United Capital Financial Advisors LLC Has $707,000 Stock Holdings in eBay Inc. (NASDAQ:EBAY)

United Capital Financial Advisors LLC reduced its stake in eBay Inc. (NASDAQ:EBAY) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,405 shares of the e-commerce company’s stock after selling 244 shares during the quarter. United Capital Financial Advisors LLC’s holdings in eBay were worth $707,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Independent Franchise Partners LLP boosted its stake in eBay by 25.6% in the 4th quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company’s stock valued at $692,517,000 after purchasing an additional 2,277,839 shares during the period. Nordea Investment Management AB increased its position in eBay by 3.8% during the fourth quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock worth $573,220,000 after acquiring an additional 335,035 shares during the period. Victory Capital Management Inc. raised its stake in eBay by 1.4% in the 4th quarter. Victory Capital Management Inc. now owns 5,936,508 shares of the e-commerce company’s stock worth $367,767,000 after purchasing an additional 82,904 shares in the last quarter. Boston Partners boosted its holdings in eBay by 35.2% in the 4th quarter. Boston Partners now owns 5,856,276 shares of the e-commerce company’s stock valued at $362,823,000 after purchasing an additional 1,524,691 shares during the period. Finally, Amundi grew its position in shares of eBay by 16.8% during the 4th quarter. Amundi now owns 4,719,128 shares of the e-commerce company’s stock worth $292,350,000 after purchasing an additional 677,389 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on EBAY shares. 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. JPMorgan Chase & Co. cut their target price on eBay from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. StockNews.com cut eBay from a “buy” rating to a “hold” rating in a research report on Friday. Susquehanna upped their price objective on shares of eBay from $60.00 to $65.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. Finally, Stifel Nicolaus decreased their target price on shares of eBay from $64.00 to $63.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $65.13.

Insiders Place Their Bets

In other news, CEO Jamie Iannone sold 5,625 shares of eBay 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 completion of the sale, the chief executive officer now owns 530,998 shares in the company, valued at $35,709,615.50. The trade was a 1.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 transaction of $265,423.48. Following the transaction, the senior vice president now directly owns 94,392 shares in the company, valued at approximately $6,329,927.52. This represents a 4.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,310 shares of company stock worth $3,121,626. 0.38% of the stock is owned by corporate insiders.

eBay Stock Performance

Shares of EBAY opened at $66.26 on Friday. 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’s fifty day simple moving average is $66.30 and its two-hundred day simple moving average is $64.96. eBay Inc. has a 12 month low of $48.52 and a 12 month high of $71.61. The stock has a market capitalization of $30.88 billion, a P/E ratio of 16.65, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43.

eBay Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.16 annualized dividend and a yield of 1.75%. This is a boost from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio (DPR) is currently 29.07%.

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.