Twin Tree Management LP Cuts Stock Position in eBay Inc. (NASDAQ:EBAY)

Twin Tree Management LP decreased its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 9.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 90,643 shares of the e-commerce company’s stock after selling 9,008 shares during the period. Twin Tree Management LP’s holdings in eBay were worth $5,615,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in EBAY. Golden State Wealth Management LLC purchased a new position in eBay during the fourth quarter valued at $27,000. Quarry LP acquired 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 eBay in the 4th quarter worth about $36,000. Versant Capital Management Inc increased its stake in eBay by 115.5% during the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after buying an additional 448 shares in the last quarter. Finally, Washington Trust Advisors Inc. increased its stake in eBay by 37.8% during the 4th quarter. Washington Trust Advisors Inc. now owns 839 shares of the e-commerce company’s stock worth $52,000 after buying an additional 230 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Stock Up 3.3 %

eBay stock opened at $67.44 on Tuesday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a 50 day moving average price of $67.06 and a 200 day moving average price of $64.52. eBay Inc. has a fifty-two week low of $48.52 and a fifty-two week high of $71.61. The company has a market capitalization of $31.43 billion, a PE ratio of 16.94, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45.

eBay Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from eBay’s previous quarterly dividend of $0.27. eBay’s payout ratio is currently 29.07%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $72.00 price target on shares of eBay in a research note on Thursday, February 27th. Barclays set a $72.00 target price on shares of eBay and gave the stock an “overweight” rating in a report on Thursday, February 27th. Morgan Stanley raised their price target on shares of eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. StockNews.com raised shares of eBay from a “hold” rating to a “buy” rating in a research note on Friday, February 28th. Finally, Susquehanna boosted their target price on eBay from $60.00 to $65.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Two 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $65.54.

Insider Buying and Selling

In other news, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $67.25, for a total value of $378,281.25. Following the completion of the transaction, the chief executive officer now owns 530,998 shares of the company’s stock, valued at approximately $35,709,615.50. This trade represents a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Stephen J. Priest sold 1,033 shares of the company’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 sale, the chief financial officer now directly owns 65,080 shares in the company, valued at approximately $4,225,644.40. The trade was a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,283 shares of company stock valued at $796,241. Corporate insiders own 0.38% of the company’s stock.

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.