Smartleaf Asset Management LLC Grows Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Smartleaf Asset Management LLC boosted its stake in eBay Inc. (NASDAQ:EBAY) by 4.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,979 shares of the e-commerce company’s stock after acquiring an additional 253 shares during the period. Smartleaf Asset Management LLC’s holdings in eBay were worth $371,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EBAY. Maia Wealth LLC increased its holdings in shares of eBay by 38.9% in the fourth quarter. Maia Wealth LLC now owns 4,824 shares of the e-commerce company’s stock valued at $322,000 after purchasing an additional 1,351 shares during the period. Cape Investment Advisory Inc. grew its position in eBay by 13.7% in the 4th quarter. Cape Investment Advisory Inc. now owns 1,619 shares of the e-commerce company’s stock valued at $100,000 after buying an additional 195 shares during the last quarter. Williamson Legacy Group LLC grew its position in eBay by 21.5% in the 4th quarter. Williamson Legacy Group LLC now owns 18,382 shares of the e-commerce company’s stock valued at $1,139,000 after buying an additional 3,255 shares during the last quarter. US Bancorp DE increased its stake in eBay by 8.3% in the 4th quarter. US Bancorp DE now owns 100,657 shares of the e-commerce company’s stock valued at $6,236,000 after buying an additional 7,725 shares during the period. Finally, SVB Wealth LLC purchased a new position in eBay during the 4th quarter worth $1,310,000. 87.48% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at eBay

In other eBay news, CFO Stephen J. Priest sold 1,033 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $64.93, for a total value of $67,072.69. Following the completion of the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at approximately $4,225,644.40. The trade was a 1.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction on 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 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 a total of 21,524 shares of company stock valued at $1,390,509 over the last quarter. Insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EBAY. Citigroup lifted their target price on shares of eBay from $75.00 to $80.00 and gave the company a “buy” rating in a report on Friday, February 14th. Susquehanna lifted their price objective on eBay from $60.00 to $65.00 and gave the company a “neutral” rating in a report on Monday. Benchmark increased their target price on eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Needham & Company LLC restated a “buy” rating and issued a $72.00 price target on shares of eBay in a research note on Thursday, February 27th. Finally, Morgan Stanley increased their price objective on eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $65.54.

eBay Price Performance

EBAY stock opened at $66.67 on Wednesday. The stock’s 50 day moving average price is $66.31 and its 200 day moving average price is $63.98. The firm has a market cap of $31.07 billion, a P/E ratio of 16.75, a PEG ratio of 2.22 and a beta of 1.45. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a 1 year low of $48.52 and a 1 year high of $71.61.

eBay Increases Dividend

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