Lake Street Advisors Group LLC Lowers Stock Position in eBay Inc. (NASDAQ:EBAY)

Lake Street Advisors Group LLC cut its position in shares of eBay Inc. (NASDAQ:EBAY) by 2.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,593 shares of the e-commerce company’s stock after selling 293 shares during the quarter. Lake Street Advisors Group LLC’s holdings in eBay were worth $656,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Nordea Investment Management AB lifted its position in shares of eBay by 3.8% during the 4th quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock worth $573,220,000 after buying an additional 335,035 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in eBay by 4.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,447,627 shares of the e-commerce company’s stock worth $354,695,000 after acquiring an additional 216,162 shares during the period. Smead Capital Management Inc. boosted its position in eBay by 3.5% in the third quarter. Smead Capital Management Inc. now owns 3,725,760 shares of the e-commerce company’s stock worth $242,584,000 after purchasing an additional 125,708 shares during the last quarter. Allianz Asset Management GmbH grew its stake in eBay by 23.2% in the 4th 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 period. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of eBay by 4.0% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,888,758 shares of the e-commerce company’s stock valued at $117,009,000 after purchasing an additional 73,351 shares during the last quarter. 87.48% of the stock is owned by institutional investors.

Insider Transactions at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of eBay 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 completion of the sale, the chief executive officer now directly owns 531,167 shares in the company, valued at $33,575,066.07. The trade was a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Stephen J. Priest sold 5,252 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $63.63, for a total transaction of $334,184.76. Following the completion of the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,141,040.40. The trade was a 7.47 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,149 shares of company stock valued at $1,746,065. 0.38% of the stock is owned by corporate insiders.

eBay Trading Down 8.2 %

Shares of EBAY stock opened at $63.48 on Friday. The company has a market capitalization of $30.41 billion, a PE ratio of 15.95, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. eBay Inc. has a 52-week low of $46.98 and a 52-week high of $71.61. The business’s fifty day moving average is $66.23 and its 200 day moving average is $63.66. 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 firm also recently declared 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 represents a $1.16 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Friday, March 14th. This is an increase from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio (DPR) is 27.14%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on EBAY shares. Barclays set a $72.00 price target on shares of eBay and gave the stock an “overweight” rating in a report on Thursday. Needham & Company LLC reiterated a “buy” rating and issued a $72.00 target price on shares of eBay in a research note on Thursday. Sanford C. Bernstein upgraded shares of eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price target for the company in a research note on Tuesday, November 5th. Morgan Stanley upped their price objective on eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Finally, Cantor Fitzgerald raised their target price on eBay from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $65.33.

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.