Chevy Chase Trust Holdings LLC Sells 12,584 Shares of eBay Inc. (NASDAQ:EBAY)

Chevy Chase Trust Holdings LLC trimmed its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 374,811 shares of the e-commerce company's stock after selling 12,584 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.08% of eBay worth $23,220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. White Pine Capital LLC raised its position in shares of eBay by 4.5% in the 4th quarter. White Pine Capital LLC now owns 9,232 shares of the e-commerce company's stock worth $572,000 after acquiring an additional 401 shares in the last quarter. V Square Quantitative Management LLC boosted its stake in eBay by 7.1% during the fourth quarter. V Square Quantitative Management LLC now owns 19,431 shares of the e-commerce company's stock worth $1,204,000 after acquiring an additional 1,285 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in shares of eBay by 1.7% in the 4th quarter. Asset Management One Co. Ltd. now owns 206,425 shares of the e-commerce company's stock valued at $12,966,000 after buying an additional 3,514 shares during the period. Avestar Capital LLC boosted its holdings in eBay by 34.5% in the fourth quarter. Avestar Capital LLC now owns 8,666 shares of the e-commerce company's stock worth $537,000 after acquiring an additional 2,225 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in eBay by 5,091.9% in the fourth quarter. Van ECK Associates Corp now owns 142,051 shares of the e-commerce company's stock valued at $8,800,000 after acquiring an additional 139,315 shares during the period. 87.48% of the stock is owned by institutional investors and hedge funds.

eBay Stock Down 0.7 %

eBay stock traded down $0.46 during trading hours on Wednesday, hitting $69.33. 3,435,436 shares of the stock traded hands, compared to its average volume of 4,389,917. eBay Inc. has a one year low of $42.97 and a one year high of $71.52. The company has a market cap of $33.21 billion, a PE ratio of 17.42, a PEG ratio of 2.23 and a beta of 1.35. The firm's 50-day moving average price is $65.53 and its two-hundred day moving average price is $63.13. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EBAY. Citigroup boosted their target price on shares of eBay from $75.00 to $80.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Mizuho boosted their target price on shares of eBay from $55.00 to $60.00 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. JMP Securities reiterated a "market perform" rating on shares of eBay in a research note on Monday, December 16th. Bank of America lowered their target price on shares of eBay from $67.00 to $64.00 and set a "neutral" rating on the stock in a report on Thursday, October 31st. Finally, Morgan Stanley increased their price target 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 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 data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $63.13.

Insider Buying and Selling

In related news, SVP Cornelius Boone sold 3,989 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total value of $260,082.80. Following the completion of the transaction, the senior vice president now directly owns 71,469 shares in the company, valued at $4,659,778.80. This trade represents a 5.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total transaction of $355,556.25. Following the completion of the transaction, the chief executive officer now owns 531,167 shares of the company's stock, valued at approximately $33,575,066.07. The trade was a 1.05 % decrease in their ownership of the stock. 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. 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.