Candriam S.C.A. Increases Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Candriam S.C.A. lifted its position in eBay Inc. (NASDAQ:EBAY) by 94.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 812,571 shares of the e-commerce company’s stock after purchasing an additional 394,588 shares during the quarter. Candriam S.C.A. owned about 0.17% of eBay worth $50,339,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Nordea Investment Management AB grew its holdings in shares of eBay by 3.8% in the fourth quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock valued at $573,220,000 after purchasing an additional 335,035 shares during the period. Victory Capital Management Inc. grew its holdings in shares of eBay by 1.4% in the fourth quarter. Victory Capital Management Inc. now owns 5,936,508 shares of the e-commerce company’s stock valued at $367,767,000 after purchasing an additional 82,904 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of eBay by 4.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,447,627 shares of the e-commerce company’s stock valued at $354,695,000 after purchasing an additional 216,162 shares during the period. Smead Capital Management Inc. boosted its stake in eBay by 3.5% during the third quarter. Smead Capital Management Inc. now owns 3,725,760 shares of the e-commerce company’s stock worth $242,584,000 after buying an additional 125,708 shares during the period. Finally, Allianz Asset Management GmbH boosted its stake in eBay by 23.2% during the fourth quarter. Allianz Asset Management GmbH now owns 2,460,879 shares of the e-commerce company’s stock worth $152,451,000 after buying an additional 463,015 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Analysts Set New Price Targets

EBAY has been the subject of several research analyst reports. Stifel Nicolaus lowered their target price on shares of eBay from $64.00 to $63.00 and set a “hold” rating for the company in a research note on Thursday, February 27th. UBS Group increased their price target on shares of eBay from $66.00 to $72.00 and gave the stock a “neutral” rating in a research report on Monday, February 24th. Benchmark increased their price target on shares of eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $72.00 target price on shares of eBay in a report on Thursday, February 27th. Finally, Cantor Fitzgerald raised their target price on shares of eBay from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, February 27th. 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 MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $65.54.

eBay Stock Down 0.2 %

EBAY opened at $66.55 on Thursday. 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 Inc. has a 12 month low of $48.52 and a 12 month high of $71.61. The stock has a market capitalization of $31.01 billion, a price-to-earnings ratio of 16.72, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45. The business has a 50-day moving average of $66.37 and a two-hundred day moving average of $64.00.

eBay Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.29 per share. The ex-dividend date 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 payout ratio is presently 29.07%.

Insider Transactions at eBay

In other news, CFO Stephen J. Priest sold 5,252 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $63.63, for a total transaction of $334,184.76. Following the completion of the sale, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,141,040.40. The trade was a 7.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 owns 542,248 shares of the company’s stock, valued at $33,825,430.24. The trade was a 1.03 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,524 shares of company stock worth $1,390,509. 0.38% of the stock is currently owned by company insiders.

eBay 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.