Meritage Portfolio Management Decreases Stake in eBay Inc. (NASDAQ:EBAY)

Meritage Portfolio Management lessened its position in shares of eBay Inc. (NASDAQ:EBAY) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 111,869 shares of the e-commerce company’s stock after selling 2,304 shares during the quarter. Meritage Portfolio Management’s holdings in eBay were worth $6,930,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of EBAY. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in eBay by 0.3% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company’s stock valued at $3,418,000 after buying an additional 153 shares in the last quarter. Cypress Wealth Services LLC boosted its position in eBay by 4.7% during the fourth quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company’s stock worth $216,000 after acquiring an additional 157 shares during the last quarter. Capital Investment Advisors LLC grew its position in shares of eBay by 4.1% in the fourth quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company’s stock valued at $262,000 after purchasing an additional 167 shares in the last quarter. Optas LLC grew its holdings in eBay by 0.5% in the 3rd quarter. Optas LLC now owns 34,082 shares of the e-commerce company’s stock valued at $2,219,000 after buying an additional 171 shares in the last quarter. Finally, Kathmere Capital Management LLC increased its position in eBay by 1.2% during the fourth quarter. Kathmere Capital Management LLC now owns 14,250 shares of the e-commerce company’s stock worth $883,000 after purchasing an additional 173 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insider Transactions at eBay

In other news, CFO Stephen J. Priest sold 1,033 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $64.93, for a total transaction of $67,072.69. Following the completion of the transaction, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at approximately $4,225,644.40. This represents a 1.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Cornelius Boone sold 3,989 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total value of $260,082.80. Following the transaction, the senior vice president now owns 71,469 shares of the company’s stock, valued at approximately $4,659,778.80. The trade was a 5.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,524 shares of company stock valued at $1,367,784. Corporate insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on EBAY. Wells Fargo & Company raised their target price on eBay from $59.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Monday. Jefferies Financial Group cut shares of eBay from a “hold” rating to an “underperform” rating and decreased their price target for the company from $60.00 to $52.00 in a research report on Tuesday, December 10th. Sanford C. Bernstein raised eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price objective for the company in a research report on Tuesday, November 5th. Needham & Company LLC restated a “buy” rating and issued a $72.00 price target on shares of eBay in a research note on Thursday, October 31st. Finally, TD Cowen raised their price objective on shares of eBay from $45.00 to $54.00 and gave the stock a “hold” rating in a report on Friday, October 25th. 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 data from MarketBeat.com, eBay presently has a consensus rating of “Hold” and an average target price of $62.92.

eBay Trading Down 0.3 %

NASDAQ:EBAY opened at $66.95 on Wednesday. eBay Inc. has a 12 month low of $40.74 and a 12 month high of $71.52. The business’s 50-day moving average is $64.54 and its two-hundred day moving average is $62.14. 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 has a market capitalization of $32.07 billion, a PE ratio of 16.82, a price-to-earnings-growth ratio of 2.15 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.