Patriot Financial Group Insurance Agency LLC grew its stake in eBay Inc. (NASDAQ:EBAY – Free Report) by 4.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,485 shares of the e-commerce company’s stock after purchasing an additional 1,387 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in eBay were worth $2,074,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in EBAY. Quarry LP purchased a new position in eBay during the third quarter valued at approximately $36,000. USA Financial Formulas purchased a new stake in eBay in the 3rd quarter worth about $38,000. Northwest Investment Counselors LLC bought a new stake in shares of eBay during the 3rd quarter worth approximately $50,000. Versant Capital Management Inc increased its position 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 acquiring an additional 448 shares during the period. Finally, Financial Management Professionals Inc. increased its holdings in 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 period. Hedge funds and other 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 eBay stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total value of $350,887.50. Following the sale, the chief executive officer now directly owns 542,248 shares in the company, valued at approximately $33,825,430.24. The trade was a 1.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Stephen J. Priest sold 1,033 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $64.93, for a total value of $67,072.69. Following the completion of the sale, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,225,644.40. This trade represents a 1.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,149 shares of company stock valued at $1,704,778 over the last three months. Company insiders own 0.38% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on eBay
eBay Price Performance
Shares of EBAY stock opened at $66.10 on Tuesday. The firm’s 50 day moving average price is $63.92 and its two-hundred day moving average price is $61.51. 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 52-week low of $40.74 and a 52-week high of $71.52. The stock has a market cap of $31.66 billion, a PE ratio of 16.70, a PEG 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.
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