National Bank of Canada FI Sells 49,040 Shares of eBay Inc. (NASDAQ:EBAY)

National Bank of Canada FI lessened its holdings in eBay Inc. (NASDAQ:EBAY) by 23.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 159,547 shares of the e-commerce company’s stock after selling 49,040 shares during the period. National Bank of Canada FI’s holdings in eBay were worth $9,886,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new stake in eBay during the fourth quarter valued at about $27,000. Quarry LP purchased a new position in shares of eBay during the 3rd quarter valued at about $36,000. New Wave Wealth Advisors LLC purchased a new position in shares of eBay during the 4th quarter valued at about $36,000. Lee Danner & Bass Inc. bought a new position in shares of eBay during the 4th quarter valued at approximately $40,000. Finally, Versant Capital Management Inc increased its holdings in eBay by 115.5% in the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after acquiring an additional 448 shares in the last quarter. 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 company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total transaction of $378,281.25. Following the completion of the sale, the chief executive officer now owns 530,998 shares in the company, valued at $35,709,615.50. This represents a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stephen J. Priest sold 28,060 shares of eBay stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $67.82, for a total value of $1,903,029.20. Following the completion of the transaction, the chief financial officer now owns 65,080 shares in the company, valued at $4,413,725.60. This represents a 30.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,676 shares of company stock valued at $2,613,807. Company insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on EBAY shares. 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 report on Monday, January 13th. Stifel Nicolaus dropped their target price 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. Susquehanna raised their price target on eBay from $60.00 to $65.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Citigroup boosted their price objective on eBay from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Finally, Benchmark lifted their target price 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, seventeen have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, eBay has an average rating of “Hold” and an average price target of $65.46.

eBay Price Performance

Shares of EBAY stock opened at $62.40 on Friday. eBay Inc. has a twelve month low of $48.52 and a twelve month high of $71.61. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The stock has a fifty day simple moving average of $67.26 and a two-hundred day simple moving average of $65.03. The stock has a market capitalization of $29.08 billion, a price-to-earnings ratio of 15.68, a P/E/G ratio of 2.22 and a beta of 1.43.

eBay Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.86%. This is a boost from eBay’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, March 14th. eBay’s dividend payout ratio is presently 29.07%.

eBay Company 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.