Tempus Wealth Planning LLC Decreases Holdings in eBay Inc. (NASDAQ:EBAY)

Tempus Wealth Planning LLC lowered its holdings in eBay Inc. (NASDAQ:EBAY) by 4.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 6,833 shares of the e-commerce company’s stock after selling 347 shares during the quarter. Tempus Wealth Planning LLC’s holdings in eBay were worth $423,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Quarry LP purchased a new position in eBay in the third quarter valued at approximately $36,000. USA Financial Formulas acquired a new position in shares of eBay in the 3rd quarter valued at $38,000. New Wave Wealth Advisors LLC purchased a new position in shares of eBay in the 4th quarter valued at $36,000. Northwest Investment Counselors LLC acquired a new stake in eBay during the 3rd quarter worth $50,000. Finally, Versant Capital Management Inc lifted its position in eBay by 115.5% in the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after acquiring an additional 448 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insider Buying and Selling at eBay

In other news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $62.38, for a total transaction of $350,887.50. Following the completion of the transaction, the chief executive officer now owns 542,248 shares of the company’s stock, valued at $33,825,430.24. The trade was a 1.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Stephen J. Priest sold 1,033 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $64.93, for a total transaction of $67,072.69. Following the completion of the sale, the chief financial officer now directly owns 65,080 shares in the company, valued at approximately $4,225,644.40. The trade was a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,524 shares of company stock valued at $1,367,784. Corporate insiders own 0.38% of the company’s stock.

eBay Stock Performance

Shares of EBAY opened at $66.95 on Wednesday. The company has a market capitalization of $32.07 billion, a PE ratio of 16.82, a P/E/G ratio of 2.15 and a beta of 1.35. eBay Inc. has a 52-week low of $40.74 and a 52-week high of $71.52. The company has a 50-day simple moving average of $64.51 and a 200-day simple moving average of $62.05. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on EBAY. JMP Securities reiterated a “market perform” rating on shares of eBay in a research report on Monday, December 16th. Deutsche Bank Aktiengesellschaft cut their price target on eBay from $70.00 to $63.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. The Goldman Sachs Group increased their price objective on eBay from $46.00 to $55.00 and gave the company a “sell” rating in a report on Tuesday, October 15th. Wedbush began coverage on shares of eBay in a report on Monday, December 9th. They issued a “neutral” rating and a $70.00 target price on the stock. Finally, Citigroup increased their price target on shares of eBay from $68.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Two 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. According to data from MarketBeat.com, eBay presently has a consensus rating of “Hold” and an average 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.