Proficio Capital Partners LLC Makes New $8.64 Million Investment in eBay Inc. (NASDAQ:EBAY)

Proficio Capital Partners LLC acquired a new stake in eBay Inc. (NASDAQ:EBAY) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 139,537 shares of the e-commerce company’s stock, valued at approximately $8,644,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new stake in eBay in the 4th quarter valued at about $27,000. Quarry LP bought a new stake in eBay in the third quarter valued at approximately $36,000. New Wave Wealth Advisors LLC acquired a new stake in shares of eBay in the fourth quarter valued at approximately $36,000. Versant Capital Management Inc boosted its stake 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 acquiring an additional 448 shares during the period. Finally, FSA Wealth Management LLC acquired a new position in shares of eBay during the 3rd quarter worth approximately $55,000. Institutional investors own 87.48% of the company’s stock.

Analysts Set New Price Targets

EBAY has been the subject of several research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $72.00 price target on shares of eBay in a report on Thursday. Sanford C. Bernstein upgraded shares of eBay from a “market perform” rating to an “outperform” rating and set a $70.00 target price for the company in a research note on Tuesday, November 5th. Mizuho lifted their target price on shares of eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. JMP Securities reissued a “market perform” rating on shares of eBay in a report on Monday, December 16th. Finally, Stifel Nicolaus reduced their price objective on eBay from $64.00 to $63.00 and set a “hold” rating for the company in a report on Thursday. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $65.33.

eBay Stock Performance

Shares of NASDAQ:EBAY opened at $64.74 on Monday. The company’s 50 day simple moving average is $66.22 and its 200 day simple moving average is $63.84. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. eBay Inc. has a 1 year low of $48.04 and a 1 year high of $71.61. The stock has a market capitalization of $31.01 billion, a price-to-earnings ratio of 16.27, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35.

eBay Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.79%. This is a boost from eBay’s previous quarterly dividend of $0.27. eBay’s payout ratio is 29.07%.

Insider Buying and Selling

In related news, SVP Cornelius Boone sold 3,989 shares of eBay stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total transaction of $260,082.80. Following the sale, the senior vice president now directly owns 71,469 shares of the company’s stock, valued at approximately $4,659,778.80. The trade was a 5.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Stephen J. Priest sold 1,033 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $64.93, for a total transaction of $67,072.69. Following the completion of the transaction, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at approximately $4,225,644.40. The trade was a 1.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,149 shares of company stock worth $1,746,065 in the last ninety days. 0.38% of the stock is owned by insiders.

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.