eBay Inc. (NASDAQ:EBAY) Shares Acquired by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. increased its stake in shares of eBay Inc. (NASDAQ:EBAY) by 0.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 217,736 shares of the e-commerce company’s stock after purchasing an additional 149 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in eBay were worth $13,489,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Golden State Wealth Management LLC purchased a new stake in shares of eBay during the fourth quarter worth about $27,000. Quarry LP acquired a new stake in eBay during the 3rd quarter valued at approximately $36,000. New Wave Wealth Advisors LLC purchased a new stake in eBay during the 4th quarter worth approximately $36,000. Lee Danner & Bass Inc. acquired a new position in shares of eBay in the 4th quarter valued at approximately $40,000. Finally, Versant Capital Management Inc boosted its stake 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 buying an additional 448 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insider Activity at eBay

In other news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total value of $350,887.50. Following the completion of the transaction, the chief executive officer now directly owns 542,248 shares in the company, valued at $33,825,430.24. This trade represents a 1.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Cornelius Boone sold 3,958 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total value of $265,423.48. Following the sale, the senior vice president now directly owns 94,392 shares in the company, valued at approximately $6,329,927.52. The trade was a 4.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,241 shares of company stock worth $1,061,665 in the last 90 days. Corporate insiders own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Wedbush started coverage on shares of eBay in a report on Monday, December 9th. They set a “neutral” rating and a $70.00 price objective for the company. Wells Fargo & Company reissued an “equal weight” rating on shares of eBay in a report on Thursday, February 27th. Barclays set a $72.00 target price on eBay and gave the stock an “overweight” rating in a report on Thursday, February 27th. Cantor Fitzgerald boosted their price target on eBay from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, February 27th. Finally, UBS Group raised their price objective on eBay from $66.00 to $72.00 and gave the stock a “neutral” rating in a research note on Monday, February 24th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, eBay presently has an average rating of “Hold” and a consensus target price of $65.54.

eBay Stock Up 0.5 %

Shares of eBay stock opened at $67.16 on Monday. eBay Inc. has a 1-year low of $48.52 and a 1-year high of $71.61. The company has a market capitalization of $31.30 billion, a P/E ratio of 16.87, a PEG ratio of 2.22 and a beta of 1.45. The business’s fifty day moving average price is $67.11 and its two-hundred day moving average price is $64.95. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25.

eBay Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.16 annualized dividend and a yield of 1.73%. This is an increase from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio is presently 29.07%.

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.