Citizens Financial Group Inc. RI Purchases 429 Shares of eBay Inc. (NASDAQ:EBAY)

Citizens Financial Group Inc. RI raised its position in eBay Inc. (NASDAQ:EBAY) by 0.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 117,857 shares of the e-commerce company’s stock after acquiring an additional 429 shares during the period. Citizens Financial Group Inc. RI’s holdings in eBay were worth $7,301,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of EBAY. Golden State Wealth Management LLC bought a new position in eBay in the 4th quarter valued at about $27,000. Quarry LP purchased a new stake in shares of eBay in the third quarter worth approximately $36,000. New Wave Wealth Advisors LLC bought a new position in shares of eBay in the fourth quarter valued at approximately $36,000. Versant Capital Management Inc boosted its position in shares of eBay by 115.5% during the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after buying an additional 448 shares during the last quarter. Finally, Washington Trust Advisors Inc. grew its holdings in eBay by 37.8% during the fourth 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 own 87.48% of the company’s stock.

Insider Buying and Selling

In other news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 530,998 shares in the company, valued at $35,709,615.50. The trade was a 1.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Cornelius Boone sold 3,989 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total value of $260,082.80. Following the completion of the sale, the senior vice president now owns 71,469 shares in the company, valued at $4,659,778.80. This trade represents a 5.29 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,524 shares of company stock valued at $1,390,509. Company insiders own 0.38% of the company’s stock.

eBay Stock Down 4.4 %

Shares of NASDAQ EBAY opened at $65.22 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The company has a market cap of $30.39 billion, a P/E ratio of 16.39, a P/E/G ratio of 2.22 and a beta of 1.45. eBay Inc. has a 52 week low of $48.52 and a 52 week high of $71.61. The business has a 50-day simple moving average of $66.79 and a two-hundred day simple moving average of $64.32.

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 paid a dividend of $0.29 per share. The ex-dividend date is Friday, March 14th. This represents a $1.16 annualized dividend and a yield of 1.78%. This is a boost from eBay’s previous quarterly dividend of $0.27. eBay’s payout ratio is currently 29.07%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Needham & Company LLC restated a “buy” rating and set a $72.00 price objective on shares of eBay in a research note on Thursday, February 27th. StockNews.com raised shares of eBay from a “hold” rating to a “buy” rating in a research report on Friday, February 28th. Morgan Stanley increased their price objective on shares of eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Bank of America dropped their target price on shares of eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a research report on Thursday, February 27th. Finally, Wedbush assumed coverage on eBay in a report on Monday, December 9th. They issued a “neutral” rating and a $70.00 target price for the company. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price 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.