ProVise Management Group LLC Boosts Holdings in eBay Inc. (NASDAQ:EBAY)

ProVise Management Group LLC boosted its position in shares of eBay Inc. (NASDAQ:EBAY) by 2.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 144,599 shares of the e-commerce company’s stock after buying an additional 3,958 shares during the quarter. ProVise Management Group LLC’s holdings in eBay were worth $8,958,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new stake in shares of eBay during the fourth quarter valued at $27,000. Quarry LP purchased a new stake in shares of eBay during the third quarter valued at $36,000. New Wave Wealth Advisors LLC purchased a new stake in shares of eBay during the fourth quarter valued at $36,000. Versant Capital Management Inc boosted its stake in shares of eBay by 115.5% during 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 period. Finally, Washington Trust Advisors Inc. boosted its stake in shares of eBay by 37.8% during 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 period. 87.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wells Fargo & Company reissued an “equal weight” rating on shares of eBay in a research note on Thursday, February 27th. JMP Securities reaffirmed a “market perform” rating on shares of eBay in a research note on Monday, December 16th. Morgan Stanley upped their price objective on shares of eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Stifel Nicolaus lowered their price objective on shares of eBay from $64.00 to $63.00 and set a “hold” rating for the company in a research note on Thursday, February 27th. Finally, Citigroup upped their price objective on shares of eBay from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Two equities 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 data from MarketBeat.com, eBay presently has a consensus rating of “Hold” and a consensus target price of $65.54.

Insider Transactions at eBay

In other news, CFO Stephen J. Priest sold 1,033 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $64.93, for a total transaction 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. This trade represents a 1.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total transaction of $378,281.25. Following the sale, the chief executive officer now directly owns 530,998 shares in the company, valued at $35,709,615.50. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,283 shares of company stock valued at $796,241 in the last 90 days. 0.38% of the stock is currently owned by company insiders.

eBay Stock Performance

EBAY opened at $65.24 on Wednesday. eBay Inc. has a 12-month low of $48.52 and a 12-month high of $71.61. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $30.40 billion, a PE ratio of 16.39, a P/E/G ratio of 2.22 and a beta of 1.45. The firm has a 50 day moving average of $67.10 and a two-hundred day moving average of $64.56.

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 given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 1.78%. eBay’s dividend payout ratio (DPR) is currently 29.07%.

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.