Hickory Asset Management Inc. Takes Position in eBay Inc. (NASDAQ:EBAY)

Hickory Asset Management Inc. acquired a new position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,635 shares of the e-commerce company's stock, valued at approximately $287,000.

Other institutional investors also recently bought and sold shares of the company. Valeo Financial Advisors LLC increased its holdings in shares of eBay by 8.5% in the fourth quarter. Valeo Financial Advisors LLC now owns 6,267 shares of the e-commerce company's stock valued at $388,000 after purchasing an additional 493 shares during the period. White Pine Capital LLC grew its position in eBay by 4.5% in the 4th quarter. White Pine Capital LLC now owns 9,232 shares of the e-commerce company's stock valued at $572,000 after buying an additional 401 shares during the last quarter. V Square Quantitative Management LLC raised its position in eBay by 7.1% during the 4th quarter. V Square Quantitative Management LLC now owns 19,431 shares of the e-commerce company's stock worth $1,204,000 after buying an additional 1,285 shares during the last quarter. Asset Management One Co. Ltd. lifted 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 worth $12,966,000 after acquiring an additional 3,514 shares during the period. Finally, Avestar Capital LLC boosted its holdings in shares of eBay by 34.5% in the fourth quarter. Avestar Capital LLC now owns 8,666 shares of the e-commerce company's stock valued at $537,000 after acquiring an additional 2,225 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EBAY has been the subject of several analyst reports. Wedbush began coverage on shares of eBay in a report on Monday, December 9th. They set a "neutral" rating and a $70.00 price target for the company. JPMorgan Chase & Co. cut their target price on eBay from $60.00 to $58.00 and set a "neutral" rating for the company in a research note on Friday, November 1st. UBS Group reduced their price target on eBay from $72.00 to $66.00 and set a "neutral" rating for the company in a report on Thursday, October 31st. Barclays dropped their price objective on eBay from $65.00 to $64.00 and set an "overweight" rating on the stock in a report on Thursday, October 31st. Finally, Benchmark restated a "buy" rating and set a $65.00 target price on shares of eBay in a research report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, eBay presently has an average rating of "Hold" and an average price target of $63.13.

Insider Transactions at eBay

In other eBay news, SVP Cornelius Boone sold 3,989 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total transaction of $260,082.80. Following the transaction, the senior vice president now owns 71,469 shares of the company's stock, valued at $4,659,778.80. This trade represents a 5.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction, the chief executive officer now owns 531,167 shares in the company, valued at approximately $33,575,066.07. This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,149 shares of company stock worth $1,746,065 over the last quarter. 0.38% of the stock is currently owned by insiders.

eBay Trading Down 0.7 %

NASDAQ EBAY traded down $0.46 during mid-day trading on Wednesday, reaching $69.33. 3,441,167 shares of the stock were exchanged, compared to its average volume of 4,390,096. The stock has a market capitalization of $33.21 billion, a PE ratio of 17.42, a PEG ratio of 2.23 and a beta of 1.35. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a 1-year low of $42.97 and a 1-year high of $71.52. The business's fifty day simple moving average is $65.53 and its 200 day simple moving average is $63.13.

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.