Evoke Wealth LLC Purchases Shares of 4,236 eBay Inc. (NASDAQ:EBAY)

Evoke Wealth LLC purchased a new stake in eBay Inc. (NASDAQ:EBAY) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,236 shares of the e-commerce company’s stock, valued at approximately $262,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its position in shares of 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 purchasing an additional 1,063 shares during the period. Kestra Investment Management LLC raised its position 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 worth $692,000 after purchasing an additional 7,074 shares during the period. Trustmark National Bank Trust Department acquired a new position in shares of eBay during the third quarter worth approximately $1,307,000. Prospera Financial Services Inc raised its position in shares of 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 purchasing an additional 62,719 shares during the period. Finally, Van ECK Associates Corp raised its position in shares of 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 purchasing an additional 139,315 shares during the period. 87.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Stephen J. Priest sold 1,033 shares of the stock in a transaction dated Thursday, January 16th. The stock was 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 approximately $4,225,644.40. This represents a 1.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $67.25, for a total value 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. This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,283 shares of company stock valued at $796,241. Corporate insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on EBAY. Susquehanna upped their target price on eBay from $60.00 to $65.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. Wedbush initiated coverage on eBay in a report on Monday, December 9th. They set a “neutral” rating and a $70.00 price target for the company. Morgan Stanley upped their price target on eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. JMP Securities reiterated a “market perform” rating on shares of eBay in a report on Monday, December 16th. Finally, UBS Group upped their price target on eBay from $66.00 to $72.00 and gave the stock a “neutral” rating in a report on Monday, February 24th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $65.54.

eBay Stock Up 3.0 %

EBAY stock opened at $67.20 on Thursday. The stock has a fifty day moving average of $67.05 and a 200-day moving average of $64.58. The company has a market capitalization of $31.32 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 2.22 and a beta of 1.45. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a fifty-two week low of $48.52 and a fifty-two week high of $71.61.

eBay Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.29 per share. 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 dividend on an annualized basis and a yield of 1.73%. eBay’s dividend payout ratio is 29.07%.

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.