Venturi Wealth Management LLC Boosts Holdings in eBay Inc. (NASDAQ:EBAY)

Venturi Wealth Management LLC raised its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 190.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,390 shares of the e-commerce company’s stock after acquiring an additional 1,567 shares during the quarter. Venturi Wealth Management LLC’s holdings in eBay were worth $148,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in EBAY. Golden State Wealth Management LLC purchased a new position in eBay during the 4th quarter valued at about $27,000. Quarry LP purchased a new position in eBay during the 3rd quarter valued at about $36,000. New Wave Wealth Advisors LLC purchased a new position in eBay during the 4th quarter valued at about $36,000. Versant Capital Management Inc boosted 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. Finally, Financial Management Professionals Inc. boosted its stake in shares of eBay by 276.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock worth $55,000 after purchasing an additional 621 shares during the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $72.00 price target on shares of eBay in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft decreased their price target on shares of eBay from $70.00 to $63.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Robert W. Baird decreased their price target on shares of eBay from $70.00 to $68.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Morgan Stanley raised their price target on shares of eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Finally, Wedbush assumed coverage on shares of eBay in a research note on Monday, December 9th. They set a “neutral” rating and a $70.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, eBay has a consensus rating of “Hold” and an average price target of $63.13.

Insider Buying and Selling at eBay

In other news, SVP Cornelius Boone sold 3,989 shares of eBay stock in a transaction that occurred 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 sale, the senior vice president now owns 71,469 shares in the company, valued at $4,659,778.80. This trade represents a 5.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total transaction 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. This represents a 1.05 % decrease in their position. 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 over the last ninety days. Corporate insiders own 0.38% of the company’s stock.

eBay Trading Down 0.1 %

Shares of EBAY stock opened at $69.39 on Friday. The stock has a market cap of $33.24 billion, a price-to-earnings ratio of 17.43, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. 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 Inc. has a fifty-two week low of $43.12 and a fifty-two week high of $71.52. The firm’s 50 day moving average price is $65.87 and its two-hundred day moving average price is $63.32.

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.