Versant Capital Management Inc Grows Stock Position in eBay Inc. (NASDAQ:EBAY)

Versant Capital Management Inc increased its holdings in eBay Inc. (NASDAQ:EBAY) by 115.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 836 shares of the e-commerce company’s stock after buying an additional 448 shares during the quarter. Versant Capital Management Inc’s holdings in eBay were worth $52,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in EBAY. Quarry LP bought a new stake in shares of eBay during the 3rd quarter valued at $36,000. USA Financial Formulas bought a new stake in eBay during the third quarter valued at about $38,000. Northwest Investment Counselors LLC purchased a new stake in eBay in the third quarter worth about $50,000. Financial Management Professionals Inc. raised its stake in shares of eBay by 276.0% in the third quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock worth $55,000 after buying an additional 621 shares during the period. Finally, FSA Wealth Management LLC purchased a new position in shares of eBay during the 3rd quarter valued at about $55,000. 87.48% of the stock is currently owned by institutional investors.

eBay Stock Down 1.1 %

NASDAQ EBAY opened at $61.61 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 52 week low of $40.16 and a 52 week high of $67.80. The firm has a market capitalization of $29.51 billion, a price-to-earnings ratio of 15.48, a PEG ratio of 2.20 and a beta of 1.35. The company has a fifty day moving average of $62.70 and a two-hundred day moving average of $60.19.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend was Friday, November 29th. eBay’s dividend payout ratio is currently 27.14%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Benchmark reissued a “buy” rating and issued a $65.00 target price on shares of eBay in a report on Tuesday, October 29th. StockNews.com cut shares of eBay from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Morgan Stanley lifted their target price on shares of eBay from $65.00 to $71.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. TD Cowen increased their price target on eBay from $45.00 to $54.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Finally, Sanford C. Bernstein upgraded eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price objective on the stock in a research report on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, eBay presently has a consensus rating of “Hold” and an average price target of $62.92.

Insider Transactions at eBay

In other news, CFO Stephen J. Priest sold 5,252 shares of the business’s stock in a transaction on Monday, December 16th. The stock was 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 directly owns 65,080 shares of the company’s stock, valued at approximately $4,141,040.40. The trade was a 7.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Cornelius Boone sold 3,989 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total transaction of $260,082.80. Following the completion of the sale, the senior vice president now owns 71,469 shares in the company, valued at $4,659,778.80. This represents a 5.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,658 shares of company stock worth $1,364,575. 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.