Heron Bay Capital Management Has $6.43 Million Stake in eBay Inc. (NASDAQ:EBAY)

Heron Bay Capital Management grew its stake in eBay Inc. (NASDAQ:EBAY) by 0.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 103,726 shares of the e-commerce company’s stock after buying an additional 808 shares during the period. eBay makes up approximately 1.3% of Heron Bay Capital Management’s holdings, making the stock its 26th biggest position. Heron Bay Capital Management’s holdings in eBay were worth $6,426,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in EBAY. Golden State Wealth Management LLC bought a new position in eBay in the 4th quarter worth $27,000. Quarry LP acquired a new stake in shares of eBay in the third quarter valued at about $36,000. New Wave Wealth Advisors LLC bought a new position in shares of eBay in the fourth quarter worth about $36,000. Lee Danner & Bass Inc. acquired a new position in shares of eBay during the 4th quarter worth about $40,000. Finally, Versant Capital Management Inc boosted its stake in eBay by 115.5% during the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after purchasing an additional 448 shares during the period. Institutional investors own 87.48% of the company’s stock.

Analysts Set New Price Targets

EBAY has been the subject of a number of research analyst reports. Wedbush assumed coverage on eBay in a report on Monday, December 9th. They set a “neutral” rating and a $70.00 price target for the company. Barclays set a $72.00 target price on shares of eBay and gave the company an “overweight” rating in a research note on Thursday, February 27th. Citigroup raised their price target on shares of eBay from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. UBS Group raised their price objective on eBay from $66.00 to $72.00 and gave the stock a “neutral” rating in a research report on Monday, February 24th. Finally, Bank of America decreased their target price on shares of eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $65.54.

eBay Stock Down 0.8 %

Shares of EBAY opened at $65.78 on Friday. The firm has a market capitalization of $30.65 billion, a price-to-earnings ratio of 16.53, a PEG 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 debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The business’s fifty day moving average price is $66.99 and its two-hundred day moving average price is $64.68.

eBay Increases Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 1.76%. This is a positive change from eBay’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, March 14th. eBay’s dividend payout ratio (DPR) is presently 29.07%.

Insiders Place Their Bets

In other news, CFO Stephen J. Priest sold 1,033 shares of eBay stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $64.93, for a total transaction of $67,072.69. Following the completion of the sale, the chief financial officer now owns 65,080 shares in the company, valued at $4,225,644.40. The trade was a 1.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $67.25, for a total transaction of $378,281.25. Following the completion of the transaction, the chief executive officer now owns 530,998 shares in the company, valued at $35,709,615.50. This represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 16,241 shares of company stock valued at $1,061,665. 0.38% of the stock is currently owned by insiders.

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.