National Pension Service Has $55.06 Million Stake in eBay Inc. (NASDAQ:EBAY)

National Pension Service lowered its stake in shares of eBay Inc. (NASDAQ:EBAY) by 8.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 888,812 shares of the e-commerce company’s stock after selling 84,203 shares during the quarter. National Pension Service owned about 0.19% of eBay worth $55,062,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its position in eBay by 2.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company’s stock worth $3,489,000 after buying an additional 1,063 shares in the last quarter. Kestra Investment Management LLC grew its position in eBay by 172.5% during the fourth quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company’s stock worth $692,000 after buying an additional 7,074 shares in the last quarter. Trustmark National Bank Trust Department acquired a new stake in eBay during the third quarter worth approximately $1,307,000. Prospera Financial Services Inc grew its position in eBay by 794.2% during the third quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock worth $4,598,000 after buying an additional 62,719 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in eBay by 5,091.9% during the fourth quarter. Van ECK Associates Corp now owns 142,051 shares of the e-commerce company’s stock worth $8,800,000 after buying an additional 139,315 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Stock Down 8.2 %

Shares of NASDAQ:EBAY opened at $63.48 on Friday. The firm has a market cap of $30.41 billion, a P/E ratio of 15.95, a P/E/G ratio of 2.22 and a beta of 1.35. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 12-month low of $46.98 and a 12-month high of $71.61. The business has a fifty day simple moving average of $66.23 and a 200 day simple moving average of $63.66.

eBay Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.29 per share. This is an increase from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Friday, March 14th. eBay’s dividend payout ratio (DPR) is presently 27.14%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EBAY. Bank of America reduced their price target on eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a research report on Thursday. Cantor Fitzgerald upped their target price on eBay from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday. JMP Securities restated a “market perform” rating on shares of eBay in a research note on Monday, December 16th. Stifel Nicolaus cut their target price on eBay from $64.00 to $63.00 and set a “hold” rating for the company in a research note on Thursday. Finally, Mizuho upped their target price on eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $65.33.

Insiders Place Their Bets

In other eBay news, CFO Stephen J. Priest sold 5,252 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $63.63, for a total transaction of $334,184.76. Following the completion of the sale, the chief financial officer now directly owns 65,080 shares in the company, valued at approximately $4,141,040.40. This trade represents a 7.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Cornelius Boone sold 3,989 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total value of $260,082.80. Following the sale, the senior vice president now owns 71,469 shares of the company’s stock, 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 ninety days, insiders sold 27,149 shares of company stock worth $1,746,065. Company insiders own 0.38% of the company’s stock.

About eBay

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.