Ingalls & Snyder LLC Trims Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Ingalls & Snyder LLC decreased its holdings in eBay Inc. (NASDAQ:EBAY) by 35.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 128,081 shares of the e-commerce company’s stock after selling 70,898 shares during the period. Ingalls & Snyder LLC’s holdings in eBay were worth $7,935,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Ratings Changes

Several brokerages have issued reports on EBAY. JPMorgan Chase & Co. dropped their target price on shares of eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Sanford C. Bernstein raised shares of eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price objective on the stock in a report on Tuesday, November 5th. Barclays cut their price objective on shares of eBay from $65.00 to $64.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Benchmark reissued a “buy” rating and set a $65.00 price objective on shares of eBay in a report on Tuesday, October 29th. Finally, UBS Group cut their price target on eBay from $72.00 to $66.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $62.92.

Insider Activity at eBay

In other eBay news, CFO Stephen J. Priest sold 1,033 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at $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 is available at the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total value of $355,556.25. Following the transaction, the chief executive officer now owns 531,167 shares in the company, valued at $33,575,066.07. This trade represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,149 shares of company stock worth $1,746,065. Company insiders own 0.38% of the company’s stock.

eBay Stock Down 0.8 %

EBAY stock opened at $67.94 on Thursday. eBay Inc. has a one year low of $40.74 and a one year high of $71.52. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market cap of $32.54 billion, a PE ratio of 17.07, a PEG ratio of 2.15 and a beta of 1.35. The firm’s 50 day moving average price is $64.97 and its 200-day moving average price is $62.64.

About eBay

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.