Acropolis Investment Management LLC increased its stake in eBay Inc. (NASDAQ:EBAY) by 113.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,130 shares of the e-commerce company’s stock after purchasing an additional 2,192 shares during the period. Acropolis Investment Management LLC’s holdings in eBay were worth $208,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in EBAY. Nachman Norwood & Parrott Inc purchased a new stake in eBay in the third quarter valued at $27,000. Gradient Investments LLC boosted its position in eBay by 70.7% in the 3rd quarter. Gradient Investments LLC now owns 512 shares of the e-commerce company’s stock worth $27,000 after purchasing an additional 212 shares in the last quarter. Adams Wealth Management acquired a new stake in shares of eBay during the 3rd quarter worth approximately $27,000. Clear Harbor Asset Management LLC acquired a new stake in shares of eBay during the 3rd quarter worth approximately $36,000. Finally, Global Retirement Partners LLC increased its holdings in shares of eBay by 392.7% during the 3rd quarter. Global Retirement Partners LLC now owns 739 shares of the e-commerce company’s stock valued at $39,000 after purchasing an additional 589 shares in the last quarter. 85.31% of the stock is currently owned by institutional investors.
Shares of NASDAQ EBAY opened at $55.71 on Thursday. The company has a market capitalization of $38.40 billion, a P/E ratio of 7.75, a P/E/G ratio of 1.33 and a beta of 1.26. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.75 and a quick ratio of 1.75. The company has a 50 day simple moving average of $51.33 and a 200-day simple moving average of $52.99. eBay Inc. has a 1 year low of $26.02 and a 1 year high of $61.06.
The business also recently announced a quarterly dividend, which was paid on Friday, December 18th. Shareholders of record on Tuesday, December 1st were given a $0.16 dividend. The ex-dividend date of this dividend was Monday, November 30th. This represents a $0.64 dividend on an annualized basis and a yield of 1.15%. eBay’s payout ratio is currently 27.59%.
Several analysts recently commented on the stock. BMO Capital Markets raised their price target on shares of eBay from $59.00 to $61.00 and gave the company a “market perform” rating in a research report on Wednesday, October 21st. Deutsche Bank Aktiengesellschaft dropped their target price on eBay from $64.00 to $59.00 and set a “buy” rating on the stock in a research report on Thursday, October 29th. Benchmark upped their price target on eBay from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, October 29th. Mizuho increased their price target on eBay from $52.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, October 9th. Finally, ValuEngine cut eBay from a “hold” rating to a “sell” rating in a research report on Thursday, November 5th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $60.64.
In other eBay news, SVP Wendy Elizabeth Jones sold 5,435 shares of the company’s stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $49.08, for a total transaction of $266,749.80. Following the transaction, the senior vice president now directly owns 1,191 shares in the company, valued at $58,454.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Brian J. Doerger sold 4,670 shares of the firm’s stock in a transaction on Tuesday, November 24th. The stock was sold at an average price of $50.78, for a total value of $237,142.60. Following the transaction, the chief accounting officer now owns 24,192 shares of the company’s stock, valued at $1,228,469.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,052 shares of company stock valued at $654,339. 5.02% of the stock is currently owned by insiders.
eBay Company Profile
eBay Inc operates the marketplace and classifieds platforms that connect buyers and sellers worldwide. Its Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps; and Classifieds platform comprises a collection of brands, such as Mobile.de, Kijiji, Gumtree, Marktplaats, eBay Kleinanzeigen, and others that offer online classifieds to help people find what they are looking for in their local communities.
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