Fuller & Thaler Asset Management Inc. Increases Stake in eBay Inc. (NASDAQ:EBAY)

Fuller & Thaler Asset Management Inc. lifted its stake in eBay Inc. (NASDAQ:EBAY) by 4.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 288,406 shares of the e-commerce company’s stock after buying an additional 12,922 shares during the period. Fuller & Thaler Asset Management Inc.’s holdings in eBay were worth $17,867,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Independent Franchise Partners LLP increased 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 worth $692,517,000 after purchasing an additional 2,277,839 shares during the period. Nordea Investment Management AB raised its holdings in eBay by 3.8% during the 4th quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock valued at $573,220,000 after buying an additional 335,035 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in eBay by 3.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,032,336 shares of the e-commerce company’s stock valued at $435,665,000 after buying an additional 245,624 shares during the period. Victory Capital Management Inc. grew its holdings 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 acquiring an additional 82,904 shares during the last quarter. Finally, Boston Partners increased its position in shares of eBay by 35.2% in the fourth quarter. Boston Partners now owns 5,856,276 shares of the e-commerce company’s stock valued at $362,823,000 after acquiring an additional 1,524,691 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insider Activity

In other news, SVP Cornelius Boone sold 3,958 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total value of $265,423.48. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Stephen J. Priest sold 1,167 shares of the business’s stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $66.21, for a total transaction of $77,267.07. Following the sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at $4,308,946.80. This trade represents a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 46,310 shares of company stock valued at $3,121,626 in the last ninety days. 0.38% of the stock is currently owned by company insiders.

eBay Stock Performance

Shares of NASDAQ EBAY opened at $67.20 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm’s 50-day moving average price is $66.09 and its 200-day moving average price is $64.98. eBay Inc. has a 52-week low of $48.52 and a 52-week high of $71.61. The company has a market cap of $31.32 billion, a PE ratio of 16.88, a PEG ratio of 2.22 and a beta of 1.43.

eBay Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.29 per share. The ex-dividend date was 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 yield of 1.73%. eBay’s payout ratio is currently 29.07%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $72.00 target price on shares of eBay in a research note on Thursday, February 27th. Stifel Nicolaus reduced their target price on eBay from $63.00 to $61.00 and set a “hold” rating on the stock in a research note on Wednesday. Bank of America dropped their price target on eBay from $72.00 to $71.00 and set a “neutral” rating for the company in a research note on Thursday, February 27th. BMO Capital Markets lifted their price target on shares of eBay from $59.00 to $63.00 and gave the company a “market perform” rating in a report on Thursday, February 27th. Finally, Morgan Stanley dropped their target price on shares of eBay from $71.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $64.83.

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.