Beutel Goodman & Co Ltd. Has $435.25 Million Stock Position in eBay Inc. (NASDAQ:EBAY)

Beutel Goodman & Co Ltd. decreased its position in shares of eBay Inc. (NASDAQ:EBAY) by 0.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,025,770 shares of the e-commerce company’s stock after selling 15,000 shares during the period. eBay comprises 2.4% of Beutel Goodman & Co Ltd.’s holdings, making the stock its 6th largest holding. Beutel Goodman & Co Ltd. owned approximately 1.47% of eBay worth $435,246,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in EBAY. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of eBay by 2.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company’s stock valued at $3,489,000 after acquiring an additional 1,063 shares in the last quarter. Kestra Investment Management LLC boosted its stake in shares of eBay by 172.5% during the fourth quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company’s stock valued at $692,000 after purchasing an additional 7,074 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of eBay by 5,091.9% during the fourth quarter. Van ECK Associates Corp now owns 142,051 shares of the e-commerce company’s stock worth $8,800,000 after purchasing an additional 139,315 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of eBay by 35.1% in the fourth quarter. Jones Financial Companies Lllp now owns 8,121 shares of the e-commerce company’s stock valued at $503,000 after buying an additional 2,110 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in eBay in the 4th quarter valued at approximately $8,644,000. 87.48% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP Cornelius Boone sold 3,958 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total value of $265,423.48. Following the completion of the sale, the senior vice president now owns 94,392 shares in the company, valued at $6,329,927.52. This represents a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $67.25, for a total transaction of $378,281.25. Following the transaction, the chief executive officer now directly owns 530,998 shares in the company, valued at $35,709,615.50. The trade was a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,241 shares of company stock worth $1,061,665 over the last 90 days. 0.38% of the stock is currently owned by corporate insiders.

eBay Stock Up 0.5 %

Shares of NASDAQ EBAY opened at $67.16 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. eBay Inc. has a 1 year low of $48.52 and a 1 year high of $71.61. The stock has a market capitalization of $31.30 billion, a P/E ratio of 16.87, a P/E/G ratio of 2.22 and a beta of 1.45. The company has a 50-day moving average price of $67.11 and a 200-day moving average price of $64.89.

eBay Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 1.73%. eBay’s dividend payout ratio is 29.07%.

Analysts Set New Price Targets

Several brokerages have commented on EBAY. Bank of America cut their target price on eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a report on Thursday, February 27th. Susquehanna lifted their price objective on eBay from $60.00 to $65.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. JPMorgan Chase & Co. upped their target price on eBay from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, February 27th. Needham & Company LLC restated a “buy” rating and set a $72.00 price target on shares of eBay in a report on Thursday, February 27th. Finally, BMO Capital Markets boosted their price target on shares of eBay from $59.00 to $63.00 and gave the stock a “market perform” rating in a research report on Thursday, February 27th. Two 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, eBay has a consensus rating of “Hold” and an average target price of $65.54.

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.