Korea Investment CORP Has $26.78 Million Stock Position in eBay Inc. (NASDAQ:EBAY)

Korea Investment CORP increased its position in shares of eBay Inc. (NASDAQ:EBAY) by 25.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 432,319 shares of the e-commerce company’s stock after acquiring an additional 87,970 shares during the quarter. Korea Investment CORP owned 0.09% of eBay worth $26,782,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Townsquare Capital LLC boosted its position in shares of eBay by 17.9% in the third quarter. Townsquare Capital LLC now owns 22,675 shares of the e-commerce company’s stock worth $1,476,000 after buying an additional 3,450 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in eBay by 4.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,447,627 shares of the e-commerce company’s stock worth $354,695,000 after acquiring an additional 216,162 shares during the period. Public Sector Pension Investment Board grew its stake in eBay by 9.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 19,555 shares of the e-commerce company’s stock valued at $1,273,000 after acquiring an additional 1,700 shares in the last quarter. Northwest & Ethical Investments L.P. purchased a new position in eBay during the 3rd quarter valued at about $4,486,000. Finally, Atlantic Union Bankshares Corp increased its holdings in shares of eBay by 7.1% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 49,616 shares of the e-commerce company’s stock valued at $3,230,000 after purchasing an additional 3,273 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Stock Up 0.5 %

EBAY stock opened at $67.16 on Friday. eBay Inc. has a twelve month low of $48.52 and a twelve month high of $71.61. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The company has a market cap of $31.30 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45. The business’s 50-day simple moving average is $67.11 and its 200 day simple moving average is $64.89.

eBay Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a $0.29 dividend. This is a boost from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 1.73%. The ex-dividend date was Friday, March 14th. eBay’s dividend payout ratio (DPR) is 29.07%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EBAY. UBS Group boosted their price objective on shares of eBay from $66.00 to $72.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. Barclays set a $72.00 price target on shares of eBay and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Citigroup lifted their price objective on eBay from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, February 14th. BMO Capital Markets upped their target price on eBay from $59.00 to $63.00 and gave the stock a “market perform” rating in a research report on Thursday, February 27th. Finally, Cantor Fitzgerald lifted their price target on eBay from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $65.54.

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 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 of the company’s stock, valued at $4,225,644.40. This represents a 1.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total value of $350,887.50. Following the sale, the chief executive officer now directly owns 542,248 shares in the company, valued at $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 a total of 16,241 shares of company stock valued at $1,061,665 over the last ninety days. 0.38% of the stock is owned by company insiders.

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.