eBay Inc. (NASDAQ:EBAY) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC boosted its position in shares of eBay Inc. (NASDAQ:EBAY) by 2,818.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 345,482 shares of the e-commerce company’s stock after buying an additional 333,646 shares during the quarter. Intech Investment Management LLC owned approximately 0.07% of eBay worth $21,403,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP acquired a new stake in shares of eBay in the third quarter valued at about $105,506,000. Raymond James Financial Inc. acquired a new stake in shares of eBay in the fourth quarter valued at about $96,214,000. Amundi grew its position in shares of eBay by 16.8% in the fourth quarter. Amundi now owns 4,719,128 shares of the e-commerce company’s stock valued at $292,350,000 after purchasing an additional 677,389 shares during the period. Allianz Asset Management GmbH grew its position in shares of eBay by 23.2% in the fourth quarter. Allianz Asset Management GmbH now owns 2,460,879 shares of the e-commerce company’s stock valued at $152,451,000 after purchasing an additional 463,015 shares during the period. Finally, DJE Kapital AG acquired a new stake in shares of eBay in the fourth quarter valued at about $26,833,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insider Buying and Selling at eBay

In other news, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $62.38, for a total transaction of $350,887.50. Following the completion of the transaction, the chief executive officer now directly owns 542,248 shares of the company’s stock, valued at approximately $33,825,430.24. This represents a 1.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Stephen J. Priest sold 1,033 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $64.93, for a total value of $67,072.69. Following the transaction, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at $4,225,644.40. This trade represents a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,283 shares of company stock worth $796,241 over the last quarter. 0.38% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on EBAY shares. UBS Group lifted their target price on shares of eBay from $66.00 to $72.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. Wedbush started coverage on shares of eBay in a research note on Monday, December 9th. They issued a “neutral” rating and a $70.00 price target on the stock. Needham & Company LLC reissued a “buy” rating and issued a $72.00 price target on shares of eBay in a research note on Thursday, February 27th. JPMorgan Chase & Co. raised their price target on shares of eBay from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, February 27th. Finally, Morgan Stanley raised their price target on shares of eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Two 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. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $65.54.

eBay Price Performance

Shares of NASDAQ:EBAY opened at $67.44 on Tuesday. 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 business has a fifty day simple moving average of $67.06 and a 200-day simple moving average of $64.52. The company has a market cap of $31.43 billion, a P/E ratio of 16.94, a P/E/G ratio of 2.22 and a beta of 1.45.

eBay Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, March 14th. This represents a $1.16 annualized dividend and a yield of 1.72%. This is a boost from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio is presently 29.07%.

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.