eBay Inc. (NASDAQ:EBAY) Shares Acquired by Wedmont Private Capital

Wedmont Private Capital boosted its stake in shares of eBay Inc. (NASDAQ:EBAY) by 3.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,605 shares of the e-commerce company’s stock after purchasing an additional 313 shares during the quarter. Wedmont Private Capital’s holdings in eBay were worth $567,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP bought a new position in shares of eBay during the third quarter worth about $36,000. USA Financial Formulas acquired a new position in eBay during the 3rd quarter valued at about $38,000. Northwest Investment Counselors LLC bought a new position in eBay in the 3rd quarter worth about $50,000. Versant Capital Management Inc increased its stake in shares of eBay by 115.5% in the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after purchasing an additional 448 shares during the period. Finally, Financial Management Professionals Inc. raised its holdings in shares of eBay by 276.0% during the third quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock valued at $55,000 after buying an additional 621 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Stephen J. Priest sold 5,252 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $63.63, for a total value of $334,184.76. Following the transaction, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at approximately $4,141,040.40. This represents a 7.47 % decrease in their ownership of the stock. The transaction 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 eBay stock in a transaction on Monday, November 4th. The shares were sold at an average price of $59.91, for a total value of $336,993.75. Following the sale, the chief executive officer now directly owns 548,042 shares of the company’s stock, valued at approximately $32,833,196.22. The trade was a 1.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,116 shares of company stock worth $1,637,705 in the last 90 days. Company insiders own 0.38% of the company’s stock.

eBay Price Performance

EBAY opened at $64.41 on Wednesday. eBay Inc. has a 12-month low of $40.16 and a 12-month high of $71.52. 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 has a market capitalization of $30.85 billion, a P/E ratio of 16.18, a PEG ratio of 2.22 and a beta of 1.35. The stock has a fifty day moving average of $63.40 and a 200-day moving average of $60.82.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a dividend of $0.27 per share. The ex-dividend date was Friday, November 29th. This represents a $1.08 annualized dividend and a yield of 1.68%. eBay’s dividend payout ratio (DPR) is presently 27.14%.

Analysts Set New Price Targets

Several research firms recently commented on EBAY. Wedbush started coverage on eBay in a research report on Monday, December 9th. They issued a “neutral” rating and a $70.00 target price on the stock. JPMorgan Chase & Co. cut their price objective on shares of eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. The Goldman Sachs Group increased their target price on shares of eBay from $46.00 to $55.00 and gave the company a “sell” rating in a research report on Tuesday, October 15th. Jefferies Financial Group downgraded shares of eBay from a “hold” rating to an “underperform” rating and dropped their price target for the stock from $60.00 to $52.00 in a research report on Tuesday, December 10th. Finally, Citigroup increased their price objective on shares of eBay from $68.00 to $75.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $62.83.

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.