Isthmus Partners LLC Sells 3,277 Shares of eBay Inc. (NASDAQ:EBAY)

Isthmus Partners LLC lowered its stake in shares of eBay Inc. (NASDAQ:EBAY) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 236,176 shares of the e-commerce company’s stock after selling 3,277 shares during the quarter. eBay comprises 1.8% of Isthmus Partners LLC’s holdings, making the stock its 15th largest holding. Isthmus Partners LLC’s holdings in eBay were worth $14,631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC raised its stake 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 buying an additional 1,063 shares during the last quarter. Kestra Investment Management LLC increased its holdings in shares of eBay by 172.5% during the fourth quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company’s stock valued at $692,000 after acquiring an additional 7,074 shares in the last quarter. Trustmark National Bank Trust Department purchased a new position in shares of eBay in the 3rd quarter valued at approximately $1,307,000. Prospera Financial Services Inc boosted its stake in eBay by 794.2% in the 3rd quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock worth $4,598,000 after purchasing 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 4th quarter. Van ECK Associates Corp now owns 142,051 shares of the e-commerce company’s stock worth $8,800,000 after purchasing an additional 139,315 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Price Performance

EBAY stock opened at $70.51 on Monday. eBay Inc. has a 52-week low of $48.52 and a 52-week high of $71.61. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $32.86 billion, a PE ratio of 17.72, a P/E/G ratio of 2.22 and a beta of 1.45. The stock’s 50 day moving average is $66.60 and its two-hundred day moving average is $64.21.

eBay Increases Dividend

The firm also recently announced 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 represents a $1.16 dividend on an annualized basis and a dividend yield of 1.65%. This is a boost from eBay’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, March 14th. eBay’s dividend payout ratio is 29.07%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on EBAY shares. StockNews.com raised shares of eBay from a “hold” rating to a “buy” rating in a report on Friday, February 28th. Benchmark raised their target price on eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Stifel Nicolaus dropped their price target on eBay from $64.00 to $63.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. Wedbush initiated coverage on eBay in a report on Monday, December 9th. They issued a “neutral” rating and a $70.00 price objective on the stock. Finally, Wells Fargo & Company lifted their target price on eBay from $61.00 to $64.00 and gave the stock an “equal weight” rating in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $65.54.

Insider Transactions at eBay

In other news, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $67.25, for a total transaction of $378,281.25. Following the completion of the transaction, the chief executive officer now owns 530,998 shares in the company, valued at approximately $35,709,615.50. This represents a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Stephen J. Priest sold 5,252 shares of eBay stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $63.63, for a total value of $334,184.76. Following 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 disclosure for this sale can be found here. In the last three months, insiders have sold 21,524 shares of company stock worth $1,390,509. 0.38% of the stock is currently owned by insiders.

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.