eBay Inc. (NASDAQ:EBAY) Shares Purchased by FSB Premier Wealth Management Inc.

FSB Premier Wealth Management Inc. lifted its stake in eBay Inc. (NASDAQ:EBAY) by 16.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 15,799 shares of the e-commerce company’s stock after acquiring an additional 2,196 shares during the period. FSB Premier Wealth Management Inc.’s holdings in eBay were worth $979,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Townsquare Capital LLC lifted its holdings in shares of eBay by 17.9% in the 3rd quarter. Townsquare Capital LLC now owns 22,675 shares of the e-commerce company’s stock valued at $1,476,000 after buying an additional 3,450 shares during the period. Public Sector Pension Investment Board raised its stake in eBay by 9.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 19,555 shares of the e-commerce company’s stock valued at $1,273,000 after purchasing an additional 1,700 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in eBay by 38.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 812,109 shares of the e-commerce company’s stock worth $52,876,000 after acquiring an additional 224,700 shares during the period. Erste Asset Management GmbH purchased a new position in eBay during the third quarter worth about $1,720,000. Finally, FSA Wealth Management LLC purchased a new stake in eBay in the third quarter valued at approximately $55,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of eBay from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, February 27th. Jefferies Financial Group downgraded shares of eBay from a “hold” rating to an “underperform” rating and reduced their price objective for the company from $60.00 to $52.00 in a research note on Tuesday, December 10th. JMP Securities reaffirmed a “market perform” rating on shares of eBay in a report on Monday, December 16th. StockNews.com upgraded eBay from a “hold” rating to a “buy” rating in a research report on Friday, February 28th. Finally, Needham & Company LLC restated a “buy” rating and issued a $72.00 target price on shares of eBay in a research report on Thursday, February 27th. Two 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’s stock. According to data from MarketBeat.com, eBay currently has a consensus rating of “Hold” and a consensus price target of $65.54.

Insider Transactions at eBay

In related news, SVP Cornelius Boone sold 3,958 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total value of $265,423.48. Following the completion of the transaction, the senior vice president now directly owns 94,392 shares of the company’s stock, valued at approximately $6,329,927.52. This trade represents a 4.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the 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. This trade represents a 1.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,241 shares of company stock valued at $1,061,665 over the last ninety days. 0.38% of the stock is owned by company insiders.

eBay Stock Performance

Shares of eBay stock opened at $67.16 on Monday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The business has a 50-day moving average price of $67.11 and a two-hundred day moving average price of $64.95. eBay Inc. has a 1-year low of $48.52 and a 1-year high of $71.61. The company has a market cap of $31.30 billion, a P/E ratio of 16.87, a PEG ratio of 2.22 and a beta of 1.45.

eBay Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.73%. This is a positive change from eBay’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, March 14th. eBay’s 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.