Ritholtz Wealth Management Acquires 4,356 Shares of eBay Inc. (NASDAQ:EBAY)

Ritholtz Wealth Management grew its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 7.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,136 shares of the e-commerce company's stock after acquiring an additional 4,356 shares during the quarter. Ritholtz Wealth Management's holdings in eBay were worth $3,911,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Ameriprise Financial Inc. raised its holdings in eBay by 17.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company's stock valued at $1,394,797,000 after acquiring an additional 3,880,649 shares in the last quarter. Wellington Management Group LLP acquired a new position in shares of eBay in the third quarter valued at $105,506,000. Altshuler Shaham Ltd acquired a new position in shares of eBay in the second quarter valued at $71,593,000. Pacer Advisors Inc. lifted its position in eBay by 11.5% in the second quarter. Pacer Advisors Inc. now owns 6,573,579 shares of the e-commerce company's stock worth $353,133,000 after purchasing an additional 679,528 shares during the period. Finally, International Assets Investment Management LLC boosted its stake in eBay by 9,092.5% during the third quarter. International Assets Investment Management LLC now owns 585,013 shares of the e-commerce company's stock worth $38,090,000 after buying an additional 578,649 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on EBAY shares. Bank of America dropped their price objective on shares of eBay from $67.00 to $64.00 and set a "neutral" rating for the company in a research note on Thursday, October 31st. JMP Securities restated a "market perform" rating on shares of eBay in a research note on Monday, December 16th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $62.00 price objective on shares of eBay in a report on Monday, October 7th. TD Cowen increased their target price on eBay from $45.00 to $54.00 and gave the stock a "hold" rating in a report on Friday, October 25th. Finally, Piper Sandler boosted their price target on eBay from $64.00 to $67.00 and gave the company an "overweight" rating in a research note on Thursday, October 31st. Two investment 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.com, the company has an average rating of "Hold" and a consensus target price of $62.83.

eBay Trading Up 1.7 %

Shares of NASDAQ EBAY traded up $1.13 during midday trading on Friday, hitting $66.19. The stock had a trading volume of 3,717,872 shares, compared to its average volume of 6,050,470. The firm has a market cap of $31.71 billion, a P/E ratio of 16.63, a price-to-earnings-growth ratio of 2.10 and a beta of 1.35. eBay Inc. has a fifty-two week low of $40.33 and a fifty-two week high of $71.52. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The company's 50-day simple moving average is $63.63 and its 200 day simple moving average is $60.97.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.63%. The ex-dividend date was Friday, November 29th. eBay's dividend payout ratio (DPR) is presently 27.14%.

Insider Transactions at eBay

In other eBay news, SVP Cornelius Boone sold 3,989 shares of eBay 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 sale, the senior vice president now owns 71,469 shares of the company's stock, valued at approximately $4,659,778.80. The trade was a 5.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the 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 completion of the transaction, the chief executive officer now directly owns 548,042 shares in the company, valued at approximately $32,833,196.22. This trade represents a 1.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,149 shares of company stock worth $1,704,778 in the last quarter. 0.38% of the stock is owned by company insiders.

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.