National Bank of Canada FI Sells 49,040 Shares of eBay Inc. (NASDAQ:EBAY)

National Bank of Canada FI trimmed its position in eBay Inc. (NASDAQ:EBAY) by 23.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 159,547 shares of the e-commerce company’s stock after selling 49,040 shares during the quarter. National Bank of Canada FI’s holdings in eBay were worth $9,886,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of EBAY. Smithfield Trust Co boosted its position in shares of eBay by 3.6% in the 4th quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company’s stock worth $274,000 after purchasing an additional 153 shares in the last quarter. Cypress Wealth Services LLC boosted its holdings in eBay by 4.7% in the fourth quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company’s stock worth $216,000 after acquiring an additional 157 shares in the last quarter. IFP Advisors Inc grew its stake in shares of eBay by 7.2% during the fourth quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company’s stock worth $150,000 after acquiring an additional 163 shares during the last quarter. Capital Investment Advisors LLC increased its holdings in shares of eBay by 4.1% during the fourth quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company’s stock valued at $262,000 after acquiring an additional 167 shares in the last quarter. Finally, Bailard Inc. raised its position in shares of eBay by 0.5% in the 4th quarter. Bailard Inc. now owns 34,651 shares of the e-commerce company’s stock valued at $2,147,000 after purchasing an additional 169 shares during the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at eBay

In related news, SVP Cornelius Boone sold 3,958 shares of the company’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total transaction of $265,423.48. Following the completion of the transaction, the senior vice president now owns 94,392 shares in the company, valued at $6,329,927.52. This represents a 4.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stephen J. Priest sold 1,033 shares of eBay stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $64.93, for a total value of $67,072.69. Following the completion of the sale, the chief financial officer now 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 have sold a total of 38,676 shares of company stock valued at $2,613,807 over the last ninety days. Corporate insiders own 0.38% of the company’s stock.

eBay Stock Down 6.0 %

eBay stock opened at $62.40 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market capitalization of $29.08 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43. The business has a 50 day simple moving average of $67.26 and a 200-day simple moving average of $65.03. eBay Inc. has a 12 month low of $48.52 and a 12 month high of $71.61.

eBay Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was 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 1.86%. eBay’s dividend payout ratio is currently 29.07%.

Wall Street Analysts Forecast Growth

EBAY has been the topic of several research analyst reports. Cantor Fitzgerald boosted their target price on shares of eBay from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, February 27th. Morgan Stanley upped their target price on eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. JPMorgan Chase & Co. lifted their price target on eBay from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, February 27th. Benchmark boosted their price target on eBay from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Finally, Wedbush began coverage on eBay in a research note on Monday, December 9th. They issued a “neutral” rating and a $70.00 price objective for the company. Two investment 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. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $65.46.

eBay 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.