O Shaughnessy Asset Management LLC Has $42.78 Million Holdings in eBay Inc. (NASDAQ:EBAY)

O Shaughnessy Asset Management LLC trimmed its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 1.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 690,474 shares of the e-commerce company’s stock after selling 9,355 shares during the period. O Shaughnessy Asset Management LLC owned approximately 0.14% of eBay worth $42,775,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of EBAY. Golden State Wealth Management LLC bought a new position in eBay during the fourth quarter worth $27,000. Quarry LP bought a new position in shares of eBay during the 3rd quarter worth about $36,000. New Wave Wealth Advisors LLC acquired a new stake in shares of eBay in the 4th quarter valued at about $36,000. Lee Danner & Bass Inc. acquired a new stake in shares of eBay in the 4th quarter valued at about $40,000. Finally, Versant Capital Management Inc increased its position in eBay by 115.5% in the 4th 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 in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Stock Performance

NASDAQ:EBAY opened at $67.16 on Friday. The company has a market capitalization of $31.30 billion, a P/E ratio of 16.87, a P/E/G ratio of 2.22 and a beta of 1.45. The business has a fifty day simple moving average of $67.11 and a two-hundred day simple moving average of $64.92. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. eBay Inc. has a 1 year low of $48.52 and a 1 year high of $71.61.

eBay Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were 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 1.73%. The ex-dividend date was Friday, March 14th. eBay’s payout ratio is currently 29.07%.

Insider Buying and Selling at eBay

In other news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total value of $350,887.50. Following the sale, the chief executive officer now owns 542,248 shares of the company’s stock, valued at $33,825,430.24. The trade was a 1.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Stephen J. Priest sold 1,033 shares of the firm’s stock in a transaction that occurred on 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 directly owns 65,080 shares of the company’s stock, valued at approximately $4,225,644.40. This trade represents a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,241 shares of company stock valued at $1,061,665 over the last three months. 0.38% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

EBAY has been the subject of a number of research reports. Cantor Fitzgerald raised their price objective on eBay from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, February 27th. Morgan Stanley lifted their price target 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. JPMorgan Chase & Co. boosted their price target 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. Jefferies Financial Group lowered shares of 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. Finally, Wells Fargo & Company reissued an “equal weight” rating on shares of eBay in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, eBay presently has an average rating of “Hold” and an average target price 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.