eBay Inc. (NASDAQ:EBAY) Shares Sold by AXQ Capital LP

AXQ Capital LP trimmed its position in shares of eBay Inc. (NASDAQ:EBAY) by 54.8% in the fourth quarter, HoldingsChannel reports. The firm owned 11,355 shares of the e-commerce company’s stock after selling 13,774 shares during the period. AXQ Capital LP’s holdings in eBay were worth $703,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. 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 valued at $274,000 after purchasing 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 valued at $216,000 after purchasing an additional 157 shares during the period. IFP Advisors Inc boosted its stake in eBay by 7.2% during the 4th quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company’s stock valued at $150,000 after purchasing an additional 163 shares during the period. Capital Investment Advisors LLC boosted its stake 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 valued at $262,000 after purchasing an additional 167 shares during the period. Finally, Bailard Inc. lifted its stake in shares of eBay by 0.5% in the 4th quarter. Bailard Inc. now owns 34,651 shares of the e-commerce company’s stock worth $2,147,000 after acquiring an additional 169 shares during the period. 87.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at eBay

In other eBay news, SVP Cornelius Boone sold 3,958 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total value of $265,423.48. Following the transaction, the senior vice president now owns 94,392 shares in the company, valued at approximately $6,329,927.52. This represents a 4.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the company’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 transaction of $350,887.50. Following the completion of the transaction, the chief executive officer now owns 542,248 shares in the company, valued at approximately $33,825,430.24. This represents a 1.03 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,241 shares of company stock worth $1,061,665. 0.38% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on EBAY shares. Citigroup upped their price target on shares of eBay from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Wedbush started coverage on shares of eBay in a research note on Monday, December 9th. They issued a “neutral” rating and a $70.00 price target for the company. StockNews.com raised shares of eBay from a “hold” rating to a “buy” rating in a research note on Friday, February 28th. UBS Group upped their price target on shares of eBay from $66.00 to $72.00 and gave the stock a “neutral” rating in a research note on Monday, February 24th. Finally, Morgan Stanley upped their price target on shares of eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $65.54.

eBay Stock Down 0.8 %

eBay stock opened at $65.78 on Friday. The firm has a market cap of $30.65 billion, a PE ratio of 16.53, a P/E/G ratio of 2.22 and a beta of 1.45. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The firm’s 50 day moving average price is $66.99 and its two-hundred day moving average price is $64.68. eBay Inc. has a twelve month low of $48.52 and a twelve month high of $71.61.

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 paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.76%. The ex-dividend date is Friday, March 14th. This is a positive change from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio is currently 29.07%.

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.