Measured Wealth Private Client Group LLC Acquires New Stake in eBay Inc. (NASDAQ:EBAY)

Measured Wealth Private Client Group LLC bought a new position in eBay Inc. (NASDAQ:EBAY) in the third quarter, Holdings Channel reports. The firm bought 3,466 shares of the e-commerce company’s stock, valued at approximately $226,000.

Other hedge funds have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of eBay in the second quarter worth $26,000. Tortoise Investment Management LLC grew its holdings in eBay by 894.2% during the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after buying an additional 465 shares in the last quarter. LRI Investments LLC bought a new stake in shares of eBay during the first quarter valued at about $29,000. Hobbs Group Advisors LLC purchased a new stake in shares of eBay in the second quarter worth about $29,000. Finally, Washington Trust Advisors Inc. bought a new position in shares of eBay in the first quarter valued at approximately $30,000. 87.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EBAY. Wells Fargo & Company upped their target price on shares of eBay from $55.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, October 3rd. TD Cowen increased their price objective on eBay from $45.00 to $54.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Susquehanna lifted their price objective on eBay from $52.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Jefferies Financial Group boosted their target price on eBay from $58.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Finally, Daiwa America raised eBay to a “hold” rating in a report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $62.05.

eBay Stock Performance

Shares of EBAY stock opened at $57.51 on Friday. The company has a market capitalization of $28.87 billion, a P/E ratio of 11.46, a PEG ratio of 2.45 and a beta of 1.32. eBay Inc. has a fifty-two week low of $37.17 and a fifty-two week high of $67.80. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a 50 day moving average price of $63.00 and a two-hundred day moving average price of $56.67.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 EPS for the quarter, meeting analysts’ consensus estimates of $0.88. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.53 billion. eBay had a net margin of 26.41% and a return on equity of 29.69%. Analysts expect that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a yield of 1.88%. eBay’s dividend payout ratio is presently 21.51%.

Insider Activity

In related news, CFO Stephen J. Priest sold 1,167 shares of the business’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total transaction of $77,757.21. Following the transaction, the chief financial officer now owns 65,079 shares in the company, valued at $4,336,213.77. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other eBay news, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction on 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 transaction, the chief financial officer now owns 65,079 shares in the company, valued at approximately $4,336,213.77. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Cornelius Boone sold 3,974 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total value of $256,760.14. Following the transaction, the senior vice president now directly owns 70,113 shares of the company’s stock, valued at $4,530,000.93. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,391 shares of company stock valued at $2,678,424. Company insiders own 0.38% of the company’s stock.

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.