eBay Inc. (NASDAQ:EBAY) Shares Sold by Greenleaf Trust

Greenleaf Trust trimmed its position in eBay Inc. (NASDAQ:EBAY) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,172 shares of the e-commerce company’s stock after selling 285 shares during the quarter. Greenleaf Trust’s holdings in eBay were worth $1,374,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Quarry LP purchased a new stake in eBay during the 3rd quarter worth approximately $36,000. USA Financial Formulas acquired a new position in eBay during the 3rd quarter valued at approximately $38,000. New Wave Wealth Advisors LLC bought a new stake in eBay during the 4th quarter valued at $36,000. Northwest Investment Counselors LLC bought a new stake in eBay during the 3rd quarter valued at $50,000. Finally, Versant Capital Management Inc raised its stake in shares of eBay by 115.5% in the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after buying an additional 448 shares in the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at eBay

In other eBay news, SVP Cornelius Boone sold 3,989 shares of the firm’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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Stephen J. Priest sold 5,252 shares of eBay stock in a transaction that occurred 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 of the company’s stock, 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. Insiders have sold 21,524 shares of company stock valued at $1,367,784 in the last 90 days. 0.38% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on EBAY shares. Bank of America cut their target price on eBay from $67.00 to $64.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. UBS Group decreased their price target on eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. StockNews.com cut eBay from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Jefferies Financial Group cut eBay from a “hold” rating to an “underperform” rating and cut their price target for the company from $60.00 to $52.00 in a report on Tuesday, December 10th. Finally, Citigroup increased their price target on eBay from $68.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, eBay currently has a consensus rating of “Hold” and a consensus target price of $62.92.

eBay Stock Performance

EBAY opened at $67.18 on Tuesday. The business’s 50-day moving average price is $64.46 and its two-hundred day moving average price is $61.96. eBay Inc. has a 1 year low of $40.74 and a 1 year high of $71.52. The company has a market capitalization of $32.18 billion, a price-to-earnings ratio of 16.88, a P/E/G ratio of 2.15 and a beta of 1.35. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25.

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.