Kathmere Capital Management LLC Purchases 173 Shares of eBay Inc. (NASDAQ:EBAY)

Kathmere Capital Management LLC raised its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,250 shares of the e-commerce company’s stock after acquiring an additional 173 shares during the period. Kathmere Capital Management LLC’s holdings in eBay were worth $883,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. DekaBank Deutsche Girozentrale raised its position in eBay by 21.7% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 142,419 shares of the e-commerce company’s stock worth $7,577,000 after purchasing an additional 25,439 shares during the period. Thoroughbred Financial Services LLC bought a new position in shares of eBay during the second quarter valued at about $200,000. Oppenheimer Asset Management Inc. increased its holdings in shares of eBay by 28.9% in the second quarter. Oppenheimer Asset Management Inc. now owns 34,716 shares of the e-commerce company’s stock worth $1,865,000 after buying an additional 7,791 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of eBay by 38.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,078,622 shares of the e-commerce company’s stock valued at $57,944,000 after acquiring an additional 301,838 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in eBay by 8.6% in the second quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company’s stock valued at $361,159,000 after purchasing an additional 530,941 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

EBAY has been the topic of several analyst reports. UBS Group decreased their target price on shares of eBay from $72.00 to $66.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Citigroup upped their price objective on shares of eBay from $68.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Morgan Stanley boosted their price target on eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Monday. JMP Securities restated a “market perform” rating on shares of eBay in a report on Monday, December 16th. Finally, Piper Sandler boosted their price objective on shares of eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $62.83.

Insider Activity at eBay

In related news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total transaction of $355,556.25. Following the completion of the sale, the chief executive officer now directly owns 531,167 shares in the company, valued at approximately $33,575,066.07. The trade was a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Cornelius Boone sold 3,989 shares of eBay stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total transaction of $260,082.80. Following the transaction, the senior vice president now owns 71,469 shares in the company, valued at $4,659,778.80. This represents a 5.29 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,116 shares of company stock worth $1,637,705. 0.38% of the stock is owned by insiders.

eBay Stock Down 2.0 %

Shares of eBay stock opened at $64.41 on Wednesday. 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 twelve month low of $40.16 and a twelve month high of $71.52. The company has a market cap of $30.85 billion, a price-to-earnings ratio of 16.18, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. The company’s 50 day moving average is $63.40 and its 200 day moving average is $60.82.

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Friday, November 29th. eBay’s payout ratio is currently 27.14%.

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.