Empowered Funds LLC Has $5.37 Million Stake in eBay Inc. (NASDAQ:EBAY)

Empowered Funds LLC decreased its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 18.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 86,679 shares of the e-commerce company's stock after selling 19,679 shares during the quarter. Empowered Funds LLC's holdings in eBay were worth $5,370,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP purchased a new stake in eBay during the third quarter worth about $105,506,000. International Assets Investment Management LLC increased its stake in eBay by 9,092.5% during 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 purchasing an additional 578,649 shares during the period. Janney Montgomery Scott LLC increased its stake in eBay by 599.3% during the third quarter. Janney Montgomery Scott LLC now owns 538,744 shares of the e-commerce company's stock worth $35,078,000 after purchasing an additional 461,708 shares during the period. Lord Abbett & CO. LLC purchased a new stake in eBay during the third quarter worth about $25,132,000. Finally, Nordea Investment Management AB increased its stake in eBay by 3.8% during 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 purchasing an additional 335,035 shares during the period. Institutional investors and hedge funds own 87.48% of the company's stock.

Analysts Set New Price Targets

EBAY has been the topic of a number of recent research reports. Needham & Company LLC restated a "buy" rating and set a $72.00 target price on shares of eBay in a research note on Thursday, October 31st. Mizuho increased their price objective on eBay from $55.00 to $60.00 and gave the company a "neutral" rating in a report on Tuesday, November 5th. Robert W. Baird decreased their price objective on eBay from $70.00 to $68.00 and set an "outperform" rating for the company in a report on Thursday, October 31st. StockNews.com lowered shares of eBay from a "buy" rating to a "hold" rating in a research report on Monday, November 11th. Finally, Barclays lowered their price objective on shares of eBay from $65.00 to $64.00 and set an "overweight" rating on the stock in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $63.13.

eBay Stock Performance

NASDAQ EBAY traded up $0.64 during trading hours on Friday, hitting $69.90. The company had a trading volume of 3,501,531 shares, compared to its average volume of 3,757,130. eBay Inc. has a fifty-two week low of $42.14 and a fifty-two week high of $71.52. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The business has a fifty day simple moving average of $65.30 and a 200-day simple moving average of $62.83. The firm has a market cap of $33.48 billion, a P/E ratio of 17.56, a price-to-earnings-growth ratio of 2.15 and a beta of 1.35.

Insider Activity at eBay

In related news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $62.38, for a total value of $350,887.50. Following the completion of the transaction, the chief executive officer now owns 542,248 shares in the company, valued at $33,825,430.24. This trade represents a 1.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Stephen J. Priest sold 5,252 shares of the stock in a transaction on 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 transaction, the chief financial officer now owns 65,080 shares of the company's stock, valued at $4,141,040.40. This trade represents a 7.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,149 shares of company stock valued at $1,746,065 over the last 90 days. 0.38% of the stock is currently owned by corporate insiders.

eBay 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.