Allworth Financial LP Boosts Holdings in eBay Inc. (NASDAQ:EBAY)

Allworth Financial LP grew its position in shares of eBay Inc. (NASDAQ:EBAY) by 45.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,225 shares of the e-commerce company’s stock after purchasing an additional 2,573 shares during the period. Allworth Financial LP’s holdings in eBay were worth $525,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in EBAY. Wellington Management Group LLP bought a new stake in shares of eBay in the third quarter worth $105,506,000. International Assets Investment Management LLC increased its stake in shares of eBay by 9,092.5% in the third quarter. International Assets Investment Management LLC now owns 585,013 shares of the e-commerce company’s stock worth $38,090,000 after buying an additional 578,649 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of eBay by 599.3% in the third quarter. Janney Montgomery Scott LLC now owns 538,744 shares of the e-commerce company’s stock worth $35,078,000 after buying an additional 461,708 shares during the last quarter. Lord Abbett & CO. LLC bought a new stake in shares of eBay in the third quarter worth $25,132,000. Finally, Nordea Investment Management AB increased its stake in shares of eBay by 3.8% in the fourth 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 last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insider Buying and Selling at eBay

In other eBay news, CFO Stephen J. Priest sold 5,252 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $63.63, for a total value of $334,184.76. Following the completion of the sale, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at approximately $4,141,040.40. This represents a 7.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Cornelius Boone sold 3,989 shares of the company’s stock in a transaction dated 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 sale, the senior vice president now directly owns 71,469 shares of the company’s stock, valued at $4,659,778.80. The trade was a 5.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 27,149 shares of company stock valued at $1,746,065. 0.38% of the stock is owned by insiders.

eBay Stock Performance

Shares of EBAY opened at $69.46 on Friday. The firm has a 50-day moving average price of $65.65 and a 200 day moving average price of $63.17. The firm has a market capitalization of $33.27 billion, a PE ratio of 17.45, a P/E/G ratio of 2.23 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 52-week low of $43.09 and a 52-week high of $71.52.

Analyst Ratings Changes

A number of brokerages recently issued reports on EBAY. TD Cowen lifted their price target on shares of eBay from $45.00 to $54.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Piper Sandler lifted their price objective on shares of eBay from $64.00 to $67.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Wells Fargo & Company lifted their price objective on shares of eBay from $59.00 to $61.00 and gave the stock an “equal weight” rating in a report on Monday, February 3rd. JMP Securities reaffirmed a “market perform” rating on shares of eBay in a report on Monday, December 16th. Finally, Morgan Stanley lifted their price objective on shares of eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target 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.