Keystone Financial Services Increases Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Keystone Financial Services boosted its position in shares of eBay Inc. (NASDAQ:EBAY) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,488 shares of the e-commerce company’s stock after acquiring an additional 241 shares during the period. Keystone Financial Services’ holdings in eBay were worth $959,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Private Advisor Group LLC grew its position in shares of eBay by 90.7% during 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 in the last quarter. Wealth Enhancement Advisory Services LLC grew its position 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 buying an additional 1,063 shares in the last quarter. Trustmark National Bank Trust Department bought a new position in eBay in the 3rd quarter worth about $1,307,000. Prospera Financial Services Inc raised its holdings in shares of eBay by 794.2% in the 3rd quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock valued at $4,598,000 after acquiring an additional 62,719 shares in the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of eBay by 3.8% during the 4th quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock valued at $573,220,000 after acquiring an additional 335,035 shares during the last quarter. Institutional investors own 87.48% of the company’s stock.

Insider Activity at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total transaction of $355,556.25. Following the transaction, the chief executive officer now owns 531,167 shares in the company, valued at approximately $33,575,066.07. This represents a 1.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Cornelius Boone sold 3,989 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total value of $260,082.80. Following the completion of the transaction, the senior vice president now owns 71,469 shares of the company’s stock, valued at approximately $4,659,778.80. The trade was a 5.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,149 shares of company stock worth $1,746,065 over the last 90 days. 0.38% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on EBAY shares. Mizuho raised their target price on shares of eBay from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Wells Fargo & Company upped their target price on shares of eBay from $59.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Monday, February 3rd. Piper Sandler raised their price target on eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Citigroup upped their price objective on eBay from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Friday. Finally, Jefferies Financial Group cut eBay from a “hold” rating to an “underperform” rating and decreased their price objective for the company from $60.00 to $52.00 in a report on Tuesday, December 10th. Two investment 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, eBay currently has a consensus rating of “Hold” and an average price target of $63.13.

eBay Stock Up 0.9 %

Shares of eBay stock opened at $69.90 on Monday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 12-month low of $42.14 and a 12-month high of $71.52. The company has a market cap of $33.48 billion, a P/E ratio of 17.56, a PEG ratio of 2.15 and a beta of 1.35. The company’s fifty day simple moving average is $65.30 and its two-hundred day simple moving average is $62.88.

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.