Sequoia Financial Advisors LLC Raises Holdings in eBay Inc. (NASDAQ:EBAY)

Sequoia Financial Advisors LLC grew its position in shares of eBay Inc. (NASDAQ:EBAY) by 8.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,306 shares of the e-commerce company’s stock after purchasing an additional 1,205 shares during the period. Sequoia Financial Advisors LLC’s holdings in eBay were worth $948,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in EBAY. Golden State Wealth Management LLC purchased a new position in eBay in the fourth quarter worth about $27,000. Quarry LP purchased a new position in eBay in the third quarter worth about $36,000. New Wave Wealth Advisors LLC purchased a new position in eBay in the fourth quarter worth about $36,000. Versant Capital Management Inc grew its position in eBay by 115.5% in the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after acquiring an additional 448 shares in the last quarter. Finally, Washington Trust Advisors Inc. grew its position in eBay by 37.8% in the fourth quarter. Washington Trust Advisors Inc. now owns 839 shares of the e-commerce company’s stock worth $52,000 after acquiring an additional 230 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Stock Performance

Shares of NASDAQ:EBAY opened at $65.28 on Monday. The company has a market capitalization of $30.42 billion, a price-to-earnings ratio of 16.40, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45. eBay Inc. has a 52 week low of $48.52 and a 52 week high of $71.61. 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 50 day moving average of $66.97 and a 200 day moving average of $64.45.

eBay Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.29 dividend. This is an increase 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 dividend on an annualized basis and a yield of 1.78%. eBay’s payout ratio is 29.07%.

Insider Buying and Selling

In other eBay news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total value 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. The trade was a 1.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Cornelius Boone sold 3,989 shares of eBay stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total transaction of $260,082.80. Following the completion of the transaction, the senior vice president now directly owns 71,469 shares in the company, valued at $4,659,778.80. This represents a 5.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,272 shares of company stock valued at $1,056,324 over the last 90 days. Corporate insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. JPMorgan Chase & Co. lifted their price target on eBay from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, February 27th. Wells Fargo & Company reiterated an “equal weight” rating on shares of eBay in a research report on Thursday, February 27th. Citigroup boosted their target price on 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 eBay from a “hold” rating to an “underperform” rating and dropped their target price for the company from $60.00 to $52.00 in a research report on Tuesday, December 10th. Finally, Morgan Stanley boosted their target price on eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $65.54.

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.