Achmea Investment Management B.V. Decreases Holdings in eBay Inc. (NASDAQ:EBAY)

Achmea Investment Management B.V. cut its stake in shares of eBay Inc. (NASDAQ:EBAY) by 7.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 297,115 shares of the e-commerce company’s stock after selling 25,203 shares during the period. Achmea Investment Management B.V.’s holdings in eBay were worth $18,406,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. raised its stake in eBay by 204.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 318,280 shares of the e-commerce company’s stock valued at $19,717,000 after buying an additional 213,650 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in eBay by 9.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,874 shares of the e-commerce company’s stock valued at $178,000 after buying an additional 250 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in eBay by 8.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 15,306 shares of the e-commerce company’s stock valued at $948,000 after buying an additional 1,205 shares during the last quarter. Moors & Cabot Inc. purchased a new stake in eBay during the 4th quarter valued at $366,000. Finally, Citizens Financial Group Inc. RI raised its stake in eBay by 0.4% during the 4th quarter. Citizens Financial Group Inc. RI now owns 117,857 shares of the e-commerce company’s stock valued at $7,301,000 after buying an additional 429 shares during the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

eBay Trading Down 0.1 %

Shares of eBay stock opened at $65.13 on Thursday. The firm has a market cap of $30.35 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 2.22 and a beta of 1.45. The business has a 50-day moving average price of $66.85 and a 200-day moving average price of $64.33. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a twelve month low of $48.52 and a twelve month high of $71.61.

eBay Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders 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 of this dividend is Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.78%. eBay’s dividend payout ratio (DPR) is presently 29.07%.

Insider Activity

In related news, CFO Stephen J. Priest sold 5,252 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $63.63, for a total value of $334,184.76. Following the completion of the transaction, the chief financial officer now owns 65,080 shares of the company’s stock, valued at approximately $4,141,040.40. This trade represents a 7.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the 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 transaction, the chief executive officer now directly owns 542,248 shares of the company’s stock, valued at approximately $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 a total of 21,524 shares of company stock worth $1,390,509 over the last 90 days. Corporate insiders own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. StockNews.com raised shares of eBay from a “hold” rating to a “buy” rating in a research report on Friday, February 28th. Wedbush assumed coverage on shares of eBay in a research report on Monday, December 9th. They set a “neutral” rating and a $70.00 price objective for the company. Citigroup boosted their price objective on shares of eBay from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, February 14th. UBS Group boosted their price objective on shares of eBay from $66.00 to $72.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. Finally, Barclays set a $72.00 price objective on shares of 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 given a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $65.54.

eBay 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.