New Wave Wealth Advisors LLC Makes New Investment in eBay Inc. (NASDAQ:EBAY)

New Wave Wealth Advisors LLC purchased a new stake in eBay Inc. (NASDAQ:EBAY) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 589 shares of the e-commerce company’s stock, valued at approximately $36,000.

A number of other institutional investors have also modified their holdings of the company. Quarry LP purchased a new stake in eBay during the third quarter valued at approximately $36,000. USA Financial Formulas acquired a new position in shares of eBay during the third quarter worth $38,000. Northwest Investment Counselors LLC purchased a new stake in shares of eBay during the 3rd quarter valued at $50,000. Versant Capital Management Inc boosted its position in shares of eBay by 115.5% in 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 in the last quarter. Finally, Financial Management Professionals Inc. grew its stake in 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 buying an additional 621 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors.

eBay Price Performance

Shares of NASDAQ EBAY opened at $67.48 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market capitalization of $32.32 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 2.11 and a beta of 1.35. The firm’s 50 day simple moving average is $64.38 and its 200-day simple moving average is $61.77. eBay Inc. has a 12 month low of $40.74 and a 12 month high of $71.52.

Analyst Ratings Changes

A number of research firms have commented on EBAY. Needham & Company LLC reiterated a “buy” rating and issued a $72.00 price target on shares of eBay in a research note on Thursday, October 31st. Morgan Stanley increased their price objective on shares of eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. JMP Securities reissued a “market perform” rating on shares of eBay in a research report on Monday, December 16th. TD Cowen upped their price target on shares of eBay from $45.00 to $54.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Finally, Robert W. Baird lowered their price objective on shares of eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Two investment 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.com, the company currently has an average rating of “Hold” and a consensus target price of $62.83.

Insiders Place Their Bets

In other eBay news, CFO Stephen J. Priest sold 5,252 shares of eBay stock in a transaction on Monday, December 16th. The shares were sold at an average price of $63.63, for a total transaction of $334,184.76. Following the sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at $4,141,040.40. The trade was a 7.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total value of $355,556.25. Following the completion of the sale, the chief executive officer now directly owns 531,167 shares of the company’s stock, valued at approximately $33,575,066.07. This represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,149 shares of company stock worth $1,704,778. Company insiders own 0.38% of the company’s stock.

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.