Triodos Investment Management BV Sells 52,500 Shares of eBay Inc. (NASDAQ:EBAY)

Triodos Investment Management BV lowered its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 7.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 657,998 shares of the e-commerce company’s stock after selling 52,500 shares during the period. eBay makes up about 3.3% of Triodos Investment Management BV’s holdings, making the stock its 9th biggest position. Triodos Investment Management BV owned 0.14% of eBay worth $40,763,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in EBAY. Wellington Management Group LLP acquired a new stake in eBay in the 3rd quarter valued at $105,506,000. Raymond James Financial Inc. bought a new stake in eBay during the 4th quarter worth approximately $96,214,000. Boston Partners raised its stake in shares of eBay by 35.2% in the fourth quarter. Boston Partners now owns 5,856,276 shares of the e-commerce company’s stock worth $362,823,000 after purchasing an additional 1,524,691 shares during the last quarter. Amundi lifted its holdings in shares of eBay by 16.8% in the fourth quarter. Amundi now owns 4,719,128 shares of the e-commerce company’s stock valued at $292,350,000 after purchasing an additional 677,389 shares in the last quarter. Finally, Norges Bank bought a new stake in eBay during the fourth quarter worth $40,805,000. 87.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on EBAY. Cantor Fitzgerald increased their target price on shares of eBay from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, February 27th. Bank of America decreased their price target on eBay from $72.00 to $71.00 and set a “neutral” rating for the company in a research report on Thursday, February 27th. Wells Fargo & Company restated an “equal weight” rating on shares of eBay in a research note on Thursday, February 27th. Citigroup boosted their price target on shares of eBay from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Finally, Morgan Stanley increased their target price on shares of eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $65.54.

eBay Stock Performance

Shares of EBAY stock opened at $66.81 on Friday. 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 1 year low of $48.52 and a 1 year high of $71.61. The stock has a market cap of $31.13 billion, a PE ratio of 16.79, a P/E/G ratio of 2.22 and a beta of 1.45. The stock has a fifty day moving average price of $67.09 and a 200 day moving average price of $64.84.

eBay Increases Dividend

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

Insider Transactions at eBay

In other news, SVP Cornelius Boone sold 3,958 shares of the firm’s stock in a transaction on 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 sale, the senior vice president now directly owns 94,392 shares of the company’s stock, valued at $6,329,927.52. This trade represents a 4.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction that occurred 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 transaction, the chief executive officer now owns 542,248 shares in the company, valued at approximately $33,825,430.24. The trade was a 1.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,241 shares of company stock valued at $1,061,665 over the last 90 days. Corporate insiders own 0.38% of the company’s stock.

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.