Fifth Third Bancorp Cuts Stock Position in eBay Inc. (NASDAQ:EBAY)

Fifth Third Bancorp lessened its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 30.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,149 shares of the e-commerce company's stock after selling 11,676 shares during the quarter. Fifth Third Bancorp's holdings in eBay were worth $1,620,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Quarry LP acquired a new position in shares of eBay during the 3rd quarter worth approximately $36,000. USA Financial Formulas purchased a new position in eBay during the third quarter worth approximately $38,000. Northwest Investment Counselors LLC acquired a new position in eBay during the third quarter worth $50,000. Versant Capital Management Inc grew its holdings in eBay by 115.5% in the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company's stock valued at $52,000 after buying an additional 448 shares in the last quarter. Finally, Financial Management Professionals Inc. increased its stake in shares of eBay by 276.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company's stock worth $55,000 after acquiring an additional 621 shares during the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group boosted their price target on shares of eBay from $46.00 to $55.00 and gave the company a "sell" rating in a research report on Tuesday, October 15th. TD Cowen boosted their target price on shares of eBay from $45.00 to $54.00 and gave the company a "hold" rating in a report on Friday, October 25th. JPMorgan Chase & Co. cut their price target on shares of eBay from $60.00 to $58.00 and set a "neutral" rating for the company in a report on Friday, November 1st. UBS Group decreased their price objective on eBay from $72.00 to $66.00 and set a "neutral" rating on the stock in a report on Thursday, October 31st. Finally, StockNews.com lowered eBay from a "buy" rating to a "hold" rating in a research report on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, eBay presently has an average rating of "Hold" and a consensus price target of $62.83.

Insider Transactions at eBay

In other news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Wednesday, December 4th. The shares were 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. The trade was a 1.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Stephen J. Priest sold 1,033 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $64.93, for a total value of $67,072.69. Following the completion of the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,225,644.40. This trade represents a 1.56 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,149 shares of company stock valued at $1,704,778. 0.38% of the stock is currently owned by corporate insiders.

eBay Stock Down 1.8 %

EBAY traded down $1.19 on Wednesday, hitting $66.00. 3,536,917 shares of the company were exchanged, compared to its average volume of 5,202,792. 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 cap of $31.61 billion, a price-to-earnings ratio of 16.58, a price-to-earnings-growth ratio of 2.02 and a beta of 1.35. The firm has a 50-day moving average price of $64.15 and a two-hundred day moving average price of $61.69. eBay Inc. has a twelve month low of $40.74 and a twelve month high of $71.52.

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.