Lodestone Wealth Management LLC Lowers Position in eBay Inc. (NASDAQ:EBAY)

Lodestone Wealth Management LLC trimmed its stake in eBay Inc. (NASDAQ:EBAY) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,722 shares of the e-commerce company’s stock after selling 503 shares during the quarter. Lodestone Wealth Management LLC’s holdings in eBay were worth $1,655,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Hickory Asset Management Inc. purchased a new stake in eBay in the fourth quarter valued at approximately $287,000. Valeo Financial Advisors LLC grew its stake in eBay by 8.5% during the fourth quarter. Valeo Financial Advisors LLC now owns 6,267 shares of the e-commerce company’s stock worth $388,000 after buying an additional 493 shares during the period. White Pine Capital LLC grew its stake in eBay by 4.5% during the fourth quarter. White Pine Capital LLC now owns 9,232 shares of the e-commerce company’s stock worth $572,000 after buying an additional 401 shares during the period. V Square Quantitative Management LLC grew its stake in eBay by 7.1% during the fourth quarter. V Square Quantitative Management LLC now owns 19,431 shares of the e-commerce company’s stock worth $1,204,000 after buying an additional 1,285 shares during the period. Finally, Asset Management One Co. Ltd. grew its stake in eBay by 1.7% during the fourth quarter. Asset Management One Co. Ltd. now owns 206,425 shares of the e-commerce company’s stock worth $12,966,000 after buying an additional 3,514 shares during the period. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

eBay Stock Up 0.9 %

Shares of NASDAQ:EBAY opened at $69.90 on Friday. The stock has a market capitalization of $33.48 billion, a price-to-earnings ratio of 17.56, a price-to-earnings-growth ratio of 2.15 and a beta of 1.35. eBay Inc. has a 1-year low of $42.14 and a 1-year high of $71.52. The company’s fifty day moving average is $65.18 and its two-hundred day moving average is $62.73. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25.

Wall Street Analyst Weigh In

Several research firms have issued reports on EBAY. Jefferies Financial Group downgraded shares of eBay from a “hold” rating to an “underperform” rating and decreased their price objective for the stock from $60.00 to $52.00 in a research note on Tuesday, December 10th. Citigroup boosted their price objective on shares of eBay from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday. JPMorgan Chase & Co. reduced their target price on shares of eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Stifel Nicolaus boosted their target price on shares of eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Finally, TD Cowen boosted their target price on shares of eBay from $45.00 to $54.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $63.13.

Insider Transactions at eBay

In other eBay news, CFO Stephen J. Priest sold 5,252 shares of the company’s stock in a transaction dated 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 directly owns 65,080 shares of the company’s stock, valued at approximately $4,141,040.40. This represents a 7.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $67.25, for a total transaction of $378,281.25. Following the sale, the chief executive officer now directly owns 530,998 shares of the company’s stock, valued at $35,709,615.50. This represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,149 shares of company stock worth $1,746,065. Insiders own 0.38% of the company’s stock.

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.