2,518 Shares in eBay Inc. (NASDAQ:EBAY) Purchased by Millstone Evans Group LLC

Millstone Evans Group LLC bought a new position in shares of eBay Inc. (NASDAQ:EBAY) in the fourth quarter, Holdings Channel reports. The institutional investor bought 2,518 shares of the e-commerce company’s stock, valued at approximately $156,000.

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

Analyst Ratings Changes

Several analysts have commented on the stock. Wedbush assumed coverage on shares of eBay in a report on Monday, December 9th. They set a “neutral” rating and a $70.00 target price on the stock. Cantor Fitzgerald raised their target price on shares of eBay from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, February 27th. Morgan Stanley raised their target price on shares of eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. JPMorgan Chase & Co. raised their target price on shares of eBay from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, February 27th. Finally, UBS Group lifted their price objective on shares of eBay from $66.00 to $72.00 and gave the company a “neutral” rating in a report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $65.54.

Insiders Place Their Bets

In other news, SVP Cornelius Boone sold 3,958 shares of the business’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total value of $265,423.48. Following the completion of the sale, the senior vice president now owns 94,392 shares of the company’s stock, valued at approximately $6,329,927.52. The trade was a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were 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 directly owns 530,998 shares of the company’s stock, valued at approximately $35,709,615.50. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,241 shares of company stock valued at $1,061,665 over the last ninety days. 0.38% of the stock is currently owned by company insiders.

eBay Trading Down 0.8 %

EBAY stock opened at $65.78 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The company has a fifty day moving average price of $66.99 and a two-hundred day moving average price of $64.68. eBay Inc. has a one year low of $48.52 and a one year high of $71.61. The stock has a market cap of $30.65 billion, a price-to-earnings ratio of 16.53, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45.

eBay Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.76%. This is a boost from eBay’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, March 14th. eBay’s payout ratio is 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.