Strategic Financial Concepts LLC Takes $696,000 Position in eBay Inc. (NASDAQ:EBAY)

Strategic Financial Concepts LLC purchased a new position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 11,239 shares of the e-commerce company's stock, valued at approximately $696,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Measured Wealth Private Client Group LLC grew its stake in shares of eBay by 68.3% during the 4th quarter. Measured Wealth Private Client Group LLC now owns 5,834 shares of the e-commerce company's stock worth $361,000 after purchasing an additional 2,368 shares during the period. YANKCOM Partnership acquired a new position in shares of eBay during the 4th quarter worth $133,000. Bleakley Financial Group LLC grew its stake in shares of eBay by 2.1% during the 4th quarter. Bleakley Financial Group LLC now owns 49,137 shares of the e-commerce company's stock worth $3,044,000 after purchasing an additional 992 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of eBay by 26.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 93,358 shares of the e-commerce company's stock worth $5,827,000 after purchasing an additional 19,372 shares during the period. Finally, E. Ohman J or Asset Management AB boosted its position in shares of eBay by 6.1% in the 4th quarter. E. Ohman J or Asset Management AB now owns 23,140 shares of the e-commerce company's stock worth $1,434,000 after buying an additional 1,340 shares in the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

eBay Trading Up 0.9 %

Shares of NASDAQ EBAY traded up $0.64 on Friday, reaching $69.90. 3,501,531 shares of the company traded hands, compared to its average volume of 3,757,130. eBay Inc. has a fifty-two week low of $42.14 and a fifty-two week high of $71.52. The company has a 50 day moving average of $65.30 and a 200 day moving average of $62.83. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $33.48 billion, a PE ratio of 17.56, a P/E/G ratio of 2.15 and a beta of 1.35.

Insider Buying and Selling

In related news, CFO Stephen J. Priest sold 1,033 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $64.93, for a total transaction of $67,072.69. Following the completion of the sale, the chief financial officer now owns 65,080 shares of the company's stock, valued at approximately $4,225,644.40. This represents a 1.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total transaction of $378,281.25. Following the sale, the chief executive officer now directly owns 530,998 shares of the company's stock, valued at approximately $35,709,615.50. This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,149 shares of company stock valued at $1,746,065. 0.38% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

EBAY has been the topic of several recent research reports. Sanford C. Bernstein upgraded shares of eBay from a "market perform" rating to an "outperform" rating and set a $70.00 price objective on the stock in a research report on Tuesday, November 5th. Mizuho boosted their price objective on shares of eBay from $55.00 to $60.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of eBay from $70.00 to $63.00 and set a "buy" rating on the stock in a research report on Friday, November 1st. JMP Securities reiterated a "market perform" rating on shares of eBay in a research report on Monday, December 16th. Finally, Robert W. Baird decreased their price objective on shares of eBay from $70.00 to $68.00 and set an "outperform" rating on the stock in a research report 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 assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $63.13.

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.