Montag A & Associates Inc. Acquires 1,428 Shares of eBay Inc. (NASDAQ:EBAY)

Montag A & Associates Inc. grew its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 2.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 67,643 shares of the e-commerce company’s stock after buying an additional 1,428 shares during the period. Montag A & Associates Inc.’s holdings in eBay were worth $4,190,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Golden State Wealth Management LLC bought a new position in eBay during the fourth quarter worth $27,000. Quarry LP bought a new position in shares of eBay during the 3rd quarter worth about $36,000. New Wave Wealth Advisors LLC acquired a new stake in shares of eBay in the 4th quarter valued at about $36,000. Northwest Investment Counselors LLC bought a new stake in eBay in the 3rd quarter valued at about $50,000. Finally, Versant Capital Management Inc raised its stake in eBay by 115.5% during the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after buying an additional 448 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on EBAY. JMP Securities reissued a “market perform” rating on shares of eBay in a research note on Monday, December 16th. Morgan Stanley boosted their price target on shares of eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. UBS Group dropped their price objective on shares of eBay from $72.00 to $66.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Wedbush initiated coverage on shares of eBay in a research report on Monday, December 9th. They set a “neutral” rating and a $70.00 target price for the company. Finally, Truist Financial raised their price target on shares of eBay from $58.00 to $62.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $63.13.

eBay Stock Performance

Shares of EBAY stock opened at $69.90 on Friday. The firm’s 50 day moving average is $65.30 and its 200 day moving average is $62.83. The stock has a market capitalization of $33.48 billion, a P/E ratio of 17.56, a PEG ratio of 2.15 and a beta of 1.35. eBay Inc. has a 12 month low of $42.14 and a 12 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.

Insiders Place Their Bets

In related news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total transaction of $378,281.25. Following the sale, the chief executive officer now directly owns 530,998 shares in the company, valued at approximately $35,709,615.50. The trade was a 1.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Cornelius Boone sold 3,989 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total value of $260,082.80. Following the completion of the transaction, the senior vice president now owns 71,469 shares of the company’s stock, valued at approximately $4,659,778.80. This represents a 5.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,149 shares of company stock worth $1,746,065 over the last 90 days. Corporate insiders own 0.38% of the company’s stock.

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.