Stifel Financial Corp Decreases Holdings in eBay Inc. (NASDAQ:EBAY)

Stifel Financial Corp cut its stake in eBay Inc. (NASDAQ:EBAY) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 973,625 shares of the e-commerce company’s stock after selling 8,117 shares during the quarter. Stifel Financial Corp owned about 0.20% of eBay worth $60,317,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Independent Franchise Partners LLP lifted its position in eBay by 25.6% during the 4th quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company’s stock worth $692,517,000 after acquiring an additional 2,277,839 shares in the last quarter. Marshall Wace LLP lifted its position in shares of eBay by 304.2% during the fourth quarter. Marshall Wace LLP now owns 2,105,270 shares of the e-commerce company’s stock worth $130,421,000 after purchasing an additional 1,584,404 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of eBay in the fourth quarter valued at $96,214,000. Boston Partners grew its holdings in eBay by 35.2% during the 4th quarter. Boston Partners now owns 5,856,276 shares of the e-commerce company’s stock valued at $362,823,000 after purchasing an additional 1,524,691 shares in the last quarter. Finally, Bridgewater Associates LP increased its stake in eBay by 531.1% during the 4th quarter. Bridgewater Associates LP now owns 1,780,737 shares of the e-commerce company’s stock worth $110,317,000 after buying an additional 1,498,566 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Trading Up 2.2 %

eBay stock opened at $67.05 on Wednesday. The firm has a market cap of $31.25 billion, a price-to-earnings ratio of 16.85, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43. eBay Inc. has a 1 year low of $48.52 and a 1 year high of $71.61. The firm’s 50 day moving average price is $66.21 and its two-hundred day moving average price is $64.97. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25.

eBay Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.73%. This is a boost from eBay’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, March 14th. eBay’s payout ratio is presently 29.07%.

Analyst Ratings Changes

Several analysts have recently weighed in on EBAY shares. StockNews.com downgraded eBay from a “buy” rating to a “hold” rating in a research note on Friday, April 18th. Benchmark lifted their price objective on eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. BMO Capital Markets increased their target price on eBay from $59.00 to $63.00 and gave the company a “market perform” rating in a research note on Thursday, February 27th. Cantor Fitzgerald lifted their price target on shares of eBay from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, February 27th. Finally, Barclays set a $72.00 price objective on shares of eBay and gave the company an “overweight” rating in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $64.92.

Insider Transactions at eBay

In other news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total value of $378,281.25. Following the completion of the sale, the chief executive officer now owns 530,998 shares in the company, valued at $35,709,615.50. This represents a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Stephen J. Priest sold 28,060 shares of eBay stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $67.82, for a total value of $1,903,029.20. Following the transaction, the chief financial officer now owns 65,080 shares in the company, valued at $4,413,725.60. This represents a 30.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,310 shares of company stock valued at $3,121,626 over the last three months. Company insiders own 0.38% of the company’s stock.

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.