eBay Inc. (NASDAQ:EBAY) Shares Sold by 1ST Source Bank

1ST Source Bank decreased its holdings in eBay Inc. (NASDAQ:EBAY) by 3.3% during the 4th quarter, HoldingsChannel reports. The fund owned 9,273 shares of the e-commerce company’s stock after selling 320 shares during the quarter. 1ST Source Bank’s holdings in eBay were worth $574,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in shares of eBay in the fourth quarter worth about $27,000. Quarry LP acquired a new stake in eBay during the third quarter valued at approximately $36,000. New Wave Wealth Advisors LLC acquired a new stake in eBay during the fourth quarter valued at approximately $36,000. Versant Capital Management Inc raised its stake in eBay by 115.5% during the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after buying an additional 448 shares in the last quarter. Finally, Washington Trust Advisors Inc. raised its stake in eBay by 37.8% during the fourth quarter. Washington Trust Advisors Inc. now owns 839 shares of the e-commerce company’s stock valued at $52,000 after buying an additional 230 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on EBAY shares. Bank of America cut their price objective on eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a research note on Thursday, February 27th. Citigroup upped their price objective on eBay from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Wedbush assumed coverage on eBay in a research note on Monday, December 9th. They set a “neutral” rating and a $70.00 price objective on the stock. Susquehanna increased their price target on eBay from $60.00 to $65.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. Finally, StockNews.com upgraded eBay from a “hold” rating to a “buy” rating in a research report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, eBay currently has a consensus rating of “Hold” and an average price target of $65.54.

eBay Stock Performance

Shares of NASDAQ EBAY opened at $67.44 on Tuesday. The stock has a fifty day moving average price of $67.06 and a two-hundred day moving average price of $64.52. 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 firm has a market cap of $31.43 billion, a P/E ratio of 16.94, a PEG ratio of 2.22 and a beta of 1.45. eBay Inc. has a 1 year low of $48.52 and a 1 year high of $71.61.

eBay Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.29 per share. This is a positive change from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Friday, March 14th. eBay’s dividend payout ratio (DPR) is presently 29.07%.

Insider Buying and Selling at eBay

In other news, CFO Stephen J. Priest sold 1,033 shares of the firm’s stock in a transaction on Thursday, January 16th. The stock was 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 directly owns 65,080 shares of the company’s stock, valued at $4,225,644.40. This trade represents a 1.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $62.38, for a total value of $350,887.50. Following the sale, the chief executive officer now directly owns 542,248 shares of the company’s stock, valued at approximately $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. In the last ninety days, insiders sold 12,283 shares of company stock valued at $796,241. 0.38% of the stock is 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.