eBay Inc. (NASDAQ:EBAY) Position Lessened by M Holdings Securities Inc.

M Holdings Securities Inc. reduced its stake in shares of eBay Inc. (NASDAQ:EBAY) by 93.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 771 shares of the e-commerce company’s stock after selling 11,667 shares during the quarter. M Holdings Securities Inc.’s holdings in eBay were worth $48,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new position in shares of eBay during the fourth quarter worth about $27,000. Quarry LP acquired a new position in eBay during the 3rd quarter valued at about $36,000. New Wave Wealth Advisors LLC bought a new position in eBay in the 4th quarter worth about $36,000. Lee Danner & Bass Inc. acquired a new stake in shares of eBay in the fourth quarter valued at approximately $40,000. Finally, Versant Capital Management Inc raised its holdings in shares of 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 during the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

eBay Trading Down 0.8 %

NASDAQ EBAY opened at $65.78 on Friday. The firm’s 50 day moving average price is $66.99 and its two-hundred day moving average price is $64.68. 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 Inc. has a twelve month low of $48.52 and a twelve month high of $71.61. The stock has a market cap of $30.65 billion, a price-to-earnings ratio of 16.53, a PEG ratio of 2.22 and a beta of 1.45.

eBay Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors 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 yield of 1.76%. This is a positive change from eBay’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, March 14th. eBay’s payout ratio is presently 29.07%.

Insider Activity at eBay

In other news, SVP Cornelius Boone sold 3,958 shares of the company’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total value of $265,423.48. Following the transaction, the senior vice president now owns 94,392 shares in the company, valued at $6,329,927.52. This represents a 4.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $62.38, for a total transaction of $350,887.50. Following the sale, the chief executive officer now 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. Over the last ninety days, insiders have sold 16,241 shares of company stock valued at $1,061,665. Company insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on EBAY. Benchmark raised their target price on eBay from $65.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Citigroup raised their price target on eBay from $75.00 to $80.00 and gave the company a “buy” rating in a report on Friday, February 14th. Stifel Nicolaus reduced their price objective on shares of eBay from $64.00 to $63.00 and set a “hold” rating for the company in a report on Thursday, February 27th. JPMorgan Chase & Co. raised their target price on shares of eBay from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, February 27th. Finally, StockNews.com raised shares of eBay from a “hold” rating to a “buy” rating in a research note on Friday, February 28th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $65.54.

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.