Alhambra Investment Management LLC Invests $262,000 in eBay Inc. (NASDAQ:EBAY)

Alhambra Investment Management LLC purchased a new position in eBay Inc. (NASDAQ:EBAY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,225 shares of the e-commerce company’s stock, valued at approximately $262,000.

A number of other large investors also recently added to or reduced their stakes in EBAY. Argent Trust Co lifted its stake in eBay by 11.7% in the 2nd quarter. Argent Trust Co now owns 23,244 shares of the e-commerce company’s stock valued at $1,249,000 after buying an additional 2,427 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of eBay by 136.7% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 17,618 shares of the e-commerce company’s stock worth $946,000 after acquiring an additional 10,175 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of eBay by 5.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 78,669 shares of the e-commerce company’s stock worth $4,221,000 after purchasing an additional 4,220 shares in the last quarter. Leuthold Group LLC purchased a new position in eBay in the 2nd quarter valued at $280,000. Finally, Brighton Jones LLC grew its holdings in shares of eBay by 9.5% during the second quarter. Brighton Jones LLC now owns 7,485 shares of the e-commerce company’s stock worth $402,000 after buying an additional 650 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Stock Up 1.7 %

EBAY stock opened at $66.19 on Friday. The company’s 50 day moving average price is $63.63 and its 200 day moving average price is $60.97. The firm has a market capitalization of $31.71 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 2.10 and a beta of 1.35. eBay Inc. has a fifty-two week low of $40.33 and a fifty-two week high of $71.52. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend was Friday, November 29th. eBay’s payout ratio is 27.14%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EBAY. Truist Financial boosted their price target on shares of eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Stifel Nicolaus upped their target price on eBay from $56.00 to $64.00 and gave the company a “hold” rating in a report on Monday, October 28th. UBS Group lowered their price target on shares of eBay from $72.00 to $66.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Wells Fargo & Company reduced their target price on shares of eBay from $62.00 to $59.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Finally, JPMorgan Chase & Co. dropped their price target on shares of eBay from $60.00 to $58.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned 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 $62.83.

Insider Transactions at eBay

In other news, CFO Stephen J. Priest sold 1,033 shares of eBay stock in a transaction 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 transaction, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at $4,225,644.40. The trade was a 1.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $62.38, for a total transaction of $350,887.50. Following the sale, the chief executive officer now owns 542,248 shares of the company’s stock, valued at approximately $33,825,430.24. This represents a 1.03 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,149 shares of company stock worth $1,704,778. Corporate insiders own 0.38% of the company’s stock.

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.