Measured Wealth Private Client Group LLC Has $361,000 Stock Position in 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 Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,834 shares of the e-commerce company’s stock after purchasing an additional 2,368 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in eBay were worth $361,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Quarry LP bought a new stake in shares of eBay in the 3rd quarter valued at approximately $36,000. USA Financial Formulas acquired a new stake in eBay in the third quarter valued at approximately $38,000. New Wave Wealth Advisors LLC bought a new stake in eBay in the fourth quarter worth approximately $36,000. Northwest Investment Counselors LLC acquired a new position in shares of eBay during the 3rd quarter worth $50,000. Finally, Versant Capital Management Inc increased its stake in shares of eBay by 115.5% during the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after purchasing an additional 448 shares during the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Wedbush assumed coverage on shares of eBay in a report on Monday, December 9th. They issued a “neutral” rating and a $70.00 price objective for the company. UBS Group decreased their price target on eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Needham & Company LLC reissued a “buy” rating and issued a $72.00 price objective on shares of eBay in a research note on Thursday, October 31st. Bank of America reduced their target price on eBay from $67.00 to $64.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Finally, Wells Fargo & Company increased their price target on eBay from $59.00 to $61.00 and gave the company an “equal weight” rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, eBay has a consensus rating of “Hold” and a consensus price target of $62.92.

eBay Price Performance

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

Insider Buying and Selling at eBay

In other eBay news, SVP Cornelius Boone sold 3,989 shares of eBay 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. The trade was a 5.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total value of $355,556.25. Following the sale, the chief executive officer now owns 531,167 shares in the company, valued at $33,575,066.07. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,149 shares of company stock valued at $1,746,065. 0.38% of the stock is currently owned by corporate insiders.

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.