Twin City Private Wealth LLC Has $660,000 Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Twin City Private Wealth LLC lifted its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 6.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,654 shares of the e-commerce company’s stock after buying an additional 607 shares during the period. Twin City Private Wealth LLC’s holdings in eBay were worth $660,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of EBAY. Golden State Wealth Management LLC acquired a new position in shares of eBay during the 4th quarter worth about $27,000. Quarry LP acquired a new stake in eBay in the 3rd quarter valued at about $36,000. New Wave Wealth Advisors LLC acquired a new stake in eBay in the 4th quarter valued at about $36,000. Lee Danner & Bass Inc. acquired a new stake in eBay in the 4th quarter valued at about $40,000. Finally, Versant Capital Management Inc lifted its stake in eBay by 115.5% in the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after purchasing an additional 448 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other eBay news, CFO Stephen J. Priest sold 1,033 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $64.93, for a total value of $67,072.69. Following the sale, the chief financial officer now owns 65,080 shares in the company, valued at $4,225,644.40. This trade represents a 1.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 shares were sold at an average price of $67.06, for a total transaction of $265,423.48. Following the completion of the sale, 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. In the last 90 days, insiders have sold 16,241 shares of company stock worth $1,061,665. Corporate insiders own 0.38% of the company’s stock.

eBay Stock Performance

NASDAQ EBAY opened at $65.78 on Monday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $30.65 billion, a price-to-earnings ratio of 16.53, a P/E/G ratio of 2.22 and a beta of 1.45. The firm’s 50 day simple moving average is $66.99 and its 200 day simple moving average is $64.72. eBay Inc. has a 1 year low of $48.52 and a 1 year high of $71.61.

eBay Increases Dividend

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

Wall Street Analyst Weigh In

EBAY has been the subject of several recent analyst reports. Jefferies Financial Group downgraded shares of 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 note on Tuesday, December 10th. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of eBay in a report on Thursday, February 27th. Morgan Stanley increased their price target on shares of eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Monday, January 13th. 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, February 27th. Finally, Barclays set a $72.00 target price on eBay and gave the company an “overweight” rating in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, eBay currently has an average rating of “Hold” and an average target price of $65.54.

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.