Pictet Asset Management Holding SA Raises Position in eBay Inc. (NASDAQ:EBAY)

Pictet Asset Management Holding SA lifted its stake in eBay Inc. (NASDAQ:EBAY) by 5.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 286,438 shares of the e-commerce company’s stock after purchasing an additional 14,316 shares during the period. Pictet Asset Management Holding SA owned 0.06% of eBay worth $17,745,000 at the end of the most recent reporting period.

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

Insider Activity at eBay

In other news, SVP Cornelius Boone sold 3,958 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total value of $265,423.48. Following the completion of the sale, the senior vice president now owns 94,392 shares of the company’s stock, valued at approximately $6,329,927.52. This represents a 4.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at approximately $4,225,644.40. The trade was a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,241 shares of company stock worth $1,061,665 in the last 90 days. 0.38% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on EBAY shares. JPMorgan Chase & Co. lifted their target price on shares of eBay from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, February 27th. Stifel Nicolaus lowered their price objective on eBay from $64.00 to $63.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th. StockNews.com cut eBay from a “buy” rating to a “hold” rating in a research report on Tuesday. Jefferies Financial Group cut eBay from a “hold” rating to an “underperform” rating and lowered their price target for the stock from $60.00 to $52.00 in a report on Tuesday, December 10th. Finally, Bank of America cut their price objective on shares of eBay from $72.00 to $71.00 and set a “neutral” rating for the company in a report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $65.54.

eBay Stock Performance

Shares of eBay stock opened at $67.80 on Wednesday. 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 stock’s fifty day moving average is $67.20 and its two-hundred day moving average is $65.02. eBay Inc. has a 52 week low of $48.52 and a 52 week high of $71.61. The company has a market capitalization of $31.59 billion, a PE ratio of 17.04, a price-to-earnings-growth 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. Investors of record on Friday, March 14th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a 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%.

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.