eBay Inc. (NASDAQ:EBAY) Shares Sold by Conning Inc.

Conning Inc. lessened its position in shares of eBay Inc. (NASDAQ:EBAY) by 8.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,711 shares of the e-commerce company’s stock after selling 338 shares during the quarter. Conning Inc.’s holdings in eBay were worth $230,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Wealth Group Ltd. purchased a new position in shares of eBay during the third quarter worth $543,000. UMB Bank n.a. grew its position in eBay by 8.7% during the 3rd quarter. UMB Bank n.a. now owns 6,492 shares of the e-commerce company’s stock worth $423,000 after purchasing an additional 520 shares during the period. First Affirmative Financial Network raised its stake in shares of eBay by 5.7% during the 3rd quarter. First Affirmative Financial Network now owns 4,894 shares of the e-commerce company’s stock valued at $319,000 after buying an additional 264 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of eBay by 3,496.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 4,244 shares of the e-commerce company’s stock valued at $276,000 after buying an additional 4,126 shares during the period. Finally, Crestmont Private Wealth LLC purchased a new stake in shares of eBay in the third quarter worth about $233,000. 87.48% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other eBay news, CFO Stephen J. Priest sold 5,252 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $63.63, for a total value of $334,184.76. Following the sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at $4,141,040.40. This trade represents 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 dated Monday, February 3rd. The stock was sold at an average price of $67.25, for a total value 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 represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,149 shares of company stock worth $1,746,065 over the last 90 days. Corporate insiders own 0.38% of the company’s stock.

eBay Trading Up 0.5 %

NASDAQ EBAY opened at $67.83 on Monday. eBay Inc. has a one year low of $40.74 and a one year high of $71.52. The firm has a 50 day simple moving average of $64.76 and a 200-day simple moving average of $62.38. The firm has a market cap of $32.49 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 2.15 and a beta of 1.35. 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 Analysts Forecast Growth

EBAY has been the subject of several recent research reports. Jefferies Financial Group cut eBay from a “hold” rating to an “underperform” rating and reduced their price target for the company from $60.00 to $52.00 in a research report on Tuesday, December 10th. Robert W. Baird cut their price objective on shares of eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. TD Cowen upped their target price on eBay from $45.00 to $54.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Needham & Company LLC restated a “buy” rating and set a $72.00 price target on shares of eBay in a research report on Thursday, October 31st. Finally, StockNews.com lowered eBay from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, eBay has a consensus rating of “Hold” and a consensus target price of $62.92.

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.