OFI Invest Asset Management Takes Position in eBay Inc. (NASDAQ:EBAY)

OFI Invest Asset Management bought a new stake in eBay Inc. (NASDAQ:EBAY) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 3,000 shares of the e-commerce company’s stock, valued at approximately $179,000.

Other large investors also recently made changes to their positions in the company. Smithfield Trust Co raised its holdings in eBay by 3.6% during the 4th quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company’s stock valued at $274,000 after acquiring an additional 153 shares during the period. Cypress Wealth Services LLC grew its position in shares of eBay by 4.7% during the 4th quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company’s stock valued at $216,000 after purchasing an additional 157 shares in the last quarter. IFP Advisors Inc grew its position in shares of eBay by 7.2% during the 4th quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company’s stock valued at $150,000 after purchasing an additional 163 shares in the last quarter. Capital Investment Advisors LLC grew its position in shares of eBay by 4.1% during the 4th quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company’s stock valued at $262,000 after purchasing an additional 167 shares in the last quarter. Finally, Bailard Inc. grew its position in shares of eBay by 0.5% during the 4th quarter. Bailard Inc. now owns 34,651 shares of the e-commerce company’s stock valued at $2,147,000 after purchasing an additional 169 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on EBAY shares. Bank of America reduced their price target on shares of eBay from $72.00 to $71.00 and set a “neutral” rating for the company in a research report on Thursday, February 27th. Susquehanna boosted their price target on shares of eBay from $60.00 to $65.00 and gave the company a “neutral” rating in a research report on Monday, March 3rd. Citigroup boosted their price target on shares of eBay from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Jefferies Financial Group lowered shares of eBay from a “hold” rating to an “underperform” rating and reduced their price target for the company from $60.00 to $52.00 in a research report on Tuesday, December 10th. Finally, StockNews.com upgraded shares of eBay from a “hold” rating to a “buy” rating in a research report on Friday, February 28th. Two equities 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. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $65.54.

eBay Stock Performance

eBay stock opened at $68.19 on Tuesday. 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 company has a market capitalization of $31.78 billion, a PE ratio of 17.13, a P/E/G ratio of 2.22 and a beta of 1.45. The firm has a fifty day simple moving average of $66.72 and a two-hundred day simple moving average of $64.28. eBay Inc. has a twelve month low of $48.52 and a twelve month 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 paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.70%. This is an increase from eBay’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, March 14th. eBay’s dividend payout ratio is 29.07%.

Insider Activity

In other news, CFO Stephen J. Priest sold 5,252 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $63.63, for a total transaction of $334,184.76. Following the completion of the transaction, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at approximately $4,141,040.40. This represents a 7.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total transaction of $350,887.50. Following the transaction, the chief executive officer now directly owns 542,248 shares of the company’s stock, valued at approximately $33,825,430.24. This trade represents a 1.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,524 shares of company stock valued at $1,390,509. 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.