Bank Julius Baer & Co. Ltd Zurich Sells 1,055 Shares of eBay Inc. (NASDAQ:EBAY)

Bank Julius Baer & Co. Ltd Zurich trimmed its stake in eBay Inc. (NASDAQ:EBAY) by 19.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,335 shares of the e-commerce company’s stock after selling 1,055 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in eBay were worth $296,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Golden State Wealth Management LLC acquired a new position in shares of eBay in the 4th quarter worth approximately $27,000. Quarry LP bought a new stake in shares of eBay during the third quarter worth $36,000. New Wave Wealth Advisors LLC acquired a new stake in shares of eBay in the fourth quarter valued at $36,000. Versant Capital Management Inc increased its stake in shares of 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 buying an additional 448 shares in the last quarter. Finally, Washington Trust Advisors Inc. raised its holdings in shares of 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 buying an additional 230 shares during the last quarter. 87.48% of the stock is owned by institutional investors.

Insider Transactions at eBay

In related news, CFO Stephen J. Priest sold 5,252 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $63.63, for a total transaction of $334,184.76. Following the completion of the transaction, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,141,040.40. This represents a 7.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Cornelius Boone sold 3,989 shares of eBay stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total transaction of $260,082.80. Following the completion of the sale, the senior vice president now owns 71,469 shares in the company, valued at $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. Insiders sold 21,524 shares of company stock valued at $1,390,509 in the last ninety days. 0.38% of the stock is currently owned by corporate insiders.

eBay Stock Performance

Shares of eBay stock opened at $68.19 on Tuesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market cap of $31.78 billion, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45. The stock’s 50-day moving average is $66.72 and its 200-day moving average is $64.28. eBay Inc. has a one year low of $48.52 and a one year high of $71.61.

eBay Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.29 dividend. This is a boost from eBay’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, March 14th. This represents a $1.16 annualized dividend and a yield of 1.70%. eBay’s payout ratio is presently 29.07%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on EBAY. Cantor Fitzgerald increased their price objective on shares of eBay from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, February 27th. Wells Fargo & Company reissued an “equal weight” rating on shares of eBay in a research note on Thursday, February 27th. Susquehanna boosted their price objective on shares of eBay from $60.00 to $65.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. Benchmark increased their price objective on eBay from $65.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, BMO Capital Markets boosted their target price on eBay from $59.00 to $63.00 and gave the stock a “market perform” rating in a research report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target 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.