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

Modera Wealth Management LLC lifted its holdings in eBay Inc. (NASDAQ:EBAY) by 6.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,812 shares of the e-commerce company’s stock after purchasing 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 institutional investors and hedge funds have also modified their holdings of the company. Golden State Wealth Management LLC acquired a new stake in shares of eBay in the 4th quarter valued at $27,000. Quarry LP bought a new position in eBay in the 3rd quarter worth $36,000. New Wave Wealth Advisors LLC bought a new position in eBay in the 4th quarter worth $36,000. Versant Capital Management Inc raised 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 worth $52,000 after acquiring an additional 448 shares during the period. Finally, FSA Wealth Management LLC bought a new position in eBay in the 3rd quarter worth $55,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

Analyst Ratings Changes

EBAY has been the topic of several recent analyst reports. Truist Financial lifted their target price on shares of eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. UBS Group lifted their target price on shares of eBay from $66.00 to $72.00 and gave the stock a “neutral” rating in a report on Monday, February 24th. Barclays set a $72.00 target price on shares of eBay and gave the stock an “overweight” rating in a report on Thursday, February 27th. Wedbush began coverage on shares of eBay in a report on Monday, December 9th. They issued a “neutral” rating and a $70.00 target price on the stock. Finally, Susquehanna boosted their price objective on shares of eBay from $60.00 to $65.00 and gave the stock a “neutral” rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $65.54.

Insider Buying and Selling at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $67.25, for a total value of $378,281.25. Following the transaction, the chief executive officer now directly owns 530,998 shares in the company, valued at $35,709,615.50. The trade was a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Cornelius Boone sold 3,989 shares of the business’s stock in a transaction dated 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 trade represents a 5.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,524 shares of company stock worth $1,390,509 over the last ninety days. Corporate insiders own 0.38% of the company’s stock.

eBay Stock Performance

NASDAQ EBAY opened at $66.67 on Wednesday. The stock has a market cap of $31.07 billion, a P/E ratio of 16.75, a PEG ratio of 2.22 and a beta of 1.45. The company’s 50-day simple moving average is $66.31 and its 200 day simple moving average is $63.98. eBay Inc. has a twelve month low of $48.52 and a twelve month high of $71.61. 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 Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $0.29 dividend. The ex-dividend date is Friday, March 14th. This is a positive change from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 1.74%. eBay’s payout ratio is 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.