Kestra Investment Management LLC boosted its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 172.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,175 shares of the e-commerce company's stock after buying an additional 7,074 shares during the quarter. Kestra Investment Management LLC's holdings in eBay were worth $692,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Venturi Wealth Management LLC increased its position in eBay by 190.4% in the fourth quarter. Venturi Wealth Management LLC now owns 2,390 shares of the e-commerce company's stock worth $148,000 after purchasing an additional 1,567 shares during the period. Truist Financial Corp raised its position in shares of eBay by 5.3% in the 4th quarter. Truist Financial Corp now owns 1,131,477 shares of the e-commerce company's stock valued at $70,095,000 after acquiring an additional 56,463 shares during the period. CIBC Asset Management Inc lifted its holdings in eBay by 2.7% during the fourth quarter. CIBC Asset Management Inc now owns 74,296 shares of the e-commerce company's stock worth $4,603,000 after acquiring an additional 1,939 shares in the last quarter. Sanctuary Advisors LLC increased its stake in eBay by 1.9% during the 4th quarter. Sanctuary Advisors LLC now owns 53,298 shares of the e-commerce company's stock worth $3,599,000 after purchasing an additional 988 shares in the last quarter. Finally, Catalyst Capital Advisors LLC raised its holdings in eBay by 1.9% during the 4th quarter. Catalyst Capital Advisors LLC now owns 30,441 shares of the e-commerce company's stock worth $1,886,000 after buying an additional 582 shares during the period. Institutional investors and hedge funds own 87.48% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the stock. Morgan Stanley upped their target price on shares of eBay from $70.00 to $72.00 and gave the stock an "overweight" rating in a research note on Monday, January 13th. UBS Group cut their price objective on eBay from $72.00 to $66.00 and set a "neutral" rating for the company in a report on Thursday, October 31st. Stifel Nicolaus increased their price objective on eBay from $56.00 to $64.00 and gave the company a "hold" rating in a report on Monday, October 28th. Deutsche Bank Aktiengesellschaft cut their price objective on eBay from $70.00 to $63.00 and set a "buy" rating for the company in a research report on Friday, November 1st. Finally, Bank of America decreased their price objective on eBay from $67.00 to $64.00 and set a "neutral" rating on the stock in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $63.13.
Check Out Our Latest Stock Analysis on EBAY
eBay Stock Performance
Shares of NASDAQ EBAY traded down $0.07 during mid-day trading on Friday, hitting $69.39. The company had a trading volume of 4,010,627 shares, compared to its average volume of 4,335,389. eBay Inc. has a 1 year low of $43.12 and a 1 year high of $71.52. The stock's 50-day moving average price is $65.76 and its 200-day moving average price is $63.22. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $33.24 billion, a price-to-earnings ratio of 17.43, a P/E/G ratio of 2.21 and a beta of 1.35.
Insiders Place Their Bets
In other news, CEO Jamie Iannone sold 5,625 shares of the business's stock in a transaction dated Wednesday, December 4th. The stock was 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 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Cornelius Boone sold 3,989 shares of the business's 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 sale, the senior vice president now directly owns 71,469 shares of the company's stock, valued at approximately $4,659,778.80. This trade represents a 5.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,149 shares of company stock valued at $1,746,065 over the last 90 days. Insiders own 0.38% of the company's stock.
About eBay
(
Free Report)
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.
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