Wealth Enhancement Advisory Services LLC Acquires 1,063 Shares of eBay Inc. (NASDAQ:EBAY)

Wealth Enhancement Advisory Services LLC increased its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 53,580 shares of the e-commerce company’s stock after acquiring an additional 1,063 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in eBay were worth $3,489,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Private Advisor Group LLC increased its holdings in shares of eBay by 90.7% during the third quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company’s stock worth $2,963,000 after buying an additional 21,636 shares in the last quarter. Prospera Financial Services Inc grew its position in eBay by 794.2% during the 3rd quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock worth $4,598,000 after acquiring an additional 62,719 shares during the last quarter. Trustmark National Bank Trust Department acquired a new stake in eBay during the 3rd quarter valued at $1,307,000. Nordea Investment Management AB raised its position in eBay by 3.8% in the 4th quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock valued at $573,220,000 after purchasing an additional 335,035 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in eBay by 1.7% in the third quarter. Principal Financial Group Inc. now owns 594,161 shares of the e-commerce company’s stock worth $38,686,000 after purchasing an additional 9,990 shares in the last quarter. Institutional investors own 87.48% of the company’s stock.

Insider Buying and Selling

In other news, SVP Cornelius Boone sold 3,989 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total value of $260,082.80. Following the sale, the senior vice president now directly owns 71,469 shares in the company, valued at $4,659,778.80. The trade was a 5.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $62.38, for a total value of $350,887.50. Following the transaction, the chief executive officer now owns 542,248 shares of the company’s stock, valued at approximately $33,825,430.24. The trade was a 1.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 26,116 shares of company stock valued at $1,637,705. 0.38% of the stock is owned by corporate insiders.

eBay Stock Down 2.0 %

NASDAQ:EBAY opened at $64.41 on Wednesday. eBay Inc. has a 1 year low of $40.16 and a 1 year high of $71.52. The stock has a 50-day moving average price of $63.40 and a two-hundred day moving average price of $60.82. The stock has a market cap of $30.85 billion, a price-to-earnings ratio of 16.18, a PEG ratio of 2.22 and a beta of 1.35. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a $0.27 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.08 annualized dividend and a dividend yield of 1.68%. eBay’s dividend payout ratio is presently 27.14%.

Analyst Ratings Changes

EBAY has been the subject of a number of research analyst reports. Mizuho boosted their target price on shares of eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Stifel Nicolaus upped their price objective on eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Citigroup increased their price objective on eBay from $68.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Benchmark restated a “buy” rating and set a $65.00 target price on shares of eBay in a research report on Tuesday, October 29th. Finally, TD Cowen raised their price target on eBay from $45.00 to $54.00 and gave the company a “hold” rating in a report on Friday, October 25th. 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $62.83.

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.