Harvest Fund Management Co. Ltd Purchases 17,263 Shares of eBay Inc. (NASDAQ:EBAY)

Harvest Fund Management Co. Ltd increased its stake in eBay Inc. (NASDAQ:EBAY) by 331.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,475 shares of the e-commerce company’s stock after purchasing an additional 17,263 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in eBay were worth $1,388,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of EBAY. Golden State Wealth Management LLC bought a new position in eBay in the 4th quarter worth $27,000. Quarry LP bought a new position in eBay in the 3rd quarter worth $36,000. New Wave Wealth Advisors LLC bought a new position in eBay in the 4th quarter worth $36,000. Versant Capital Management Inc raised its holdings in eBay by 115.5% in the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after purchasing an additional 448 shares during the period. Finally, Washington Trust Advisors Inc. raised its holdings in eBay by 37.8% in the 4th quarter. Washington Trust Advisors Inc. now owns 839 shares of the e-commerce company’s stock worth $52,000 after purchasing an additional 230 shares during the period. 87.48% of the stock is owned by institutional investors.

eBay Trading Up 3.0 %

NASDAQ:EBAY opened at $67.20 on Thursday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a 50-day simple moving average of $67.05 and a 200-day simple moving average of $64.58. eBay Inc. has a one year low of $48.52 and a one year high of $71.61. The firm has a market cap of $31.32 billion, a P/E ratio of 16.88, a P/E/G ratio of 2.22 and a beta of 1.45.

eBay Increases Dividend

The business 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. The ex-dividend date is Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.73%. This is a positive change from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio is currently 29.07%.

Insider Buying and Selling at eBay

In related news, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $62.38, for a total transaction of $350,887.50. Following the completion of the sale, the chief executive officer now directly owns 542,248 shares in the company, valued at $33,825,430.24. This represents a 1.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Stephen J. Priest sold 1,033 shares of eBay stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $64.93, for a total value of $67,072.69. Following the completion of the transaction, the chief financial officer now owns 65,080 shares in the company, valued at $4,225,644.40. This trade represents a 1.56 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,283 shares of company stock valued at $796,241. 0.38% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Benchmark raised their target price on eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Jefferies Financial Group lowered eBay from a “hold” rating to an “underperform” rating and cut their price target for the stock from $60.00 to $52.00 in a research note on Tuesday, December 10th. StockNews.com upgraded eBay from a “hold” rating to a “buy” rating in a research note on Friday, February 28th. Cantor Fitzgerald increased their price target on eBay from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, February 27th. Finally, Susquehanna increased their price target on eBay from $60.00 to $65.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. Two 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. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $65.54.

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.