Catalyst Capital Advisors LLC Buys 582 Shares of eBay Inc. (NASDAQ:EBAY)

Catalyst Capital Advisors LLC increased its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 1.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 30,441 shares of the e-commerce company’s stock after acquiring an additional 582 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in eBay were worth $1,886,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in EBAY. Private Advisor Group LLC raised its stake in shares of eBay by 90.7% in the 3rd quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company’s stock valued at $2,963,000 after purchasing an additional 21,636 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in eBay by 2.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company’s stock worth $3,489,000 after purchasing an additional 1,063 shares during the period. Trustmark National Bank Trust Department bought a new stake in shares of eBay during the third quarter worth approximately $1,307,000. Prospera Financial Services Inc boosted its holdings in shares of eBay by 794.2% during the third quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock worth $4,598,000 after acquiring an additional 62,719 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in shares of eBay by 3.8% during the fourth quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock worth $573,220,000 after acquiring an additional 335,035 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

Analysts Set New Price Targets

EBAY has been the subject of a number of analyst reports. Citigroup lifted their price target on shares of eBay from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Friday. Wells Fargo & Company upped their price target on shares of eBay from $59.00 to $61.00 and gave the stock an “equal weight” rating in a report on Monday, February 3rd. UBS Group lowered their price target on shares of eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Mizuho boosted their price objective on shares of eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Finally, JMP Securities reissued a “market perform” rating on shares of eBay in a research note on Monday, December 16th. 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. Based on data from MarketBeat.com, eBay presently has a consensus rating of “Hold” and a consensus target price of $63.13.

eBay Price Performance

eBay stock opened at $69.90 on Monday. eBay Inc. has a 52 week low of $42.14 and a 52 week high of $71.52. The company’s 50 day moving average price is $65.30 and its two-hundred day moving average price is $62.88. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The stock has a market cap of $33.48 billion, a P/E ratio of 17.56, a P/E/G ratio of 2.15 and a beta of 1.35.

Insiders Place Their Bets

In other news, CFO Stephen J. Priest sold 5,252 shares of the business’s stock in a transaction 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 transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,141,040.40. The trade was a 7.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction 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 owns 530,998 shares of the company’s stock, valued at $35,709,615.50. This trade represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,149 shares of company stock valued at $1,746,065 in the last 90 days. 0.38% of the stock is currently owned by corporate insiders.

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.