Strategic Financial Concepts LLC acquired a new stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,239 shares of the e-commerce company's stock, valued at approximately $696,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in eBay during the 4th quarter worth $27,000. Quarry LP acquired a new position in eBay during the 3rd quarter worth $36,000. New Wave Wealth Advisors LLC acquired a new position in eBay during the 4th quarter worth $36,000. Versant Capital Management Inc boosted its position in eBay by 115.5% during the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company's stock worth $52,000 after acquiring an additional 448 shares during the period. Finally, Financial Management Professionals Inc. boosted its position in 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 acquiring an additional 621 shares during the period. Institutional investors and hedge funds own 87.48% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently commented on EBAY shares. Sanford C. Bernstein raised eBay from a "market perform" rating to an "outperform" rating and set a $70.00 price objective on the stock in a research note on Tuesday, November 5th. Citigroup upped their price target on eBay from $75.00 to $80.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Jefferies Financial Group downgraded eBay from a "hold" rating to an "underperform" rating and lowered their target price for the company from $60.00 to $52.00 in a research note on Tuesday, December 10th. Truist Financial boosted their target price on eBay from $58.00 to $62.00 and gave the company a "hold" rating in a research note on Tuesday, November 5th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $72.00 price target on shares of eBay in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, eBay currently has a consensus rating of "Hold" and an average price target of $63.13.
Get Our Latest Stock Report on EBAY
eBay Stock Performance
Shares of eBay stock traded up $0.01 during trading on Friday, hitting $69.47. 1,785,967 shares of the company's stock were exchanged, compared to its average volume of 4,266,200. 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 business has a 50-day simple moving average of $65.76 and a 200-day simple moving average of $63.22. eBay Inc. has a 52-week low of $43.12 and a 52-week high of $71.52. The stock has a market capitalization of $33.28 billion, a price-to-earnings ratio of 17.44, a PEG ratio of 2.21 and a beta of 1.35.
Insider Activity at eBay
In related news, CEO Jamie Iannone sold 5,625 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total transaction of $350,887.50. Following the sale, the chief executive officer now directly owns 542,248 shares of the company's stock, valued at $33,825,430.24. This represents a 1.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stephen J. Priest sold 5,252 shares of the company's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $63.63, for a total transaction 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. Over the last quarter, insiders have sold 27,149 shares of company stock worth $1,746,065. 0.38% of the stock is owned by company insiders.
eBay Company Profile
(
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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