Advisor OS LLC Invests $688,000 in eBay Inc. (NASDAQ:EBAY)

Advisor OS LLC purchased a new stake in eBay Inc. (NASDAQ:EBAY) in the 4th quarter, HoldingsChannel reports. The fund purchased 11,100 shares of the e-commerce company’s stock, valued at approximately $688,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new stake in eBay during the 4th quarter worth about $27,000. Quarry LP purchased a new stake in shares of eBay in the third quarter worth approximately $36,000. New Wave Wealth Advisors LLC acquired a new stake in shares of eBay during the fourth quarter worth approximately $36,000. Versant Capital Management Inc grew its position in eBay by 115.5% during the fourth 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. Finally, FSA Wealth Management LLC acquired a new position in eBay in the 3rd quarter valued at approximately $55,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Trading Down 2.5 %

Shares of eBay stock opened at $69.14 on Thursday. The company has a market cap of $33.12 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 2.22 and a beta of 1.35. eBay Inc. has a 1 year low of $46.53 and a 1 year high of $71.61. The company’s fifty day simple moving average is $66.24 and its 200-day simple moving average is $63.67. 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.29 per share. This is an increase from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 1.68%. eBay’s payout ratio is presently 27.14%.

Insider Transactions at eBay

In other news, SVP Cornelius Boone sold 3,989 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total transaction of $260,082.80. Following the sale, the senior vice president now directly owns 71,469 shares in the company, valued at approximately $4,659,778.80. The trade was a 5.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total value of $355,556.25. Following the completion of the transaction, the chief executive officer now owns 531,167 shares of the company’s stock, valued at $33,575,066.07. The trade was a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,149 shares of company stock worth $1,746,065. 0.38% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EBAY. Robert W. Baird decreased their target price on shares of eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Morgan Stanley lifted their price objective on eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Needham & Company LLC restated a “buy” rating and issued a $72.00 target price on shares of eBay in a research note on Thursday, October 31st. Mizuho raised their price target on eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Finally, Truist Financial lifted their price target on eBay from $58.00 to $62.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, eBay presently has an average rating of “Hold” and an average price target of $63.38.

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.