Sumitomo Mitsui Trust Group Inc. Sells 49,606 Shares of eBay Inc. (NASDAQ:EBAY)

Sumitomo Mitsui Trust Group Inc. cut its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 4.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,148,713 shares of the e-commerce company's stock after selling 49,606 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.24% of eBay worth $71,163,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Quarry LP purchased a new position in eBay in the 3rd quarter worth approximately $36,000. New Wave Wealth Advisors LLC purchased a new position in shares of eBay in the fourth quarter worth $36,000. Northwest Investment Counselors LLC purchased a new position in shares of eBay in the third quarter worth $50,000. 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 valued at $52,000 after purchasing an additional 448 shares in the last quarter. Finally, Financial Management Professionals Inc. boosted its position in shares of eBay by 276.0% during the third quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company's stock valued at $55,000 after buying an additional 621 shares during the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Price Performance

NASDAQ:EBAY traded up $1.32 on Thursday, reaching $69.26. 3,782,010 shares of the company's stock traded hands, compared to its average volume of 4,474,321. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The stock has a 50-day simple moving average of $65.06 and a 200-day simple moving average of $62.68. The firm has a market cap of $33.18 billion, a PE ratio of 17.40, a P/E/G ratio of 2.15 and a beta of 1.35. eBay Inc. has a 12 month low of $40.83 and a 12 month high of $71.52.

Analyst Ratings Changes

A number of brokerages have weighed in on EBAY. Robert W. Baird decreased their target price on eBay from $70.00 to $68.00 and set an "outperform" rating for the company in a research report on Thursday, October 31st. TD Cowen raised their price target on shares of eBay from $45.00 to $54.00 and gave the company a "hold" rating in a report on Friday, October 25th. Truist Financial raised their target price on shares of eBay from $58.00 to $62.00 and gave the stock a "hold" rating in a report on Tuesday, November 5th. Citigroup raised their target price on shares of eBay from $68.00 to $75.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Finally, StockNews.com cut shares of eBay from a "buy" rating to a "hold" rating in a report on Monday, November 11th. 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. Based on data from MarketBeat, eBay presently has a consensus rating of "Hold" and an average target price of $62.92.

Insider Activity at eBay

In other news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total transaction of $355,556.25. Following the sale, the chief executive officer now owns 531,167 shares in the company, valued at $33,575,066.07. This trade represents a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Stephen J. Priest sold 5,252 shares of eBay stock in a transaction on Monday, December 16th. The shares were sold at an average price of $63.63, for a total transaction of $334,184.76. Following the completion of the sale, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,141,040.40. This represents a 7.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,149 shares of company stock valued at $1,746,065. 0.38% of the stock is owned by company insiders.

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.