Moody Aldrich Partners LLC Trims Stock Position in eBay Inc. (NASDAQ:EBAY)

Moody Aldrich Partners LLC lessened its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 36.0% in the 4th quarter, HoldingsChannel reports. The firm owned 27,740 shares of the e-commerce company’s stock after selling 15,571 shares during the quarter. Moody Aldrich Partners LLC’s holdings in eBay were worth $1,718,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Private Advisor Group LLC raised its holdings in shares of eBay by 90.7% during the third quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company’s stock worth $2,963,000 after purchasing an additional 21,636 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of eBay by 2.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company’s stock worth $3,489,000 after purchasing an additional 1,063 shares during the last quarter. Prospera Financial Services Inc raised its holdings in shares of eBay by 794.2% during the third quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock worth $4,598,000 after purchasing an additional 62,719 shares during the last quarter. Trustmark National Bank Trust Department acquired a new stake in eBay during the third quarter valued at $1,307,000. Finally, Principal Financial Group Inc. grew its position in eBay by 1.7% during the third quarter. Principal Financial Group Inc. now owns 594,161 shares of the e-commerce company’s stock valued at $38,686,000 after buying an additional 9,990 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on EBAY. JMP Securities restated a “market perform” rating on shares of eBay in a research report on Monday, December 16th. Deutsche Bank Aktiengesellschaft dropped their price target 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. Barclays dropped their price target on shares of eBay from $65.00 to $64.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Morgan Stanley raised their price target on shares of eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Finally, Wedbush began coverage on shares of eBay in a research report on Monday, December 9th. They issued a “neutral” rating and a $70.00 target price on the stock. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, eBay presently has a consensus rating of “Hold” and an average price target of $62.83.

Insiders Place Their Bets

In other news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $59.91, for a total value of $336,993.75. Following the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Cornelius Boone sold 3,989 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total transaction of $260,082.80. Following the completion of the sale, the senior vice president now directly owns 71,469 shares in the company, valued at $4,659,778.80. This trade represents a 5.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,149 shares of company stock valued at $1,704,778 over the last ninety days. Company insiders own 0.38% of the company’s stock.

eBay Price Performance

Shares of EBAY stock opened at $67.19 on Wednesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The firm’s 50-day moving average is $64.03 and its two-hundred day moving average is $61.60. eBay Inc. has a 12 month low of $40.74 and a 12 month high of $71.52. The company has a market capitalization of $32.18 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 2.02 and a beta of 1.35.

eBay 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.