eBay Inc. (NASDAQ:EBAY) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. trimmed its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 27.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 187,997 shares of the e-commerce company's stock after selling 72,575 shares during the quarter. Vontobel Holding Ltd.'s holdings in eBay were worth $11,646,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of EBAY. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of eBay by 0.3% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company's stock valued at $3,418,000 after purchasing an additional 153 shares during the last quarter. Cypress Wealth Services LLC raised its stake in eBay by 4.7% in the 4th quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company's stock worth $216,000 after acquiring an additional 157 shares during the last quarter. Capital Investment Advisors LLC raised its stake in eBay by 4.1% in the 4th quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company's stock worth $262,000 after acquiring an additional 167 shares during the last quarter. Optas LLC raised its stake in eBay by 0.5% in the 3rd quarter. Optas LLC now owns 34,082 shares of the e-commerce company's stock worth $2,219,000 after acquiring an additional 171 shares during the last quarter. Finally, Kathmere Capital Management LLC raised its stake in eBay by 1.2% in the 4th quarter. Kathmere Capital Management LLC now owns 14,250 shares of the e-commerce company's stock worth $883,000 after acquiring an additional 173 shares during the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on EBAY. Needham & Company LLC reiterated a "buy" rating and set a $72.00 price objective on shares of eBay in a research note on Thursday, October 31st. Morgan Stanley lifted their price objective on eBay from $70.00 to $72.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. Stifel Nicolaus lifted their price objective on eBay from $56.00 to $64.00 and gave the company a "hold" rating in a research note on Monday, October 28th. JMP Securities restated a "market perform" rating on shares of eBay in a research report on Monday, December 16th. Finally, Sanford C. Bernstein upgraded eBay from a "market perform" rating to an "outperform" rating and set a $70.00 target price on the stock in a research report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $63.13.

Insiders Place Their Bets

In other news, SVP Cornelius Boone sold 3,989 shares of the company's stock in a transaction that occurred on 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 represents a 5.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jamie Iannone sold 5,625 shares of the company's stock in a transaction that occurred on 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,149 shares of company stock worth $1,746,065 in the last quarter. 0.38% of the stock is owned by corporate insiders.

eBay Trading Down 0.1 %

NASDAQ:EBAY traded down $0.08 during trading hours on Tuesday, reaching $69.82. 3,526,877 shares of the company were exchanged, compared to its average volume of 4,377,796. The stock has a 50 day simple moving average of $65.40 and a 200 day simple moving average of $63.03. eBay Inc. has a 52-week low of $42.97 and a 52-week high of $71.52. 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 firm has a market cap of $33.44 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 2.15 and a beta of 1.35.

About eBay

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.