Hennion & Walsh Asset Management Inc. Boosts Stake in eBay Inc. (NASDAQ:EBAY)

Hennion & Walsh Asset Management Inc. boosted its holdings in eBay Inc. (NASDAQ:EBAY) by 7.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,340 shares of the e-commerce company’s stock after acquiring an additional 289 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in eBay were worth $269,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Ameriprise Financial Inc. grew its stake in shares of eBay by 17.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock worth $1,394,797,000 after purchasing an additional 3,880,649 shares during the period. Wellington Management Group LLP purchased a new stake in eBay during the third quarter worth about $105,506,000. International Assets Investment Management LLC grew its position in eBay by 9,092.5% during the third quarter. International Assets Investment Management LLC now owns 585,013 shares of the e-commerce company’s stock worth $38,090,000 after buying an additional 578,649 shares during the period. Janney Montgomery Scott LLC increased its holdings in eBay by 599.3% in the third quarter. Janney Montgomery Scott LLC now owns 538,744 shares of the e-commerce company’s stock valued at $35,078,000 after buying an additional 461,708 shares in the last quarter. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of eBay during the 3rd quarter valued at approximately $25,132,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Price Performance

eBay stock opened at $64.63 on Wednesday. eBay Inc. has a 1 year low of $40.74 and a 1 year 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. The firm has a 50 day moving average price of $63.70 and a 200 day moving average price of $61.18. The company has a market cap of $30.96 billion, a price-to-earnings ratio of 16.24, a PEG ratio of 2.10 and a beta of 1.35.

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a dividend of $0.27 per share. The ex-dividend date was Friday, November 29th. This represents a $1.08 annualized dividend and a dividend yield of 1.67%. eBay’s dividend payout ratio is presently 27.14%.

Insider Transactions at eBay

In other news, CFO Stephen J. Priest sold 1,033 shares of eBay stock in a transaction dated Thursday, January 16th. The stock was 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total transaction of $355,556.25. Following the sale, the chief executive officer now directly owns 531,167 shares of the company’s stock, valued at approximately $33,575,066.07. This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,149 shares of company stock worth $1,704,778 in the last ninety days. Insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on EBAY shares. Citigroup upped their price target on eBay from $68.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Mizuho raised their price target on eBay from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $72.00 price target on shares of eBay in a research note on Thursday, October 31st. Cantor Fitzgerald reissued a “neutral” rating and issued a $62.00 price objective on shares of eBay in a research note on Monday, October 7th. Finally, Bank of America cut their target price on shares of eBay from $67.00 to $64.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, eBay has a consensus rating of “Hold” and an average target price of $62.83.

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.