Alhambra Investment Management LLC Acquires Shares of 4,225 eBay Inc. (NASDAQ:EBAY)

Alhambra Investment Management LLC acquired a new position in shares of eBay Inc. (NASDAQ:EBAY) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 4,225 shares of the e-commerce company’s stock, valued at approximately $262,000.

Several other hedge funds also recently made changes to their positions in the company. Quarry LP purchased a new position in eBay during the third quarter worth about $36,000. USA Financial Formulas purchased a new stake in eBay in the 3rd quarter valued at approximately $38,000. Northwest Investment Counselors LLC acquired a new position in eBay during the 3rd quarter worth approximately $50,000. Versant Capital Management Inc raised its stake in shares of eBay by 115.5% during the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after buying an additional 448 shares in the last quarter. Finally, Financial Management Professionals Inc. lifted its holdings in shares of eBay by 276.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock valued at $55,000 after buying an additional 621 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Stock Performance

eBay stock opened at $66.19 on Friday. The stock has a fifty day moving average price of $63.63 and a 200 day moving average price of $60.97. eBay Inc. has a 52 week low of $40.33 and a 52 week high of $71.52. The firm has a market capitalization of $31.71 billion, a P/E ratio of 16.63, a PEG 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.

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. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend was Friday, November 29th. eBay’s dividend payout ratio is currently 27.14%.

Analyst Ratings Changes

A number of brokerages recently weighed in on EBAY. JPMorgan Chase & Co. dropped their price objective on eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Piper Sandler upped their price target on shares of eBay from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Stifel Nicolaus raised their price objective on shares of eBay from $56.00 to $64.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Truist Financial upped their target price on shares of eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Finally, Barclays reduced their price target on shares of eBay from $65.00 to $64.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Two 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 company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $62.83.

Insider Transactions at eBay

In other news, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total value of $355,556.25. Following the transaction, the chief executive officer now directly owns 531,167 shares in the company, valued at $33,575,066.07. This trade represents a 1.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Stephen J. Priest sold 1,033 shares of the business’s 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 sale, the chief financial officer now 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 disclosure for this sale can be found here. Insiders have sold a total of 27,149 shares of company stock worth $1,704,778 in the last three months. Company 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.