Ingalls & Snyder LLC decreased its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 35.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 128,081 shares of the e-commerce company's stock after selling 70,898 shares during the quarter. Ingalls & Snyder LLC's holdings in eBay were worth $7,935,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the business. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in eBay by 0.3% in the third 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 in the last quarter. Cypress Wealth Services LLC grew its position in eBay by 4.7% in the fourth quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company's stock valued at $216,000 after purchasing an additional 157 shares in the last quarter. Capital Investment Advisors LLC grew its position in eBay by 4.1% in the fourth quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company's stock valued at $262,000 after purchasing an additional 167 shares in the last quarter. Optas LLC grew its position in eBay by 0.5% in the third quarter. Optas LLC now owns 34,082 shares of the e-commerce company's stock valued at $2,219,000 after purchasing an additional 171 shares in the last quarter. Finally, Kathmere Capital Management LLC grew its position in eBay by 1.2% in the fourth quarter. Kathmere Capital Management LLC now owns 14,250 shares of the e-commerce company's stock valued at $883,000 after purchasing an additional 173 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company's stock.
eBay Stock Up 0.9 %
NASDAQ EBAY traded up $0.64 during trading hours on Friday, hitting $69.90. 3,501,531 shares of the company were exchanged, compared to its average volume of 3,757,130. The company has a 50 day moving average of $65.30 and a two-hundred day moving average of $62.88. The firm has a market cap of $33.48 billion, a price-to-earnings ratio of 17.56, a PEG ratio of 2.15 and a beta of 1.35. eBay Inc. has a 52-week low of $42.14 and a 52-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.
Insider Transactions at eBay
In related news, CEO Jamie Iannone sold 5,625 shares of eBay 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 transaction, the chief executive officer now owns 542,248 shares in the company, valued at approximately $33,825,430.24. This trade represents a 1.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Stephen J. Priest sold 5,252 shares of eBay stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $63.63, for a total value of $334,184.76. Following the sale, the chief financial officer now directly owns 65,080 shares in the company, valued at approximately $4,141,040.40. The trade was a 7.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 27,149 shares of company stock valued at $1,746,065. Corporate insiders own 0.38% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have commented on EBAY. Wedbush began coverage on shares of eBay in a research note on Monday, December 9th. They issued a "neutral" rating and a $70.00 price target for the company. Wells Fargo & Company increased their price target on shares of eBay from $59.00 to $61.00 and gave the company an "equal weight" rating in a research note on Monday, February 3rd. TD Cowen raised their target price on shares of eBay from $45.00 to $54.00 and gave the stock a "hold" rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft cut their target price on shares of eBay from $70.00 to $63.00 and set a "buy" rating for the company in a research note on Friday, November 1st. Finally, Jefferies Financial Group lowered shares of eBay from a "hold" rating to an "underperform" rating and lowered their price target for the stock from $60.00 to $52.00 in a research report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $63.13.
View Our Latest Analysis on eBay
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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