Private Trust Co. NA Grows Position in eBay Inc. (NASDAQ:EBAY)

Private Trust Co. NA raised its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 9.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,358 shares of the e-commerce company’s stock after purchasing an additional 295 shares during the period. Private Trust Co. NA’s holdings in eBay were worth $208,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new position in shares of eBay during the fourth quarter valued at approximately $27,000. Quarry LP purchased a new stake in eBay during the third quarter worth $36,000. New Wave Wealth Advisors LLC purchased a new stake in eBay during the fourth quarter worth $36,000. Versant Capital Management Inc boosted its position in eBay by 115.5% during the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after acquiring an additional 448 shares in the last quarter. Finally, FSA Wealth Management LLC purchased a new position in shares of eBay in the 3rd quarter valued at $55,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Price Performance

NASDAQ:EBAY opened at $65.22 on Tuesday. The firm’s fifty day moving average is $66.25 and its two-hundred day moving average is $63.91. The firm has a market cap of $31.24 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 2.22 and a beta of 1.35. eBay Inc. has a one year low of $48.04 and a one year high of $71.61. 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 will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.78%. 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. eBay’s dividend payout ratio (DPR) is 29.07%.

Insider Activity at eBay

In other news, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total transaction of $355,556.25. Following the sale, the chief executive officer now owns 531,167 shares of the company’s stock, valued at $33,575,066.07. This trade represents a 1.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Stephen J. Priest sold 5,252 shares of eBay stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $63.63, for a total transaction of $334,184.76. Following the transaction, the chief financial officer now directly 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,149 shares of company stock worth $1,746,065. 0.38% of the stock is owned by corporate insiders.

Analyst Ratings Changes

EBAY has been the subject of a number of analyst reports. Citigroup upped their price objective on eBay from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. JMP Securities reissued a “market perform” rating on shares of eBay in a research report on Monday, December 16th. Stifel Nicolaus cut their price objective on shares of eBay from $64.00 to $63.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th. StockNews.com raised shares of eBay from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Wells Fargo & Company raised their target price on shares of eBay from $61.00 to $64.00 and gave the company an “equal weight” rating in a research note on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, eBay presently has an average rating of “Hold” and a consensus target price of $65.54.

eBay Company 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.