eBay Inc. (NASDAQ:EBAY) Shares Acquired by Northern Trust Corp

Northern Trust Corp increased its position in eBay Inc. (NASDAQ:EBAY) by 17.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 6,809,265 shares of the e-commerce company’s stock after purchasing an additional 1,030,292 shares during the period. Northern Trust Corp owned 1.42% of eBay worth $421,834,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Smithfield Trust Co boosted its holdings in shares of eBay by 3.6% in the fourth quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company’s stock valued at $274,000 after acquiring an additional 153 shares during the period. Cypress Wealth Services LLC boosted its stake 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 purchasing an additional 157 shares during the period. IFP Advisors Inc grew its position 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 purchasing an additional 163 shares during the last quarter. Capital Investment Advisors LLC increased its stake in eBay by 4.1% in the fourth quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company’s stock valued at $262,000 after purchasing an additional 167 shares during the period. Finally, Bailard Inc. raised its holdings in shares of eBay by 0.5% in the fourth quarter. Bailard Inc. now owns 34,651 shares of the e-commerce company’s stock valued at $2,147,000 after buying an additional 169 shares during the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

eBay Trading Up 1.3 %

eBay stock opened at $67.20 on Wednesday. The stock has a market cap of $31.32 billion, a PE ratio of 16.88, a P/E/G ratio of 2.22 and a beta of 1.43. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The stock has a 50-day moving average price of $65.95 and a 200 day moving average price of $64.98. eBay Inc. has a 52 week low of $48.52 and a 52 week high of $71.61.

eBay Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from eBay’s previous quarterly dividend of $0.27. eBay’s payout ratio is currently 29.07%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Stifel Nicolaus lowered their price target on eBay from $63.00 to $61.00 and set a “hold” rating on the stock in a report on Wednesday, April 23rd. JPMorgan Chase & Co. dropped their target price on eBay from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Needham & Company LLC reiterated a “buy” rating and issued a $72.00 price objective on shares of eBay in a research report on Thursday, February 27th. Bank of America dropped their price objective on shares of eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a research note on Thursday, February 27th. Finally, Cantor Fitzgerald lifted their target price on shares of eBay from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $64.83.

Insider Activity at eBay

In other news, SVP Cornelius Boone sold 3,958 shares of the company’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total transaction of $265,423.48. Following the completion of the transaction, the senior vice president now owns 94,392 shares of the company’s stock, valued at $6,329,927.52. This represents a 4.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was 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 in the company, valued at $35,709,615.50. This represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,310 shares of company stock valued at $3,121,626. Company insiders own 0.38% of the company’s stock.

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.