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

Twin City Private Wealth LLC raised its position in shares of eBay Inc. (NASDAQ:EBAY) by 6.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Wellington Management Group LLP acquired a new stake in eBay in the 3rd quarter valued at about $105,506,000. Raymond James Financial Inc. bought a new stake in shares of eBay during the fourth quarter valued at approximately $96,214,000. Boston Partners grew its stake in shares of eBay by 35.2% during the fourth 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 during the last quarter. Amundi grew its stake in shares of eBay by 16.8% during the fourth quarter. Amundi now owns 4,719,128 shares of the e-commerce company’s stock valued at $292,350,000 after purchasing an additional 677,389 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its stake in shares of eBay by 23.2% during the fourth quarter. Allianz Asset Management GmbH now owns 2,460,879 shares of the e-commerce company’s stock valued at $152,451,000 after purchasing an additional 463,015 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on EBAY shares. Citigroup increased their price target on shares of eBay from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Needham & Company LLC reissued a “buy” rating and set a $72.00 price target on shares of eBay in a research note on Thursday, February 27th. Barclays set a $72.00 price target on shares of eBay and gave the company an “overweight” rating in a research note 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 research note on Monday, January 13th. Finally, Stifel Nicolaus decreased their price target on shares of eBay from $64.00 to $63.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. 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’s stock. According to MarketBeat, eBay currently has a consensus rating of “Hold” and an average price target of $65.54.

eBay Price Performance

EBAY opened at $65.78 on Monday. 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 12 month low of $48.52 and a 12 month high of $71.61. The company has a fifty day simple moving average of $66.99 and a 200 day simple moving average of $64.72. The stock has a market cap of $30.65 billion, a P/E ratio of 16.53, a P/E/G ratio of 2.22 and a beta of 1.45.

eBay Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $0.29 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.76%. This is a boost from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio is currently 29.07%.

Insider Activity at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction dated Thursday, January 2nd. The stock was 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 owns 542,248 shares in the company, valued at approximately $33,825,430.24. This represents a 1.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Cornelius Boone sold 3,958 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total value of $265,423.48. Following the transaction, the senior vice president now owns 94,392 shares of the company’s stock, valued at approximately $6,329,927.52. This trade represents a 4.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,241 shares of company stock worth $1,061,665 in the last quarter. Corporate insiders own 0.38% of the company’s stock.

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.