Allianz SE Makes New $168,000 Investment in eBay Inc. (NASDAQ:EBAY)

Allianz SE bought a new position in shares of eBay Inc. (NASDAQ:EBAY) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 2,700 shares of the e-commerce company’s stock, valued at approximately $168,000.

A number of other institutional investors and hedge funds have also made changes to their positions in EBAY. Smithfield Trust Co boosted its holdings in eBay by 3.6% during the fourth quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company’s stock worth $274,000 after buying an additional 153 shares in the last quarter. Cypress Wealth Services LLC boosted its stake in shares of eBay by 4.7% during the 4th quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company’s stock worth $216,000 after acquiring an additional 157 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of eBay by 7.2% in the 4th quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company’s stock worth $150,000 after acquiring an additional 163 shares during the period. Capital Investment Advisors LLC increased its stake in eBay by 4.1% in the 4th quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company’s stock valued at $262,000 after purchasing an additional 167 shares in the last quarter. Finally, Bailard Inc. raised its holdings in eBay by 0.5% during the fourth quarter. Bailard Inc. now owns 34,651 shares of the e-commerce company’s stock worth $2,147,000 after purchasing an additional 169 shares during the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EBAY has been the subject of a number of research analyst reports. JMP Securities restated a “market perform” rating on shares of eBay in a research report on Monday, December 16th. Citigroup raised their target price on shares of eBay from $75.00 to $80.00 and gave the company a “buy” rating in a report on Friday, February 14th. BMO Capital Markets upped their price target 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. StockNews.com raised shares of eBay from a “hold” rating to a “buy” rating in a research note on Friday, February 28th. Finally, Morgan Stanley upped their target price on eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Two equities research 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, eBay currently has a consensus rating of “Hold” and an average price target of $65.54.

Insider Buying and Selling at eBay

In related news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total transaction of $350,887.50. Following the transaction, the chief executive officer now owns 542,248 shares in the company, valued at approximately $33,825,430.24. The trade was a 1.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Cornelius Boone sold 3,958 shares of the company’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total transaction of $265,423.48. Following the sale, the senior vice president now directly owns 94,392 shares of the company’s stock, valued at approximately $6,329,927.52. This trade represents a 4.02 % 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 ninety days. Corporate insiders own 0.38% of the company’s stock.

eBay Stock Performance

Shares of NASDAQ:EBAY opened at $67.73 on Tuesday. The business has a 50-day moving average of $67.14 and a two-hundred day moving average of $64.99. The firm has a market capitalization of $31.56 billion, a PE ratio of 17.02, 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 current ratio of 1.25 and a quick ratio of 1.25. eBay Inc. has a 12 month low of $48.52 and a 12 month high of $71.61.

eBay Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.29 dividend. This is a positive change from eBay’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.16 annualized dividend and a yield of 1.71%. eBay’s dividend payout ratio (DPR) is presently 29.07%.

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.