eBay Inc. (NASDAQ:EBAY) Shares Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management lifted its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 7.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 63,136 shares of the e-commerce company’s stock after buying an additional 4,356 shares during the period. Ritholtz Wealth Management’s holdings in eBay were worth $3,911,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Private Advisor Group LLC lifted its position in eBay by 90.7% in the third quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company’s stock valued at $2,963,000 after purchasing an additional 21,636 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in eBay by 2.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company’s stock valued at $3,489,000 after purchasing an additional 1,063 shares during the period. Prospera Financial Services Inc lifted its position in eBay by 794.2% in the third quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock valued at $4,598,000 after purchasing an additional 62,719 shares during the period. Trustmark National Bank Trust Department acquired a new stake in eBay in the third quarter valued at about $1,307,000. Finally, Nordea Investment Management AB increased its holdings in eBay by 3.8% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on EBAY shares. Robert W. Baird dropped their target price on shares of eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $62.00 target price on shares of eBay in a report on Monday, October 7th. Truist Financial increased their target price on shares of eBay from $58.00 to $62.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. StockNews.com cut shares of eBay from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $72.00 target price on shares of eBay in a report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, eBay has a consensus rating of “Hold” and an average target price of $62.83.

eBay Trading Down 0.1 %

Shares of NASDAQ:EBAY opened at $65.06 on Friday. The company has a 50 day moving average of $63.48 and a 200-day moving average of $60.85. The firm has a market cap of $31.16 billion, a P/E ratio of 16.35, a P/E/G ratio of 2.10 and a beta of 1.35. eBay Inc. has a twelve month low of $40.28 and a twelve month high of $71.52. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.66%. The ex-dividend date was Friday, November 29th. eBay’s dividend payout ratio is presently 27.14%.

Insider Activity at eBay

In other news, CFO Stephen J. Priest sold 5,252 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $63.63, for a total transaction of $334,184.76. Following the sale, the chief financial officer now owns 65,080 shares in the company, valued at $4,141,040.40. The trade was a 7.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total transaction of $350,887.50. Following the sale, the chief executive officer now owns 542,248 shares in the company, valued at $33,825,430.24. This represents a 1.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,116 shares of company stock valued at $1,637,705 over the last ninety days. Insiders own 0.38% of the company’s stock.

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.