Modera Wealth Management LLC Has $608,000 Stake in eBay Inc. (NASDAQ:EBAY)

Modera Wealth Management LLC lifted its stake in shares of eBay Inc. (NASDAQ:EBAY) by 6.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 9,812 shares of the e-commerce company’s stock after buying an additional 579 shares during the period. Modera Wealth Management LLC’s holdings in eBay were worth $608,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in shares of eBay during the fourth quarter worth approximately $27,000. Quarry LP acquired a new position in shares of eBay during the third quarter worth approximately $36,000. New Wave Wealth Advisors LLC acquired a new position in shares of eBay during the fourth quarter worth approximately $36,000. Versant Capital Management Inc lifted its position in shares of eBay by 115.5% during the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after purchasing an additional 448 shares in the last quarter. Finally, FSA Wealth Management LLC acquired a new position in shares of eBay during the third quarter worth approximately $55,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at eBay

In related news, SVP Cornelius Boone sold 3,989 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total transaction of $260,082.80. Following the completion of the transaction, the senior vice president now owns 71,469 shares in the company, valued at approximately $4,659,778.80. This represents a 5.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Stephen J. Priest sold 1,033 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $64.93, for a total transaction of $67,072.69. Following the transaction, the chief financial officer now owns 65,080 shares of the company’s stock, valued at $4,225,644.40. The trade was a 1.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,524 shares of company stock valued at $1,390,509 over the last quarter. Corporate insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of eBay from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, February 27th. Truist Financial boosted their price target on shares of eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Mizuho boosted their price target on shares of eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Needham & Company LLC reissued a “buy” rating and set a $72.00 price target on shares of eBay in a research note on Thursday, February 27th. Finally, 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 note on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat, eBay has a consensus rating of “Hold” and a consensus target price of $65.54.

eBay Stock Up 2.2 %

Shares of EBAY stock opened at $66.67 on Wednesday. The firm has a fifty day moving average of $66.31 and a 200-day moving average of $63.98. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 12-month low of $48.52 and a 12-month high of $71.61. The company has a market capitalization of $31.07 billion, a price-to-earnings ratio of 16.75, a P/E/G ratio of 2.22 and a beta of 1.45.

eBay Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.29 per share. This is an increase from eBay’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.74%. eBay’s dividend payout ratio is currently 29.07%.

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.