SteelPeak Wealth LLC Sells 10,134 Shares of eBay Inc. (NASDAQ:EBAY)

SteelPeak Wealth LLC lowered its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 21.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,811 shares of the e-commerce company's stock after selling 10,134 shares during the quarter. SteelPeak Wealth LLC's holdings in eBay were worth $2,280,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Public Sector Pension Investment Board raised its holdings in eBay by 53.9% in the 2nd quarter. Public Sector Pension Investment Board now owns 17,855 shares of the e-commerce company's stock valued at $959,000 after acquiring an additional 6,256 shares in the last quarter. Creative Planning raised its stake in eBay by 7.2% in the second quarter. Creative Planning now owns 62,415 shares of the e-commerce company's stock valued at $3,353,000 after purchasing an additional 4,187 shares in the last quarter. NewEdge Advisors LLC raised its stake in eBay by 145.9% in the second quarter. NewEdge Advisors LLC now owns 54,112 shares of the e-commerce company's stock valued at $2,907,000 after purchasing an additional 32,110 shares in the last quarter. Sunbelt Securities Inc. lifted its position in eBay by 40,340.0% during the second quarter. Sunbelt Securities Inc. now owns 2,022 shares of the e-commerce company's stock worth $109,000 after purchasing an additional 2,017 shares during the period. Finally, Truist Financial Corp grew its stake in eBay by 45.4% during the second quarter. Truist Financial Corp now owns 1,089,998 shares of the e-commerce company's stock worth $58,555,000 after buying an additional 340,120 shares in the last quarter. Institutional investors own 87.48% of the company's stock.

Insider Buying and Selling

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the business's stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $59.91, for a total value of $336,993.75. Following the transaction, the chief executive officer now directly owns 548,042 shares of the company's stock, valued at approximately $32,833,196.22. The trade was a 1.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Cornelius Boone sold 3,989 shares of the firm's stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total transaction of $260,082.80. Following the sale, the senior vice president now directly owns 71,469 shares of the company's stock, valued at approximately $4,659,778.80. This trade represents a 5.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,149 shares of company stock valued at $1,704,778 over the last quarter. Insiders own 0.38% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Wedbush assumed coverage on shares of eBay in a research report on Monday, December 9th. They issued a "neutral" rating and a $70.00 target price for the company. Truist Financial upped their target price on eBay from $58.00 to $62.00 and gave the stock a "hold" rating in a research note on Tuesday, November 5th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $62.00 price target on shares of eBay in a research note on Monday, October 7th. Sanford C. Bernstein upgraded eBay from a "market perform" rating to an "outperform" rating and set a $70.00 price objective for the company in a research report on Tuesday, November 5th. Finally, Robert W. Baird reduced their price objective on eBay from $70.00 to $68.00 and set an "outperform" rating on the stock in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $62.83.

eBay Trading Up 2.3 %

Shares of NASDAQ EBAY traded up $1.52 during midday trading on Thursday, reaching $67.52. The stock had a trading volume of 2,973,242 shares, compared to its average volume of 5,085,480. The company's 50 day moving average price is $64.26 and its 200 day moving average price is $61.72. 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 twelve month low of $40.74 and a twelve month high of $71.52. The firm has a market cap of $32.34 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 2.02 and a beta of 1.35.

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.