eBay Inc. (NASDAQ:EBAY) Shares Sold by Kiltearn Partners LLP

Kiltearn Partners LLP decreased its position in eBay Inc. (NASDAQ:EBAY) by 15.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 218,094 shares of the e-commerce company’s stock after selling 39,800 shares during the quarter. eBay accounts for approximately 2.2% of Kiltearn Partners LLP’s holdings, making the stock its 21st largest position. Kiltearn Partners LLP’s holdings in eBay were worth $13,511,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in EBAY. Cerity Partners LLC raised its stake in eBay by 30.0% during the third quarter. Cerity Partners LLC now owns 90,569 shares of the e-commerce company’s stock worth $5,897,000 after acquiring an additional 20,899 shares during the period. Larson Financial Group LLC raised its position in shares of eBay by 15.1% during the 3rd quarter. Larson Financial Group LLC now owns 2,981 shares of the e-commerce company’s stock worth $194,000 after purchasing an additional 391 shares during the period. Dai ichi Life Insurance Company Ltd lifted its holdings in shares of eBay by 335.6% in the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 19,470 shares of the e-commerce company’s stock worth $1,268,000 after purchasing an additional 15,000 shares during the last quarter. Brooklyn Investment Group acquired a new position in eBay during the 3rd quarter valued at approximately $109,000. Finally, Avestar Capital LLC grew its stake in eBay by 19.7% during the 3rd quarter. Avestar Capital LLC now owns 6,441 shares of the e-commerce company’s stock worth $419,000 after buying an additional 1,058 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Trading Up 1.9 %

NASDAQ:EBAY opened at $66.81 on Friday. The stock’s 50-day moving average is $67.09 and its two-hundred day moving average is $64.84. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market cap of $31.13 billion, a PE ratio of 16.79, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45. eBay Inc. has a fifty-two week low of $48.52 and a fifty-two week high of $71.61.

eBay Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given 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 1.74%. eBay’s dividend payout ratio is presently 29.07%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on EBAY shares. Barclays set a $72.00 target price on eBay and gave the company an “overweight” rating in a research note on Thursday, February 27th. Stifel Nicolaus dropped their price target on shares of eBay from $64.00 to $63.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. BMO Capital Markets increased their price objective on eBay from $59.00 to $63.00 and gave the stock a “market perform” rating in a report on Thursday, February 27th. Benchmark increased their price target on eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Finally, Jefferies Financial Group lowered shares of eBay from a “hold” rating to an “underperform” rating and decreased their target price for the company from $60.00 to $52.00 in a research report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $65.54.

Insider Buying and Selling at eBay

In other eBay news, 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 transaction, the chief executive officer now owns 542,248 shares in the company, valued at $33,825,430.24. The trade was a 1.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Stephen J. Priest sold 1,033 shares of the company’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $64.93, for a total value of $67,072.69. Following the completion of the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at approximately $4,225,644.40. The trade was a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,241 shares of company stock valued at $1,061,665 in the last quarter. Company 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.