Proficio Capital Partners LLC Makes New $8.64 Million Investment in eBay Inc. (NASDAQ:EBAY)

Proficio Capital Partners LLC acquired a new position in shares of eBay Inc. (NASDAQ:EBAY) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 139,537 shares of the e-commerce company’s stock, valued at approximately $8,644,000.

Several other large investors also recently added to or reduced their stakes in the stock. Atria Investments Inc increased its stake in eBay by 3.0% during the fourth quarter. Atria Investments Inc now owns 75,360 shares of the e-commerce company’s stock worth $4,669,000 after acquiring an additional 2,172 shares during the last quarter. Assetmark Inc. increased its stake in eBay by 431.9% during the fourth quarter. Assetmark Inc. now owns 97,405 shares of the e-commerce company’s stock worth $6,034,000 after acquiring an additional 79,094 shares during the last quarter. Smithfield Trust Co grew its stake in shares of eBay by 3.6% during the fourth quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company’s stock valued at $274,000 after buying an additional 153 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of eBay by 1.4% during the fourth quarter. Victory Capital Management Inc. now owns 5,936,508 shares of the e-commerce company’s stock valued at $367,767,000 after buying an additional 82,904 shares during the last quarter. Finally, Keybank National Association OH grew its stake in shares of eBay by 5.5% during the fourth quarter. Keybank National Association OH now owns 16,943 shares of the e-commerce company’s stock valued at $1,050,000 after buying an additional 879 shares during the last quarter. 87.48% of the stock is owned by institutional investors.

eBay Stock Performance

Shares of EBAY opened at $65.28 on Friday. eBay Inc. has a 12 month low of $48.52 and a 12 month high of $71.61. The stock has a fifty day moving average price of $66.97 and a 200-day moving average price of $64.41. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm has a market cap of $30.42 billion, a PE ratio of 16.40, a P/E/G ratio of 2.22 and a beta of 1.45.

eBay Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders 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 dividend yield of 1.78%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio is currently 29.07%.

Insider Activity

In related news, CFO Stephen J. Priest sold 1,033 shares of the company’s stock in a transaction on 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. This represents a 1.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Cornelius Boone sold 3,989 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total value of $260,082.80. Following the completion of the transaction, the senior vice president now directly owns 71,469 shares in the company, valued at approximately $4,659,778.80. The trade was a 5.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,524 shares of company stock worth $1,390,509. Insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

EBAY has been the topic of a number of analyst reports. Morgan Stanley upped their target price on eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Wedbush initiated coverage on eBay in a research note on Monday, December 9th. They set a “neutral” rating and a $70.00 target price on the stock. Stifel Nicolaus cut their target price on eBay from $64.00 to $63.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. UBS Group upped their target price on eBay from $66.00 to $72.00 and gave the company a “neutral” rating in a research note on Monday, February 24th. Finally, JMP Securities reiterated a “market perform” rating on shares of eBay in a report on Monday, December 16th. Two equities 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. According to MarketBeat.com, eBay presently has an average rating of “Hold” and a consensus price target of $65.54.

eBay 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.