eBay Inc. (NASDAQ:EBAY) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group decreased its stake in shares of eBay Inc. (NASDAQ:EBAY) by 48.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,358,671 shares of the e-commerce company’s stock after selling 1,278,745 shares during the quarter. Schroder Investment Management Group’s holdings in eBay were worth $84,170,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Townsquare Capital LLC increased its holdings in shares of eBay by 17.9% during the 3rd quarter. Townsquare Capital LLC now owns 22,675 shares of the e-commerce company’s stock worth $1,476,000 after buying an additional 3,450 shares during the last quarter. Public Sector Pension Investment Board grew its position in eBay by 9.5% in the third quarter. Public Sector Pension Investment Board now owns 19,555 shares of the e-commerce company’s stock worth $1,273,000 after acquiring an additional 1,700 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its stake in eBay by 38.3% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 812,109 shares of the e-commerce company’s stock worth $52,876,000 after acquiring an additional 224,700 shares during the last quarter. Erste Asset Management GmbH purchased a new stake in eBay in the third quarter valued at $1,720,000. Finally, FSA Wealth Management LLC acquired a new position in shares of eBay in the 3rd quarter valued at $55,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Bank of America reduced their price objective on shares of eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a report on Thursday, February 27th. StockNews.com raised shares of eBay from a “hold” rating to a “buy” rating in a research note on Friday, February 28th. BMO Capital Markets increased their price objective on shares of eBay from $59.00 to $63.00 and gave the stock a “market perform” rating in a research report on Thursday, February 27th. Jefferies Financial Group lowered eBay from a “hold” rating to an “underperform” rating and cut their target price for the company from $60.00 to $52.00 in a research report on Tuesday, December 10th. Finally, Wells Fargo & Company restated an “equal weight” rating on shares of eBay in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, eBay has a consensus rating of “Hold” and an average price target of $65.54.

Insider Buying and Selling

In other news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $62.38, for a total value of $350,887.50. Following the completion of the sale, the chief executive officer now directly owns 542,248 shares of the company’s stock, valued at approximately $33,825,430.24. The trade was a 1.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Cornelius Boone sold 3,958 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The stock was 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 $6,329,927.52. This represents a 4.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,241 shares of company stock worth $1,061,665 over the last 90 days. 0.38% of the stock is owned by insiders.

eBay Stock Performance

NASDAQ:EBAY opened at $67.16 on Monday. eBay Inc. has a 12 month low of $48.52 and a 12 month high of $71.61. 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 firm has a market capitalization of $31.30 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45. The business’s fifty day moving average price is $67.11 and its 200 day moving average price is $64.95.

eBay Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.29 per share. 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 positive change from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio (DPR) is 29.07%.

eBay Company 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.