Cibc World Markets Corp Purchases 12,391 Shares of eBay Inc. (NASDAQ:EBAY)

Cibc World Markets Corp boosted its stake in eBay Inc. (NASDAQ:EBAY) by 18.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 79,503 shares of the e-commerce company’s stock after acquiring an additional 12,391 shares during the period. Cibc World Markets Corp’s holdings in eBay were worth $4,925,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in EBAY. Greenwich Wealth Management LLC grew its stake in eBay by 1.4% during the fourth quarter. Greenwich Wealth Management LLC now owns 28,755 shares of the e-commerce company’s stock valued at $1,781,000 after acquiring an additional 394 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of eBay by 9.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 29,937 shares of the e-commerce company’s stock worth $1,855,000 after acquiring an additional 2,589 shares during the last quarter. Choate Investment Advisors lifted its holdings in shares of eBay by 4.8% in the 4th quarter. Choate Investment Advisors now owns 13,220 shares of the e-commerce company’s stock worth $819,000 after acquiring an additional 609 shares during the last quarter. Frank Rimerman Advisors LLC lifted its holdings in shares of eBay by 6.0% in the 4th quarter. Frank Rimerman Advisors LLC now owns 6,148 shares of the e-commerce company’s stock worth $381,000 after acquiring an additional 347 shares during the last quarter. Finally, Atala Financial Inc bought a new stake in shares of eBay in the 4th quarter worth approximately $110,000. Institutional investors own 87.48% of the company’s stock.

eBay Stock Up 3.0 %

NASDAQ:EBAY opened at $67.20 on Thursday. eBay Inc. has a twelve month low of $48.52 and a twelve month high of $71.61. The company has a market cap of $31.32 billion, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45. The stock has a fifty day simple moving average of $67.05 and a 200-day simple moving average of $64.58. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.73%. This is an increase from eBay’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, March 14th. eBay’s dividend payout ratio (DPR) is 29.07%.

Analyst Upgrades and Downgrades

EBAY has been the subject of a number of recent analyst reports. Susquehanna upped their price target on shares of eBay from $60.00 to $65.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. BMO Capital Markets upped their target price 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. JPMorgan Chase & Co. upped their target price on shares of eBay from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, February 27th. Morgan Stanley increased their price objective on shares of eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Finally, Needham & Company LLC restated a “buy” rating and set a $72.00 target price on shares of eBay in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $65.54.

Insider Transactions at eBay

In other news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total transaction of $378,281.25. Following the completion of the sale, the chief executive officer now directly owns 530,998 shares in the company, valued at approximately $35,709,615.50. This trade represents a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Stephen J. Priest sold 1,033 shares of eBay stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $64.93, for a total value of $67,072.69. Following the completion of the sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at $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. Over the last ninety days, insiders sold 12,283 shares of company stock worth $796,241. 0.38% of the stock is currently owned by insiders.

eBay 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.