Borer Denton & Associates Inc. Buys 238 Shares of eBay Inc. (NASDAQ:EBAY)

Borer Denton & Associates Inc. raised its position in eBay Inc. (NASDAQ:EBAY) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,073 shares of the e-commerce company’s stock after purchasing an additional 238 shares during the period. Borer Denton & Associates Inc.’s holdings in eBay were worth $1,305,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in shares of eBay in the 4th quarter valued at approximately $27,000. Quarry LP bought a new position in shares of eBay during the 3rd quarter worth approximately $36,000. New Wave Wealth Advisors LLC bought a new position in eBay in the fourth quarter valued at $36,000. Lee Danner & Bass Inc. acquired a new stake in eBay in the 4th quarter valued at $40,000. Finally, Versant Capital Management Inc lifted its position in eBay by 115.5% during the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after buying an additional 448 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total value of $378,281.25. Following the sale, the chief executive officer now 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Cornelius Boone sold 3,958 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total value of $265,423.48. Following the completion of the transaction, the senior vice president now directly owns 94,392 shares of the company’s stock, valued at approximately $6,329,927.52. The trade was a 4.02 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,241 shares of company stock worth $1,061,665. 0.38% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Benchmark lifted their target price on eBay from $65.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. BMO Capital Markets boosted their price target on eBay from $59.00 to $63.00 and gave the stock a “market perform” rating in a research report on Thursday, February 27th. Wedbush began coverage on eBay in a report on Monday, December 9th. They issued a “neutral” rating and a $70.00 price objective for the company. StockNews.com upgraded shares of eBay from a “hold” rating to a “buy” rating in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. increased their price target 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. Two investment 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $65.54.

eBay Price Performance

Shares of NASDAQ:EBAY opened at $66.30 on Wednesday. The company has a 50-day simple moving average of $67.04 and a 200-day simple moving average of $64.82. 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 market capitalization of $30.90 billion, a price-to-earnings ratio of 16.66, a PEG ratio of 2.22 and a beta of 1.45. eBay Inc. has a one year low of $48.52 and a one year high of $71.61.

eBay Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 1.75%. eBay’s dividend payout ratio (DPR) is 29.07%.

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.