Vanguard Group Inc. Has $3.69 Billion Holdings in eBay Inc. (NASDAQ:EBAY)

Vanguard Group Inc. decreased its stake in shares of eBay Inc. (NASDAQ:EBAY) by 1.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 59,615,508 shares of the e-commerce company’s stock after selling 876,187 shares during the quarter. Vanguard Group Inc. owned 0.12% of eBay worth $3,693,181,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Golden State Wealth Management LLC acquired a new position in eBay in the 4th quarter valued at approximately $27,000. Quarry LP bought a new stake in shares of eBay during the third quarter valued at approximately $36,000. New Wave Wealth Advisors LLC bought a new stake in shares of eBay during the fourth quarter valued at approximately $36,000. Lee Danner & Bass Inc. acquired a new position in shares of eBay in the fourth quarter valued at $40,000. Finally, Versant Capital Management Inc lifted its position in eBay by 115.5% in 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 during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

Analyst Upgrades and Downgrades

EBAY has been the subject of several recent research reports. Barclays set a $72.00 price target on shares of eBay and gave the stock an “overweight” rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. raised their target price on eBay from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, February 27th. JMP Securities reiterated a “market perform” rating on shares of eBay in a research report on Monday, December 16th. Morgan Stanley lifted their price objective on eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating on shares of eBay in a report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, eBay presently has an average rating of “Hold” and an average target price of $65.54.

Insider Buying and Selling

In other news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $62.38, for a total value of $350,887.50. Following the sale, 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 sale was disclosed in a document filed with the SEC, 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 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 represents a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,241 shares of company stock valued at $1,061,665. 0.38% of the stock is owned by company insiders.

eBay Stock Up 1.2 %

NASDAQ:EBAY opened at $66.54 on Tuesday. The firm has a market capitalization of $31.01 billion, a P/E ratio of 16.72, a P/E/G ratio of 2.22 and a beta of 1.45. eBay Inc. has a 12-month low of $48.52 and a 12-month high of $71.61. The stock’s fifty day simple moving average is $67.01 and its 200-day simple moving average is $64.77. 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.74%. This is a boost from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio is currently 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.