Vestcor Inc Sells 2,656 Shares of eBay Inc. (NASDAQ:EBAY)

Vestcor Inc trimmed its position in shares of eBay Inc. (NASDAQ:EBAY) by 24.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,417 shares of the e-commerce company’s stock after selling 2,656 shares during the quarter. Vestcor Inc’s holdings in eBay were worth $521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of eBay by 2.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company’s stock valued at $3,489,000 after buying an additional 1,063 shares during the period. Kestra Investment Management LLC increased its stake in shares of eBay by 172.5% in the 4th quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company’s stock worth $692,000 after purchasing an additional 7,074 shares in the last quarter. Trustmark National Bank Trust Department purchased a new stake in shares of eBay in the 3rd quarter worth $1,307,000. Prospera Financial Services Inc increased its stake in shares of eBay by 794.2% in the 3rd quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock worth $4,598,000 after purchasing an additional 62,719 shares in the last quarter. Finally, Van ECK Associates Corp increased its stake in shares of eBay by 5,091.9% in the 4th quarter. Van ECK Associates Corp now owns 142,051 shares of the e-commerce company’s stock worth $8,800,000 after purchasing an additional 139,315 shares in the last quarter. 87.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

EBAY has been the subject of several analyst reports. Stifel Nicolaus reduced their price objective on eBay from $64.00 to $63.00 and set a “hold” rating for the company in a research note on Thursday, February 27th. Benchmark upped their price objective on eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Wells Fargo & Company reiterated an “equal weight” rating on shares of eBay in a research note on Thursday, February 27th. StockNews.com upgraded eBay from a “hold” rating to a “buy” rating in a research note on Friday, February 28th. Finally, JPMorgan Chase & Co. increased their price target on eBay from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, February 27th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $65.54.

Insider Transactions at eBay

In other news, CFO Stephen J. Priest sold 1,033 shares of the firm’s 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 of the company’s stock, valued at approximately $4,225,644.40. This trade represents a 1.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jamie Iannone sold 5,625 shares of the firm’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 transaction of $350,887.50. Following the transaction, the chief executive officer now directly owns 542,248 shares in the company, valued at approximately $33,825,430.24. This trade represents a 1.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,272 shares of company stock valued at $1,056,324. 0.38% of the stock is currently owned by company insiders.

eBay Stock Up 1.6 %

Shares of NASDAQ EBAY opened at $65.28 on Monday. 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 company has a market cap of $30.42 billion, a P/E ratio of 16.40, a PEG ratio of 2.22 and a beta of 1.45. eBay Inc. has a 1 year low of $48.52 and a 1 year high of $71.61. The firm has a 50-day simple moving average of $66.97 and a two-hundred day simple moving average of $64.45.

eBay Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.16 annualized dividend and a yield of 1.78%. This is an increase from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio (DPR) is presently 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.