Maridea Wealth Management LLC Takes Position in eBay Inc. (NASDAQ:EBAY)

Maridea Wealth Management LLC acquired a new stake in eBay Inc. (NASDAQ:EBAY) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 5,230 shares of the e-commerce company’s stock, valued at approximately $324,000.

Several other hedge funds have also added to or reduced their stakes in EBAY. Nordea Investment Management AB increased its holdings in shares of eBay by 3.8% in the fourth quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock worth $573,220,000 after acquiring an additional 335,035 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of eBay by 1.4% in the 4th quarter. Victory Capital Management Inc. now owns 5,936,508 shares of the e-commerce company’s stock valued at $367,767,000 after purchasing an additional 82,904 shares during the period. 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 purchasing an additional 1,524,691 shares in the last quarter. Amundi raised its holdings in eBay by 16.8% during the 4th quarter. Amundi now owns 4,719,128 shares of the e-commerce company’s stock worth $292,350,000 after buying an additional 677,389 shares during the period. Finally, Allianz Asset Management GmbH raised its holdings in eBay by 23.2% during the 4th quarter. Allianz Asset Management GmbH now owns 2,460,879 shares of the e-commerce company’s stock worth $152,451,000 after buying an additional 463,015 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Citigroup increased their price objective 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. Wedbush initiated coverage on eBay in a report on Monday, December 9th. They set a “neutral” rating and a $70.00 target price for the company. Cantor Fitzgerald lifted their price target on eBay from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, February 27th. BMO Capital Markets upped their price objective on eBay from $59.00 to $63.00 and gave the stock a “market perform” rating in a research report on Thursday, February 27th. Finally, Barclays set a $72.00 price objective on eBay and gave the stock an “overweight” rating in a report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $65.54.

eBay Trading Up 0.5 %

Shares of NASDAQ:EBAY opened at $67.16 on Friday. The stock has a market cap of $31.30 billion, a PE ratio of 16.87, a P/E/G ratio of 2.22 and a beta of 1.45. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 12-month low of $48.52 and a 12-month high of $71.61. The business has a 50 day moving average of $67.11 and a 200-day moving average of $64.92.

eBay Increases Dividend

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

Insider Transactions at eBay

In other eBay news, SVP Cornelius Boone sold 3,958 shares of the business’s 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 of the company’s stock, valued at $6,329,927.52. The trade was a 4.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 transaction, the chief executive officer now directly owns 542,248 shares in the company, valued at $33,825,430.24. This represents a 1.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,241 shares of company stock valued at $1,061,665. 0.38% of the stock is currently owned by corporate 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.