Cornercap Investment Counsel Inc. Has $1.82 Million Holdings in eBay Inc. (NASDAQ:EBAY)

Cornercap Investment Counsel Inc. trimmed its holdings in eBay Inc. (NASDAQ:EBAY) by 3.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,343 shares of the e-commerce company’s stock after selling 958 shares during the quarter. eBay comprises 0.6% of Cornercap Investment Counsel Inc.’s portfolio, making the stock its 17th biggest holding. Cornercap Investment Counsel Inc.’s holdings in eBay were worth $1,818,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wellington Management Group LLP bought a new position in shares of eBay during the 3rd quarter valued at about $105,506,000. Raymond James Financial Inc. acquired a new stake in shares of eBay during the fourth quarter worth $96,214,000. Boston Partners increased its stake in eBay by 35.2% during the 4th quarter. Boston Partners now owns 5,856,276 shares of the e-commerce company’s stock worth $362,823,000 after acquiring an additional 1,524,691 shares during the period. Amundi boosted its stake in eBay by 16.8% in the fourth quarter. Amundi now owns 4,719,128 shares of the e-commerce company’s stock valued at $292,350,000 after buying an additional 677,389 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of eBay in the fourth quarter valued at approximately $40,805,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

Analyst Ratings Changes

EBAY has been the subject of several research reports. JPMorgan Chase & Co. lifted their price target on shares of eBay from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, February 27th. Benchmark raised their price target on eBay from $65.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. BMO Capital Markets upped their price objective on shares of eBay from $59.00 to $63.00 and gave the company a “market perform” rating in a research note on Thursday, February 27th. Bank of America dropped their target price on shares of eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a report on Thursday, February 27th. Finally, Barclays set a $72.00 price target on eBay and gave the company an “overweight” rating in a report on Thursday, February 27th. Two 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. Based on data from MarketBeat, eBay has a consensus rating of “Hold” and an average price target of $65.54.

eBay Stock Performance

NASDAQ:EBAY opened at $67.16 on Friday. 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 stock has a 50-day simple moving average of $67.11 and a two-hundred day simple moving average of $64.89. The firm has a market capitalization of $31.30 billion, a PE ratio of 16.87, a P/E/G 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.

eBay Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.73%. This is a boost from eBay’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, March 14th. eBay’s dividend payout ratio (DPR) is presently 29.07%.

Insider Activity at eBay

In other news, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $33,825,430.24. This represents a 1.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Cornelius Boone sold 3,958 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total value of $265,423.48. Following the completion of the transaction, the senior vice president now directly owns 94,392 shares in the company, valued at approximately $6,329,927.52. This trade represents a 4.02 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,241 shares of company stock valued at $1,061,665. Insiders own 0.38% of the company’s stock.

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.