Measured Wealth Private Client Group LLC Buys 2,368 Shares of eBay Inc. (NASDAQ:EBAY)

Measured Wealth Private Client Group LLC raised its position in eBay Inc. (NASDAQ:EBAY) by 68.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 5,834 shares of the e-commerce company’s stock after buying an additional 2,368 shares during the period. Measured Wealth Private Client Group LLC’s holdings in eBay were worth $361,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of EBAY. Wellington Management Group LLP acquired a new position in shares of eBay during the third quarter valued at $105,506,000. International Assets Investment Management LLC raised its holdings in eBay by 9,092.5% during the 3rd quarter. International Assets Investment Management LLC now owns 585,013 shares of the e-commerce company’s stock worth $38,090,000 after purchasing an additional 578,649 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in eBay by 599.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 538,744 shares of the e-commerce company’s stock valued at $35,078,000 after purchasing an additional 461,708 shares during the period. Lord Abbett & CO. LLC bought a new position in shares of eBay in the 3rd quarter valued at about $25,132,000. Finally, Nordea Investment Management AB grew its position in shares of eBay by 3.8% during the 4th quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock worth $573,220,000 after buying an additional 335,035 shares during the period. 87.48% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $67.25, for a total transaction of $378,281.25. Following the completion of the transaction, the chief executive officer now owns 530,998 shares in the company, valued at approximately $35,709,615.50. This represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Cornelius Boone sold 3,989 shares of the firm’s stock in a transaction on 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 directly owns 71,469 shares of the company’s stock, valued at approximately $4,659,778.80. This trade represents a 5.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,149 shares of company stock valued at $1,746,065 in the last quarter. 0.38% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on EBAY shares. Morgan Stanley increased their price objective on shares of eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Piper Sandler increased their price target on eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft decreased their price objective on eBay from $70.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Barclays cut their target price on eBay from $65.00 to $64.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Finally, Wedbush assumed coverage on eBay in a research report on Monday, December 9th. They set a “neutral” rating and a $70.00 target price for the company. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, eBay presently has an average rating of “Hold” and a consensus target price of $62.92.

eBay Stock Up 0.2 %

NASDAQ:EBAY opened at $67.50 on Friday. The stock has a 50-day simple moving average of $64.60 and a 200 day simple moving average of $62.18. eBay Inc. has a 52-week low of $40.74 and a 52-week high of $71.52. The company has a market cap of $32.33 billion, a PE ratio of 16.96, a PEG ratio of 2.15 and a beta of 1.35. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25.

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.