eBay Inc. (NASDAQ:EBAY) Shares Bought by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD grew its stake in eBay Inc. (NASDAQ:EBAY) by 3.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 782,755 shares of the e-commerce company’s stock after acquiring an additional 23,281 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in eBay were worth $48,493,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new stake in shares of eBay during the 4th quarter valued at approximately $27,000. Transce3nd LLC purchased a new stake in eBay in the fourth quarter valued at $36,000. New Wave Wealth Advisors LLC acquired a new position in shares of eBay in the 4th quarter valued at $36,000. Lee Danner & Bass Inc. purchased a new position in shares of eBay during the 4th quarter worth $40,000. Finally, Versant Capital Management Inc increased its position in shares of eBay by 115.5% during the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after purchasing an additional 448 shares during the last quarter. Hedge funds and other 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 company’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 transaction, the chief executive officer now directly owns 530,998 shares of the company’s stock, valued at $35,709,615.50. This represents a 1.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Stephen J. Priest sold 1,167 shares of the firm’s stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $66.21, for a total transaction of $77,267.07. Following the completion of the sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at $4,308,946.80. This trade represents a 1.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 46,310 shares of company stock valued at $3,121,626 over the last ninety days. Corporate insiders own 0.38% of the company’s stock.

eBay Stock Up 1.3 %

eBay stock opened at $67.20 on Wednesday. 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 of $65.95 and a two-hundred day moving average of $64.98. eBay Inc. has a twelve month low of $48.52 and a twelve month high of $71.61. The stock has a market capitalization of $31.32 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 2.22 and a beta of 1.43.

eBay Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio (DPR) is 29.07%.

Wall Street Analysts Forecast Growth

EBAY has been the topic of a number of recent analyst reports. Citigroup decreased their target price on shares of eBay from $80.00 to $79.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. UBS Group increased their price objective on shares of eBay from $72.00 to $73.00 and gave the stock a “neutral” rating in a research report on Tuesday. Wells Fargo & Company cut their target price on eBay from $64.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 2nd. Barclays set a $72.00 target price on eBay and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Finally, Morgan Stanley reduced their target price on shares of eBay from $71.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $64.83.

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.