Congress Wealth Management LLC DE Increases Holdings in eBay Inc. (NASDAQ:EBAY)

Congress Wealth Management LLC DE boosted its position in eBay Inc. (NASDAQ:EBAY) by 9.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,412 shares of the e-commerce company’s stock after purchasing an additional 451 shares during the period. Congress Wealth Management LLC DE’s holdings in eBay were worth $335,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EBAY. Golden State Wealth Management LLC acquired a new stake in eBay during the 4th quarter valued at $27,000. Quarry LP acquired a new stake in shares of eBay during the third quarter valued at $36,000. New Wave Wealth Advisors LLC purchased a new stake in eBay during the 4th quarter worth about $36,000. Lee Danner & Bass Inc. acquired a new position in eBay in the 4th quarter valued at about $40,000. Finally, Versant Capital Management Inc lifted its holdings in eBay by 115.5% in the 4th 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 in the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Cornelius Boone sold 3,958 shares of the business’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total value of $265,423.48. Following the sale, the senior vice president now owns 94,392 shares of the company’s stock, valued at approximately $6,329,927.52. The trade was a 4.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Stephen J. Priest sold 1,033 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $64.93, for a total value of $67,072.69. Following the transaction, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at $4,225,644.40. This represents a 1.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,241 shares of company stock worth $1,061,665 over the last ninety days. Company insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on EBAY shares. StockNews.com raised shares of eBay from a “hold” rating to a “buy” rating in a research report on Friday, February 28th. Morgan Stanley lifted their price target on shares of eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. JPMorgan Chase & Co. boosted their price objective on eBay from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, February 27th. Susquehanna upped their target price on shares of eBay from $60.00 to $65.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $72.00 price target on shares of eBay in a report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $65.54.

eBay Stock Up 0.5 %

EBAY stock opened at $67.16 on Friday. The firm’s 50-day moving average is $67.11 and its two-hundred day moving average is $64.92. The company has a market capitalization of $31.30 billion, a price-to-earnings ratio of 16.87, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45. eBay Inc. has a 52 week low of $48.52 and a 52 week high of $71.61. 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 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.29 per share. This is a boost from eBay’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.16 annualized dividend and a yield of 1.73%. eBay’s payout ratio is presently 29.07%.

eBay Company 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.