Flagship Wealth Advisors LLC Makes New Investment in eBay Inc. (NASDAQ:EBAY)

Flagship Wealth Advisors LLC bought a new position in eBay Inc. (NASDAQ:EBAY) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 981 shares of the e-commerce company’s stock, valued at approximately $61,000.

Several other institutional investors and hedge funds have also bought and sold shares of EBAY. Sigma Planning Corp purchased a new stake in shares of eBay during the 3rd quarter valued at $217,000. Oppenheimer & Co. Inc. purchased a new stake in shares of eBay during the 3rd quarter valued at $256,000. CIBC Asset Management Inc raised its position in shares of eBay by 5.6% during the 3rd quarter. CIBC Asset Management Inc now owns 72,357 shares of the e-commerce company’s stock valued at $4,711,000 after buying an additional 3,841 shares in the last quarter. Natixis Advisors LLC raised its position in shares of eBay by 10.7% during the 3rd quarter. Natixis Advisors LLC now owns 443,462 shares of the e-commerce company’s stock valued at $28,874,000 after buying an additional 42,790 shares in the last quarter. Finally, Accredited Investors Inc. purchased a new stake in shares of eBay during the 3rd quarter valued at $218,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Stephen J. Priest sold 1,033 shares of eBay stock in a transaction dated Thursday, January 16th. The shares were 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 $4,225,644.40. This trade represents a 1.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction dated 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 directly owns 542,248 shares of the company’s stock, valued at approximately $33,825,430.24. This trade represents a 1.03 % 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.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EBAY. JMP Securities restated a “market perform” rating on shares of eBay in a research report on Monday, December 16th. Susquehanna increased their target price on shares of eBay from $60.00 to $65.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Stifel Nicolaus reduced their target price on shares of eBay from $64.00 to $63.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. Barclays set a $72.00 target price on shares of eBay and gave the company an “overweight” rating in a report on Thursday, February 27th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating on shares of eBay in a report on Thursday, February 27th. Two equities 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 company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $65.54.

eBay Trading Up 3.3 %

Shares of EBAY opened at $67.44 on Tuesday. The firm’s 50-day moving average price is $67.06 and its 200-day moving average price is $64.52. The firm has a market capitalization of $31.43 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 2.22 and a beta of 1.45. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 1-year low of $48.52 and a 1-year high of $71.61.

eBay Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.29 per share. This is a positive change from eBay’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.72%. eBay’s 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.