Meriwether Wealth & Planning LLC Makes New Investment in eBay Inc. (NASDAQ:EBAY)

Meriwether Wealth & Planning LLC acquired a new stake in shares of eBay Inc. (NASDAQ:EBAY) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 15,206 shares of the e-commerce company’s stock, valued at approximately $942,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EBAY. Golden State Wealth Management LLC bought a new position in eBay in the fourth quarter worth approximately $27,000. Quarry LP bought a new stake in eBay during the third quarter valued at about $36,000. New Wave Wealth Advisors LLC purchased a new position in eBay in the fourth quarter valued at about $36,000. Versant Capital Management Inc grew its stake in eBay by 115.5% in the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after purchasing an additional 448 shares during the last quarter. Finally, Washington Trust Advisors Inc. grew its stake in eBay by 37.8% in the fourth quarter. Washington Trust Advisors Inc. now owns 839 shares of the e-commerce company’s stock valued at $52,000 after purchasing an additional 230 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors.

eBay Trading Up 3.9 %

Shares of NASDAQ:EBAY opened at $70.51 on Monday. eBay Inc. has a 12-month low of $48.52 and a 12-month high of $71.61. The company has a market capitalization of $32.86 billion, a PE ratio of 17.72, a PEG ratio of 2.22 and a beta of 1.45. The business has a 50 day moving average of $66.60 and a two-hundred day moving average of $64.21. 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 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 given a $0.29 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.65%. eBay’s payout ratio is 29.07%.

Insider Activity

In other news, CFO Stephen J. Priest sold 1,033 shares of the business’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 completion of the sale, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,225,644.40. The trade was a 1.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total value of $350,887.50. Following the completion of the sale, the chief executive officer now owns 542,248 shares of the company’s stock, valued at $33,825,430.24. This trade represents a 1.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,524 shares of company stock worth $1,390,509 over the last three months. 0.38% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on EBAY shares. Benchmark lifted their target price on eBay from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. StockNews.com upgraded eBay from a “hold” rating to a “buy” rating in a research note on Friday, February 28th. 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. Bank of America cut their target price on eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a research note on Thursday, February 27th. Finally, BMO Capital Markets lifted their target price on eBay from $59.00 to $63.00 and gave the company a “market perform” rating in a research note on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, eBay presently has a consensus rating of “Hold” and an average target price 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.