Northwest & Ethical Investments L.P. Has $4.65 Million Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Northwest & Ethical Investments L.P. lifted its stake in eBay Inc. (NASDAQ:EBAY) by 8.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 74,972 shares of the e-commerce company’s stock after acquiring an additional 6,072 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in eBay were worth $4,645,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Smithfield Trust Co boosted its holdings in eBay by 3.6% in the fourth quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company’s stock worth $274,000 after purchasing an additional 153 shares in the last quarter. Cypress Wealth Services LLC boosted its holdings in eBay by 4.7% in the fourth quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company’s stock worth $216,000 after purchasing an additional 157 shares in the last quarter. IFP Advisors Inc boosted its holdings in eBay by 7.2% in the fourth quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company’s stock worth $150,000 after purchasing an additional 163 shares in the last quarter. Capital Investment Advisors LLC boosted its holdings in eBay by 4.1% in the fourth quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company’s stock worth $262,000 after purchasing an additional 167 shares in the last quarter. Finally, Bailard Inc. boosted its holdings in eBay by 0.5% in the fourth quarter. Bailard Inc. now owns 34,651 shares of the e-commerce company’s stock worth $2,147,000 after purchasing an additional 169 shares in the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of eBay from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, February 27th. JMP Securities reiterated a “market perform” rating on shares of eBay in a report on Monday, December 16th. Morgan Stanley upped their price target on shares of eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Barclays set a $72.00 price target on shares of eBay and gave the company an “overweight” rating in a report on Thursday, February 27th. Finally, Wells Fargo & Company restated an “equal weight” rating on shares of eBay in a report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, eBay presently has an average rating of “Hold” and an average price target of $65.54.

eBay Stock Performance

NASDAQ:EBAY opened at $66.34 on Friday. eBay Inc. has a 12-month low of $48.52 and a 12-month 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 market capitalization of $30.91 billion, a PE ratio of 16.67, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45. The firm has a 50-day moving average price of $66.99 and a 200 day moving average price of $64.59.

eBay Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.75%. The ex-dividend date is Friday, March 14th. This is a positive change from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio is 29.07%.

Insider Buying and Selling

In other news, SVP Cornelius Boone sold 3,958 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total transaction of $265,423.48. Following the completion of the sale, the senior vice president now owns 94,392 shares of the company’s stock, valued at approximately $6,329,927.52. This trade represents a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a 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 that occurred 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 approximately $33,825,430.24. The trade was a 1.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,241 shares of company stock valued at $1,061,665 over the last quarter. Corporate insiders own 0.38% of the company’s stock.

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.