade represents a 1.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,524 shares of company stock worth $1,390,509 in the last 90 days. Insiders own 0.38% of the company’s stock.

eBay Trading Up 1.6 %

EBAY stock opened at $65.28 on Friday. The company’s 50-day simple moving average is $66.97 and its 200-day simple moving average is $64.41. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 52-week low of $48.52 and a 52-week high of $71.61. The firm has a market cap of $30.42 billion, a P/E ratio of 16.40, a PEG ratio of 2.22 and a beta of 1.45.

eBay Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors 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 1.78%. The ex-dividend date is Friday, March 14th. This is an increase from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio is 29.07%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on EBAY shares. Cantor Fitzgerald upped their price target on eBay from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, February 27th. Wells Fargo & Company reissued an “equal weight” rating on shares of eBay in a research report on Thursday, February 27th. Citigroup upped their target price on eBay from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Needham & Company LLC reissued a “buy” rating and issued a $72.00 target price on shares of eBay in a research report on Thursday, February 27th. Finally, JMP Securities reissued a “market perform” rating on shares of eBay in a research report on Monday, December 16th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $65.54.

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.