Perritt Capital Management Inc Cuts Stock Position in eBay Inc. (NASDAQ:EBAY)

Perritt Capital Management Inc decreased its holdings in eBay Inc. (NASDAQ:EBAY) by 5.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,816 shares of the e-commerce company’s stock after selling 495 shares during the quarter. Perritt Capital Management Inc’s holdings in eBay were worth $546,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in EBAY. Nordea Investment Management AB increased its position in shares of eBay by 3.8% in the 4th quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock valued at $573,220,000 after purchasing an additional 335,035 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of eBay by 1.4% during the fourth quarter. Victory Capital Management Inc. now owns 5,936,508 shares of the e-commerce company’s stock worth $367,767,000 after purchasing an additional 82,904 shares in the last quarter. Boston Partners increased its holdings in eBay by 35.2% in the fourth quarter. Boston Partners now owns 5,856,276 shares of the e-commerce company’s stock valued at $362,823,000 after buying an additional 1,524,691 shares during the last quarter. Amundi lifted its holdings in eBay by 16.8% during the 4th quarter. Amundi now owns 4,719,128 shares of the e-commerce company’s stock worth $292,350,000 after buying an additional 677,389 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its position in shares of eBay by 23.2% during the 4th quarter. Allianz Asset Management GmbH now owns 2,460,879 shares of the e-commerce company’s stock worth $152,451,000 after acquiring an additional 463,015 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Wall Street Analysts Forecast Growth

EBAY has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on eBay from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, February 27th. Wedbush started coverage on shares of eBay in a report on Monday, December 9th. They set a “neutral” rating and a $70.00 price objective on the stock. BMO Capital Markets upped their target price on shares of eBay from $59.00 to $63.00 and gave the company a “market perform” rating in a report on Thursday, February 27th. Stifel Nicolaus cut their price target on shares of eBay from $64.00 to $63.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating on shares of eBay in a report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $65.54.

eBay Trading Up 0.1 %

NASDAQ:EBAY opened at $67.80 on Wednesday. eBay Inc. has a 1 year low of $48.52 and a 1 year high of $71.61. 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 stock has a fifty day moving average price of $67.20 and a two-hundred day moving average price of $65.02. The stock has a market capitalization of $31.59 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 2.22 and a beta of 1.45.

eBay Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date was Friday, March 14th. This is an increase from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio (DPR) is currently 29.07%.

Insider Activity at eBay

In other news, CFO Stephen J. Priest sold 1,033 shares of eBay stock in a transaction that occurred on Thursday, January 16th. The shares were 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 approximately $4,225,644.40. This trade represents a 1.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $62.38, for a total value of $350,887.50. Following the completion of the sale, the chief executive officer now owns 542,248 shares in the company, valued at approximately $33,825,430.24. This represents a 1.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,241 shares of company stock worth $1,061,665 over the last 90 days. Company insiders own 0.38% of the company’s stock.

eBay Company 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.