Montag A & Associates Inc. Boosts Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Montag A & Associates Inc. lifted its stake in eBay Inc. (NASDAQ:EBAY) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,643 shares of the e-commerce company’s stock after buying an additional 1,428 shares during the period. Montag A & Associates Inc.’s holdings in eBay were worth $4,190,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Golden State Wealth Management LLC bought a new position in eBay during the 4th quarter worth approximately $27,000. Quarry LP bought a new stake in eBay in the third quarter valued at approximately $36,000. New Wave Wealth Advisors LLC purchased a new stake in shares of eBay during the fourth quarter valued at approximately $36,000. Northwest Investment Counselors LLC bought a new position in shares of eBay in the third quarter worth approximately $50,000. Finally, Versant Capital Management Inc increased its stake in shares of eBay by 115.5% in the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after buying an additional 448 shares during the period. Institutional investors own 87.48% of the company’s stock.

Insider Activity

In other eBay news, CFO Stephen J. Priest sold 5,252 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $63.63, for a total transaction of $334,184.76. Following the completion of the sale, the chief financial officer now directly owns 65,080 shares in the company, valued at approximately $4,141,040.40. The trade was a 7.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Cornelius Boone sold 3,989 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total value 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 27,149 shares of company stock valued at $1,746,065 in the last 90 days. 0.38% of the stock is currently owned by insiders.

eBay Trading Up 0.9 %

eBay stock opened at $69.90 on Friday. eBay Inc. has a one year low of $42.14 and a one year high of $71.52. The business’s fifty day moving average is $65.30 and its 200 day moving average is $62.83. The stock has a market capitalization of $33.48 billion, a PE ratio of 17.56, a price-to-earnings-growth ratio of 2.15 and a beta of 1.35. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Wedbush initiated coverage on shares of eBay in a report on Monday, December 9th. They issued a “neutral” rating and a $70.00 price target on the stock. Citigroup raised their target price on eBay from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday. Stifel Nicolaus boosted their price target on eBay from $56.00 to $64.00 and gave the company a “hold” rating in a report on Monday, October 28th. Jefferies Financial Group lowered eBay from a “hold” rating to an “underperform” rating and cut their price objective for the stock from $60.00 to $52.00 in a research report on Tuesday, December 10th. Finally, TD Cowen upped their target price on eBay from $45.00 to $54.00 and gave the company a “hold” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, eBay currently has a consensus rating of “Hold” and a consensus target price of $63.13.

eBay Company 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.