Oak Associates Ltd. OH Has $19.88 Million Stock Position in eBay Inc. (NASDAQ:EBAY)

Oak Associates Ltd. OH lessened its holdings in eBay Inc. (NASDAQ:EBAY) by 11.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 320,976 shares of the e-commerce company’s stock after selling 40,784 shares during the quarter. eBay accounts for approximately 1.4% of Oak Associates Ltd. OH’s investment portfolio, making the stock its 21st biggest position. Oak Associates Ltd. OH owned about 0.07% of eBay worth $19,884,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of EBAY. Quarry LP bought a new position in eBay in the third quarter valued at about $36,000. MML Investors Services LLC grew its holdings in shares of eBay by 6.9% during the 3rd quarter. MML Investors Services LLC now owns 133,832 shares of the e-commerce company’s stock valued at $8,714,000 after purchasing an additional 8,632 shares during the last quarter. M&T Bank Corp increased its position in eBay by 1.2% during the 3rd quarter. M&T Bank Corp now owns 44,174 shares of the e-commerce company’s stock worth $2,876,000 after purchasing an additional 540 shares in the last quarter. TD Private Client Wealth LLC lifted its stake in eBay by 10.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 5,462 shares of the e-commerce company’s stock valued at $356,000 after purchasing an additional 538 shares during the last quarter. Finally, TCW Group Inc. lifted its stake in eBay by 43.1% in the 3rd quarter. TCW Group Inc. now owns 36,981 shares of the e-commerce company’s stock valued at $2,408,000 after purchasing an additional 11,134 shares during the last quarter. Institutional investors own 87.48% of the company’s stock.

eBay Stock Up 0.8 %

Shares of NASDAQ EBAY opened at $62.47 on Friday. eBay Inc. has a 12-month low of $48.52 and a 12-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 firm has a market cap of $29.11 billion, a PE ratio of 15.70, a P/E/G ratio of 2.22 and a beta of 1.43. The company’s fifty day simple moving average is $66.55 and its 200 day simple moving average is $64.92.

eBay Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.29 dividend. The ex-dividend date was Friday, March 14th. This is an increase from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 1.86%. eBay’s dividend payout ratio (DPR) is currently 29.07%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EBAY. Morgan Stanley upped their price target on shares of eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Stifel Nicolaus lowered their target price on eBay from $64.00 to $63.00 and set a “hold” rating for the company in a report on Thursday, February 27th. JMP Securities reiterated a “market perform” rating on shares of eBay in a research report on Monday, December 16th. Barclays set a $72.00 price target on eBay and gave the stock an “overweight” rating in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of eBay from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Tuesday. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $65.21.

Insider Activity at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $67.25, for a total value of $378,281.25. Following the transaction, the chief executive officer now directly owns 530,998 shares of the company’s stock, valued at approximately $35,709,615.50. This trade represents a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stephen J. Priest sold 1,033 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $64.93, for a total transaction of $67,072.69. Following the sale, the chief financial officer now directly owns 65,080 shares of the company’s stock, 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 46,176 shares of company stock valued at $3,111,432 in the last three months. 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.