Northstar Advisory Group LLC Increases Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Northstar Advisory Group LLC lifted its holdings in eBay Inc. (NASDAQ:EBAY) by 70.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 20,698 shares of the e-commerce company’s stock after buying an additional 8,523 shares during the period. Northstar Advisory Group LLC’s holdings in eBay were worth $1,282,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insiders Place Their Bets

In other eBay news, CFO Stephen J. Priest sold 1,167 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total value of $77,757.21. Following the completion of the sale, the chief financial officer now owns 65,079 shares of the company’s stock, valued at approximately $4,336,213.77. This trade represents a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $59.91, for a total transaction of $336,993.75. Following the transaction, the chief executive officer now owns 548,042 shares in the company, valued at $32,833,196.22. The trade was a 1.02 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,283 shares of company stock worth $1,715,462. 0.38% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

EBAY has been the topic of several research analyst reports. Mizuho boosted their price objective on eBay from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Morgan Stanley upped their price target on eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Monday. Wedbush assumed coverage on shares of eBay in a report on Monday, December 9th. They set a “neutral” rating and a $70.00 price objective for the company. Piper Sandler boosted their target price on shares of eBay from $64.00 to $67.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Finally, TD Cowen raised their target price on shares of eBay from $45.00 to $54.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $62.96.

eBay Stock Down 0.3 %

Shares of NASDAQ:EBAY traded down $0.18 during trading hours on Monday, hitting $65.72. The company’s stock had a trading volume of 4,120,157 shares, compared to its average volume of 7,289,145. The company has a market capitalization of $31.48 billion, a price-to-earnings ratio of 16.51, a P/E/G ratio of 2.22 and a beta of 1.35. The firm’s fifty day moving average price is $63.23 and its 200 day moving average price is $60.66. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. eBay Inc. has a 52 week low of $40.16 and a 52 week high of $71.52.

eBay Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $0.27 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.08 annualized dividend and a yield of 1.64%. eBay’s dividend payout ratio (DPR) is presently 27.14%.

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.