Rhumbline Advisers Has $69.53 Million Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Rhumbline Advisers reduced its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 0.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,122,313 shares of the e-commerce company's stock after selling 5,502 shares during the quarter. Rhumbline Advisers owned about 0.23% of eBay worth $69,527,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Golden State Wealth Management LLC acquired a new position in eBay in the 4th quarter valued at about $27,000. Quarry LP purchased a new position in shares of eBay in the 3rd quarter valued at approximately $36,000. New Wave Wealth Advisors LLC acquired a new position in shares of eBay in the fourth quarter valued at approximately $36,000. Northwest Investment Counselors LLC purchased a new stake in shares of eBay during the third quarter worth approximately $50,000. Finally, Versant Capital Management Inc lifted 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 worth $52,000 after purchasing an additional 448 shares during the period. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at eBay

In related news, CFO Stephen J. Priest sold 5,252 shares of the business's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $63.63, for a total transaction of $334,184.76. Following the completion of the transaction, the chief financial officer now owns 65,080 shares of the company's stock, valued at approximately $4,141,040.40. The trade was a 7.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $67.25, for a total value of $378,281.25. Following the completion of the sale, the chief executive officer now directly owns 530,998 shares in the company, valued at $35,709,615.50. This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,149 shares of company stock worth $1,746,065 over the last ninety days. Company insiders own 0.38% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. JMP Securities reissued a "market perform" rating on shares of eBay in a research note on Monday, December 16th. Sanford C. Bernstein raised shares of eBay from a "market perform" rating to an "outperform" rating and set a $70.00 price target for the company in a report on Tuesday, November 5th. UBS Group reduced their price objective on shares of eBay from $72.00 to $66.00 and set a "neutral" rating for the company in a research report on Thursday, October 31st. StockNews.com cut eBay from a "buy" rating to a "hold" rating in a research report on Monday, November 11th. Finally, Barclays reduced their price target on eBay from $65.00 to $64.00 and set an "overweight" rating for the company in a report on Thursday, October 31st. Two research 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $63.13.

eBay Stock Performance

Shares of eBay stock traded up $0.14 on Thursday, reaching $69.46. The stock had a trading volume of 2,910,637 shares, compared to its average volume of 4,345,262. eBay Inc. has a fifty-two week low of $43.09 and a fifty-two week high of $71.52. The business's 50-day moving average price is $65.65 and its two-hundred day moving average price is $63.17. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market cap of $33.27 billion, a P/E ratio of 17.45, a price-to-earnings-growth ratio of 2.23 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.