Flagship Wealth Advisors LLC Takes Position in eBay Inc. (NASDAQ:EBAY)

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

Several other institutional investors have also recently made changes to their positions in the stock. Golden State Wealth Management LLC acquired a new stake in shares of eBay in the 4th quarter worth about $27,000. Quarry LP acquired a new stake in shares of eBay in the 3rd quarter worth about $36,000. New Wave Wealth Advisors LLC acquired a new stake in shares of eBay in the 4th quarter worth about $36,000. Versant Capital Management Inc raised its holdings in shares of 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 during the last quarter. Finally, Washington Trust Advisors Inc. raised its holdings in shares of eBay by 37.8% in the 4th quarter. Washington Trust Advisors Inc. now owns 839 shares of the e-commerce company’s stock worth $52,000 after acquiring an additional 230 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insider Buying and Selling

In related news, CEO Jamie Iannone sold 5,625 shares of the firm’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 completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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. In the last ninety days, insiders sold 12,283 shares of company stock valued at $796,241. Company insiders own 0.38% of the company’s stock.

eBay Stock Up 3.3 %

EBAY opened at $67.44 on Tuesday. The company has a 50 day moving average of $67.06 and a 200 day moving average of $64.52. The company has a market cap 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 Inc. has a 12 month low of $48.52 and a 12 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.

eBay Increases Dividend

The firm 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. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 1.72%. eBay’s dividend payout ratio (DPR) is 29.07%.

Analysts Set New Price Targets

A number of research firms recently weighed in on EBAY. Stifel Nicolaus lowered 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. Needham & Company LLC restated a “buy” rating and issued a $72.00 target price on shares of eBay in a report on Thursday, February 27th. StockNews.com upgraded shares of eBay from a “hold” rating to a “buy” rating in a report on Friday, February 28th. Barclays set a $72.00 price objective on shares of eBay and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of eBay in a research report on Monday, December 16th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target 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.