Manning & Napier Advisors LLC Sells 16,911 Shares of eBay Inc. (NASDAQ:EBAY)

Manning & Napier Advisors LLC reduced its holdings in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 8.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 189,186 shares of the e-commerce company's stock after selling 16,911 shares during the quarter. Manning & Napier Advisors LLC's holdings in eBay were worth $11,720,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in EBAY. Quarry LP acquired a new position in shares of eBay in the 3rd quarter valued at about $36,000. USA Financial Formulas acquired a new position in eBay in the third quarter valued at approximately $38,000. Northwest Investment Counselors LLC acquired a new position in eBay in the third quarter valued at approximately $50,000. Versant Capital Management Inc grew its holdings in shares of eBay by 115.5% during the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company's stock valued at $52,000 after purchasing an additional 448 shares during the last quarter. Finally, Financial Management Professionals Inc. raised its position in shares of eBay by 276.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company's stock worth $55,000 after purchasing an additional 621 shares during the period. Institutional investors and hedge funds own 87.48% of the company's stock.

Insider Buying and Selling at eBay

In other news, CFO Stephen J. Priest sold 5,252 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $63.63, for a total value of $334,184.76. Following the completion of the sale, the chief financial officer now directly owns 65,080 shares of the company's stock, valued at approximately $4,141,040.40. This represents a 7.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the business's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $62.38, for a total transaction of $350,887.50. Following the transaction, the chief executive officer now directly owns 542,248 shares in the company, valued at $33,825,430.24. This trade represents a 1.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,149 shares of company stock worth $1,704,778 over the last ninety days. Company insiders own 0.38% of the company's stock.

Analyst Ratings Changes

EBAY has been the subject of a number of recent research reports. JPMorgan Chase & Co. lowered their price objective on eBay from $60.00 to $58.00 and set a "neutral" rating for the company in a research note on Friday, November 1st. Robert W. Baird dropped their price objective on shares of eBay from $70.00 to $68.00 and set an "outperform" rating on the stock in a report on Thursday, October 31st. Mizuho boosted their target price on shares of eBay from $55.00 to $60.00 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. UBS Group dropped their price target on shares of eBay from $72.00 to $66.00 and set a "neutral" rating on the stock in a research note on Thursday, October 31st. Finally, Truist Financial boosted their price objective on eBay from $58.00 to $62.00 and gave the stock a "hold" rating in a research report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $62.83.

eBay Stock Up 2.6 %

Shares of EBAY stock traded up $1.69 on Thursday, hitting $67.69. The company's stock had a trading volume of 1,052,291 shares, compared to its average volume of 4,981,786. 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 stock has a market capitalization of $32.42 billion, a price-to-earnings ratio of 17.01, a P/E/G ratio of 2.02 and a beta of 1.35. The firm's fifty day moving average price is $64.26 and its 200-day moving average price is $61.72. eBay Inc. has a fifty-two week low of $40.74 and a fifty-two week high of $71.52.

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.