Twin Tree Management LP Sells 9,008 Shares of eBay Inc. (NASDAQ:EBAY)

Twin Tree Management LP lessened its holdings in eBay Inc. (NASDAQ:EBAY) by 9.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 90,643 shares of the e-commerce company’s stock after selling 9,008 shares during the quarter. Twin Tree Management LP’s holdings in eBay were worth $5,615,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wellington Management Group LLP purchased a new position in eBay during the 3rd quarter worth $105,506,000. Raymond James Financial Inc. purchased a new position in shares of eBay during the fourth quarter valued at $96,214,000. Amundi raised its holdings in shares of eBay by 16.8% in the fourth quarter. Amundi now owns 4,719,128 shares of the e-commerce company’s stock valued at $292,350,000 after acquiring an additional 677,389 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in eBay by 23.2% during the 4th quarter. Allianz Asset Management GmbH now owns 2,460,879 shares of the e-commerce company’s stock worth $152,451,000 after acquiring an additional 463,015 shares in the last quarter. Finally, DJE Kapital AG purchased a new position in eBay during the 4th quarter valued at about $26,833,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Stock Up 3.3 %

EBAY stock opened at $67.44 on Tuesday. 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’s fifty day simple moving average is $67.06 and its 200-day simple moving average is $64.52. eBay Inc. has a 12 month low of $48.52 and a 12 month high of $71.61. The company has a market capitalization of $31.43 billion, a P/E ratio of 16.94, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45.

eBay Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.29 per share. This is an increase from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend is Friday, March 14th. eBay’s dividend payout ratio (DPR) is currently 29.07%.

Insider Buying and Selling at eBay

In other news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $67.25, for a total transaction of $378,281.25. Following the completion of the transaction, the chief executive officer now directly owns 530,998 shares of the company’s stock, valued at $35,709,615.50. The trade was a 1.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Stephen J. Priest sold 1,033 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $64.93, for a total transaction of $67,072.69. Following the sale, the chief financial officer now directly 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 disclosure for this sale can be found here. In the last quarter, insiders sold 12,283 shares of company stock worth $796,241. Insiders own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Cantor Fitzgerald upped their price target on shares of eBay from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, February 27th. Morgan Stanley upped their target price on eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Susquehanna boosted their price target on eBay from $60.00 to $65.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. raised their price objective on eBay from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, February 27th. Finally, JMP Securities reiterated a “market perform” rating on shares of eBay in a report on Monday, December 16th. Two investment 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 MarketBeat, the company 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.