Generali Asset Management SPA SGR Invests $7.27 Million in eBay Inc. (NASDAQ:EBAY)

Generali Asset Management SPA SGR acquired a new position in shares of eBay Inc. (NASDAQ:EBAY) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 117,291 shares of the e-commerce company’s stock, valued at approximately $7,266,000.

Several other large investors also recently modified their holdings of the stock. Wellington Management Group LLP acquired a new stake in eBay in the 3rd quarter valued at $105,506,000. Raymond James Financial Inc. acquired a new stake in eBay in the 4th quarter valued at $96,214,000. Amundi grew its position in eBay by 16.8% in the 4th quarter. Amundi now owns 4,719,128 shares of the e-commerce company’s stock valued at $292,350,000 after purchasing an additional 677,389 shares during the period. Allianz Asset Management GmbH grew its position in eBay by 23.2% in the 4th quarter. Allianz Asset Management GmbH now owns 2,460,879 shares of the e-commerce company’s stock valued at $152,451,000 after purchasing an additional 463,015 shares during the period. Finally, DJE Kapital AG acquired a new stake in eBay in the 4th quarter valued at $26,833,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Trading Down 3.3 %

Shares of eBay stock opened at $65.24 on Wednesday. eBay Inc. has a 52-week low of $48.52 and a 52-week high of $71.61. The stock’s 50-day simple moving average is $67.10 and its 200 day simple moving average is $64.56. The stock has a market capitalization of $30.40 billion, a P/E ratio of 16.39, a P/E/G ratio of 2.22 and a beta of 1.45. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25.

eBay Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.29 dividend. This is a boost from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend is Friday, March 14th. eBay’s payout ratio is currently 29.07%.

Analyst Ratings Changes

Several research firms recently issued reports on EBAY. 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. StockNews.com upgraded eBay from a “hold” rating to a “buy” rating in a research note on Friday, February 28th. Jefferies Financial Group cut eBay from a “hold” rating to an “underperform” rating and dropped their price objective for the company from $60.00 to $52.00 in a research note on Tuesday, December 10th. UBS Group raised their price objective on eBay from $66.00 to $72.00 and gave the company a “neutral” rating in a research note on Monday, February 24th. Finally, Benchmark raised their price objective on eBay from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $65.54.

Insider Activity at eBay

In other eBay news, CFO Stephen J. Priest sold 1,033 shares of eBay stock in a transaction dated 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 transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $67.25, for a total value of $378,281.25. Following the transaction, the chief executive officer now directly owns 530,998 shares of the company’s stock, valued at $35,709,615.50. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,283 shares of company stock worth $796,241. Company 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.