Joel Isaacson & Co. LLC Buys 510 Shares of eBay Inc. (NASDAQ:EBAY)

Joel Isaacson & Co. LLC lifted its stake in shares of eBay Inc. (NASDAQ:EBAY) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,362 shares of the e-commerce company’s stock after acquiring an additional 510 shares during the period. Joel Isaacson & Co. LLC’s holdings in eBay were worth $2,624,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Wellington Management Group LLP bought a new position in eBay during the 3rd quarter worth about $105,506,000. International Assets Investment Management LLC boosted its position in shares of eBay by 9,092.5% during the third quarter. International Assets Investment Management LLC now owns 585,013 shares of the e-commerce company’s stock worth $38,090,000 after buying an additional 578,649 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of eBay by 599.3% during the third quarter. Janney Montgomery Scott LLC now owns 538,744 shares of the e-commerce company’s stock worth $35,078,000 after buying an additional 461,708 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in eBay in the 3rd quarter valued at approximately $25,132,000. Finally, Nordea Investment Management AB raised its position in eBay by 3.8% in the 4th quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock valued at $573,220,000 after buying an additional 335,035 shares during the last quarter. Institutional investors own 87.48% of the company’s stock.

eBay Stock Performance

EBAY opened at $67.83 on Friday. 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 business has a fifty day simple moving average of $64.67 and a 200 day simple moving average of $62.22. 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 $32.49 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 2.15 and a beta of 1.35.

Insider Transactions at eBay

In other news, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $67.25, for a total transaction of $378,281.25. Following the transaction, the chief executive officer now directly owns 530,998 shares of the company’s stock, valued at approximately $35,709,615.50. This trade represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Stephen J. Priest sold 5,252 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $63.63, for a total value 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. This trade represents a 7.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,149 shares of company stock valued at $1,746,065. 0.38% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. decreased their price target on shares of eBay from $60.00 to $58.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. UBS Group decreased their target price on shares of eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft cut 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. Needham & Company LLC restated a “buy” rating and set a $72.00 price objective on shares of eBay in a research note on Thursday, October 31st. Finally, Wedbush assumed coverage on eBay in a research report on Monday, December 9th. They issued a “neutral” rating and a $70.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $62.92.

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.