Envestnet Portfolio Solutions Inc. Acquires 2,589 Shares of eBay Inc. (NASDAQ:EBAY)

Envestnet Portfolio Solutions Inc. grew its holdings in eBay Inc. (NASDAQ:EBAY) by 9.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 29,937 shares of the e-commerce company’s stock after purchasing an additional 2,589 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in eBay were worth $1,855,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Smithfield Trust Co grew its position in eBay by 3.6% in the fourth quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company’s stock worth $274,000 after acquiring an additional 153 shares in the last quarter. Cypress Wealth Services LLC boosted its holdings in shares of 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 buying an additional 157 shares during the period. IFP Advisors Inc boosted its holdings in shares of 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 buying an additional 163 shares during the period. Capital Investment Advisors LLC boosted its holdings in shares of eBay by 4.1% during the 4th quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company’s stock worth $262,000 after buying an additional 167 shares during the period. Finally, Bailard Inc. boosted its holdings in shares of eBay by 0.5% during the 4th quarter. Bailard Inc. now owns 34,651 shares of the e-commerce company’s stock worth $2,147,000 after buying an additional 169 shares during the period. 87.48% of the stock is owned by institutional investors.

eBay Trading Down 1.3 %

Shares of eBay stock opened at $66.34 on Friday. The stock has a market capitalization of $30.91 billion, a P/E ratio of 16.67, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45. 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 50-day simple moving average of $66.99 and a 200 day simple moving average of $64.59. eBay Inc. has a 12-month low of $48.52 and a 12-month high of $71.61.

eBay Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.75%. This is a boost from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio (DPR) is 29.07%.

Analyst Ratings Changes

EBAY has been the subject of several recent analyst reports. StockNews.com raised shares of eBay from a “hold” rating to a “buy” rating in a report on Friday, February 28th. Citigroup upped their price objective on shares of eBay from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Wells Fargo & Company reissued an “equal weight” rating on shares of eBay in a report on Thursday, February 27th. JMP Securities reissued a “market perform” rating on shares of eBay in a report on Monday, December 16th. Finally, Stifel Nicolaus reduced their price target on shares of eBay from $64.00 to $63.00 and set a “hold” rating for the company in a report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $65.54.

Insider Buying and Selling

In other eBay news, CFO Stephen J. Priest sold 1,033 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $64.93, for a total value of $67,072.69. Following the completion of the sale, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,225,644.40. This trade represents a 1.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 542,248 shares of the company’s stock, valued at $33,825,430.24. The trade was a 1.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,241 shares of company stock worth $1,061,665 in the last quarter. 0.38% of the stock is owned by corporate insiders.

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.