Mizuho Securities USA LLC Grows Position in eBay Inc. (NASDAQ:EBAY)

Mizuho Securities USA LLC raised its position in shares of eBay Inc. (NASDAQ:EBAY) by 43.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,398 shares of the e-commerce company’s stock after acquiring an additional 13,689 shares during the period. Mizuho Securities USA LLC’s holdings in eBay were worth $2,812,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new stake in eBay in the fourth quarter worth $27,000. Quarry LP purchased a new position in shares of eBay in the 3rd quarter worth $36,000. New Wave Wealth Advisors LLC bought a new stake in shares of eBay in the 4th quarter worth about $36,000. Lee Danner & Bass Inc. purchased a new stake in shares of eBay during the 4th quarter valued at about $40,000. Finally, Versant Capital Management Inc raised its position in shares of eBay by 115.5% during the 4th 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. 87.48% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Stephen J. Priest sold 1,033 shares of the company’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $64.93, for a total transaction of $67,072.69. Following the completion of the sale, the chief financial officer now directly owns 65,080 shares in the company, valued at $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 available through this link. Also, SVP Cornelius Boone sold 3,958 shares of the business’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total transaction of $265,423.48. Following the completion of the transaction, the senior vice president now owns 94,392 shares of the company’s stock, valued at $6,329,927.52. This represents a 4.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,241 shares of company stock worth $1,061,665. Corporate insiders own 0.38% of the company’s stock.

eBay Stock Performance

EBAY stock opened at $66.54 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. eBay Inc. has a 1-year low of $48.52 and a 1-year high of $71.61. The business has a 50-day moving average price of $67.01 and a 200 day moving average price of $64.77. The company has a market capitalization of $31.01 billion, a P/E ratio of 16.72, a PEG ratio of 2.22 and a beta of 1.45.

eBay Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Friday, March 14th. This is a boost from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio is presently 29.07%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on EBAY. Susquehanna boosted their price objective on eBay from $60.00 to $65.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. StockNews.com upgraded eBay from a “hold” rating to a “buy” rating in a report on Friday, February 28th. Jefferies Financial Group lowered eBay from a “hold” rating to an “underperform” rating and decreased their price target for the company from $60.00 to $52.00 in a report on Tuesday, December 10th. BMO Capital Markets lifted their price objective on shares of eBay from $59.00 to $63.00 and gave the stock a “market perform” rating in a research note on Thursday, February 27th. Finally, Citigroup boosted their price objective on shares of eBay from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, eBay currently has a consensus 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.