eBay Inc. (NASDAQ:EBAY) Shares Purchased by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. raised its stake in eBay Inc. (NASDAQ:EBAY) by 7.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,340 shares of the e-commerce company’s stock after purchasing an additional 289 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in eBay were worth $269,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Private Advisor Group LLC raised its holdings in shares of eBay by 90.7% during the 3rd quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company’s stock valued at $2,963,000 after buying an additional 21,636 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in eBay by 2.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company’s stock valued at $3,489,000 after acquiring an additional 1,063 shares in the last quarter. Prospera Financial Services Inc grew its position in eBay by 794.2% in the third quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock valued at $4,598,000 after acquiring an additional 62,719 shares in the last quarter. Trustmark National Bank Trust Department purchased a new stake in shares of eBay during the third quarter valued at approximately $1,307,000. Finally, Principal Financial Group Inc. lifted its position in shares of eBay by 1.7% during the third quarter. Principal Financial Group Inc. now owns 594,161 shares of the e-commerce company’s stock worth $38,686,000 after purchasing an additional 9,990 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Wall Street Analysts Forecast Growth

EBAY has been the subject of a number of recent analyst reports. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $62.00 price target on shares of eBay in a report on Monday, October 7th. Citigroup raised their target price on eBay from $68.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. TD Cowen boosted 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. Barclays lowered their price objective on eBay from $65.00 to $64.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group upped their target price on eBay from $46.00 to $55.00 and gave the company a “sell” rating in a research report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, eBay has an average rating of “Hold” and a consensus price target of $62.83.

eBay Trading Down 2.4 %

Shares of NASDAQ EBAY opened at $64.63 on Wednesday. eBay Inc. has a 12-month low of $40.74 and a 12-month high of $71.52. The company has a market cap of $30.96 billion, a price-to-earnings ratio of 16.24, a price-to-earnings-growth ratio of 2.10 and a beta of 1.35. 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 stock’s 50 day simple moving average is $63.70 and its 200 day simple moving average is $61.18.

eBay Dividend Announcement

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

Insider Transactions at eBay

In related news, CFO Stephen J. Priest sold 1,033 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,225,644.40. This trade represents a 1.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $59.91, for a total value of $336,993.75. Following the transaction, the chief executive officer now owns 548,042 shares of the company’s stock, valued at $32,833,196.22. This trade represents a 1.02 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,149 shares of company stock worth $1,704,778. Insiders own 0.38% of the company’s stock.

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.