Congress Wealth Management LLC DE Has $335,000 Stock Position in eBay Inc. (NASDAQ:EBAY)

Congress Wealth Management LLC DE boosted its stake in shares of eBay Inc. (NASDAQ:EBAY) by 9.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,412 shares of the e-commerce company’s stock after buying an additional 451 shares during the period. Congress Wealth Management LLC DE’s holdings in eBay were worth $335,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new position in shares of eBay during the fourth quarter valued at $27,000. Quarry LP acquired a new stake in eBay during the 3rd quarter worth about $36,000. New Wave Wealth Advisors LLC purchased a new position in eBay during the 4th quarter valued at about $36,000. Lee Danner & Bass Inc. acquired a new position in shares of eBay in the 4th quarter valued at about $40,000. Finally, Versant Capital Management Inc lifted its position in shares of eBay by 115.5% in the fourth 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 in the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Trading Up 0.5 %

Shares of eBay stock opened at $67.16 on Friday. eBay Inc. has a 1 year low of $48.52 and a 1 year high of $71.61. The company’s fifty day simple moving average is $67.11 and its 200-day simple moving average is $64.92. The company has a market cap of $31.30 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 2.22 and a beta of 1.45. 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 Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.73%. The ex-dividend date was Friday, March 14th. This is a boost from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio (DPR) is presently 29.07%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on EBAY shares. StockNews.com upgraded shares of eBay from a “hold” rating to a “buy” rating in a research note on Friday, February 28th. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of eBay in a research note on Thursday, February 27th. Morgan Stanley lifted their price objective on eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Bank of America cut their price target on eBay from $72.00 to $71.00 and set a “neutral” rating for the company in a research note on Thursday, February 27th. Finally, BMO Capital Markets boosted their price target on eBay from $59.00 to $63.00 and gave the company a “market perform” rating in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, eBay currently has an average rating of “Hold” and a consensus price target of $65.54.

Insider Transactions at eBay

In related news, SVP Cornelius Boone sold 3,958 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total value of $265,423.48. Following the completion of the transaction, the senior vice president now owns 94,392 shares of the company’s stock, valued at $6,329,927.52. This represents a 4.02 % 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, CFO Stephen J. Priest sold 1,033 shares of eBay stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $64.93, for a total value of $67,072.69. Following the sale, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,225,644.40. The trade was a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,241 shares of company stock valued at $1,061,665. 0.38% of the stock is owned by corporate insiders.

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.