76,850 Shares in eBay Inc. (NASDAQ:EBAY) Acquired by Generali Investments CEE investicni spolecnost a.s.

Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of eBay Inc. (NASDAQ:EBAY) during the 4th quarter, Holdings Channel reports. The firm acquired 76,850 shares of the e-commerce company’s stock, valued at approximately $4,761,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of EBAY. Golden State Wealth Management LLC purchased a new stake in eBay during the 4th quarter worth approximately $27,000. Quarry LP purchased a new stake in eBay during the 3rd quarter worth approximately $36,000. New Wave Wealth Advisors LLC purchased a new stake in eBay during the 4th quarter worth approximately $36,000. Versant Capital Management Inc increased its holdings in eBay by 115.5% during the 4th 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 last quarter. Finally, Washington Trust Advisors Inc. increased its holdings in eBay by 37.8% during the 4th quarter. Washington Trust Advisors Inc. now owns 839 shares of the e-commerce company’s stock worth $52,000 after purchasing an additional 230 shares during the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on EBAY. BMO Capital Markets lifted their price objective on eBay from $59.00 to $63.00 and gave the stock a “market perform” rating in a report on Thursday, February 27th. UBS Group boosted their price target on eBay from $66.00 to $72.00 and gave the company a “neutral” rating in a report on Monday, February 24th. Morgan Stanley boosted their price objective on eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. JPMorgan Chase & Co. boosted their price objective on eBay from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, February 27th. Finally, Wells Fargo & Company boosted their price objective on eBay from $61.00 to $64.00 and gave the company an “equal weight” rating in a research report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $65.54.

eBay Trading Up 3.9 %

Shares of eBay stock opened at $70.51 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm has a market cap of $32.86 billion, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45. The business has a fifty day simple moving average of $66.60 and a 200-day simple moving average of $64.13. eBay Inc. has a fifty-two week low of $48.52 and a fifty-two week high of $71.61.

eBay Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.29 dividend. This is a positive change from eBay’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.65%. eBay’s dividend payout ratio is 29.07%.

Insider Transactions at eBay

In other news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction 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 sale, the chief executive officer now directly owns 542,248 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at this link. Also, CFO Stephen J. Priest sold 5,252 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $63.63, for a total value of $334,184.76. Following the sale, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,141,040.40. This trade represents a 7.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,524 shares of company stock valued at $1,390,509 over the last three months. Company insiders own 0.38% of the company’s stock.

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.