Murphy & Mullick Capital Management Corp Makes New Investment in eBay Inc. (NASDAQ:EBAY)

Murphy & Mullick Capital Management Corp bought a new stake in eBay Inc. (NASDAQ:EBAY) during the 4th quarter, HoldingsChannel reports. The fund bought 3,204 shares of the e-commerce company’s stock, valued at approximately $198,000.

Several other institutional investors have also recently made changes to their positions in EBAY. Golden State Wealth Management LLC bought a new position in eBay during the 4th quarter valued at about $27,000. Quarry LP bought a new position in shares of eBay during the third quarter valued at approximately $36,000. New Wave Wealth Advisors LLC purchased a new stake in shares of eBay in the fourth quarter worth approximately $36,000. Lee Danner & Bass Inc. bought a new stake in shares of eBay during the 4th quarter worth approximately $40,000. Finally, Versant Capital Management Inc boosted its holdings in eBay by 115.5% during the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after acquiring an additional 448 shares during the period. Institutional investors own 87.48% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on EBAY. UBS Group upped their price target on shares of eBay from $66.00 to $72.00 and gave the stock a “neutral” rating in a report on Monday, February 24th. Bank of America lowered their target price on eBay from $72.00 to $71.00 and set a “neutral” rating for the company in a report on Thursday, February 27th. JPMorgan Chase & Co. raised their price target on eBay from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, February 27th. JMP Securities reaffirmed a “market perform” rating on shares of eBay in a research note on Monday, December 16th. Finally, Morgan Stanley raised their target price on shares of eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, eBay has an average rating of “Hold” and an average price target of $65.54.

eBay Trading Down 1.1 %

NASDAQ:EBAY opened at $65.58 on Thursday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm has a fifty day simple moving average of $67.05 and a 200-day simple moving average of $64.83. eBay Inc. has a 12 month low of $48.52 and a 12 month high of $71.61. The company has a market capitalization of $30.56 billion, a P/E ratio of 16.48, a PEG ratio of 2.22 and a beta of 1.45.

eBay Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders 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 positive change from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.77%. eBay’s dividend payout ratio is currently 29.07%.

Insider Transactions at eBay

In related news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total value of $350,887.50. Following the transaction, the chief executive officer now owns 542,248 shares in the company, valued at approximately $33,825,430.24. This represents a 1.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Cornelius Boone sold 3,958 shares of eBay stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total transaction of $265,423.48. Following the sale, the senior vice president now 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,241 shares of company stock worth $1,061,665 over the last three months. 0.38% of the stock is currently owned by insiders.

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.