3,902 Shares in eBay Inc. (NASDAQ:EBAY) Acquired by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd purchased a new position in eBay Inc. (NASDAQ:EBAY) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,902 shares of the e-commerce company’s stock, valued at approximately $242,000.

A number of other institutional investors also recently added to or reduced their stakes in EBAY. ProVise Management Group LLC lifted its position in shares of eBay by 2.8% during the 4th quarter. ProVise Management Group LLC now owns 144,599 shares of the e-commerce company’s stock worth $8,958,000 after buying an additional 3,958 shares during the last quarter. Xponance Inc. lifted its position in shares of eBay by 5.9% during the 4th quarter. Xponance Inc. now owns 86,190 shares of the e-commerce company’s stock worth $5,339,000 after buying an additional 4,813 shares during the last quarter. Boston Partners lifted its position in shares of 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 buying an additional 1,524,691 shares during the last quarter. Intech Investment Management LLC lifted its position in shares of eBay by 2,818.9% during the 4th quarter. Intech Investment Management LLC now owns 345,482 shares of the e-commerce company’s stock worth $21,403,000 after buying an additional 333,646 shares during the last quarter. Finally, Generali Asset Management SPA SGR purchased a new stake in shares of eBay during the 4th quarter worth approximately $7,266,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insider Buying and Selling at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $67.25, for a total transaction of $378,281.25. Following the completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Stephen J. Priest sold 1,033 shares of the firm’s 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 sale, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,225,644.40. This represents a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 16,241 shares of company stock worth $1,061,665. 0.38% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

EBAY has been the subject of several recent analyst reports. Citigroup boosted 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. JPMorgan Chase & Co. lifted their target price on shares of eBay from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, February 27th. JMP Securities reaffirmed a “market perform” rating on shares of eBay in a report on Monday, December 16th. BMO Capital Markets lifted their target price on shares of eBay from $59.00 to $63.00 and gave the company a “market perform” rating in a report on Thursday, February 27th. Finally, Jefferies Financial Group cut shares of eBay from a “hold” rating to an “underperform” rating and cut their target price for the company from $60.00 to $52.00 in a report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, eBay currently has an average rating of “Hold” and an average target price of $65.54.

eBay Stock Performance

Shares of EBAY opened at $66.34 on Friday. The company has a 50-day simple moving average of $66.99 and a 200-day simple moving average of $64.59. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $30.91 billion, a PE ratio of 16.67, a P/E/G ratio of 2.22 and a beta of 1.45. eBay Inc. has a 52-week low of $48.52 and a 52-week high of $71.61.

eBay Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.29 per share. This is an increase from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 1.75%. The ex-dividend date is Friday, March 14th. eBay’s dividend payout ratio (DPR) is 29.07%.

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.