Ghe LLC Decreases Stock Position in eBay Inc. (NASDAQ:EBAY)

Ghe LLC reduced its stake in eBay Inc. (NASDAQ:EBAY) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,028 shares of the e-commerce company’s stock after selling 358 shares during the period. Ghe LLC’s holdings in eBay were worth $1,109,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Private Advisor Group LLC boosted its holdings in shares of eBay by 90.7% in the third quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company’s stock worth $2,963,000 after acquiring an additional 21,636 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of eBay by 2.0% in 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 acquiring an additional 1,063 shares during the period. Kestra Investment Management LLC boosted its holdings in shares of eBay by 172.5% in the fourth quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company’s stock worth $692,000 after acquiring an additional 7,074 shares during the period. Trustmark National Bank Trust Department bought a new position in shares of eBay in the third quarter worth $1,307,000. Finally, Prospera Financial Services Inc boosted its holdings in shares of eBay by 794.2% in 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. 87.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on EBAY. Wedbush began coverage on eBay in a report on Monday, December 9th. They issued a “neutral” rating and a $70.00 price target for the company. JPMorgan Chase & Co. dropped their price objective on eBay from $60.00 to $58.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft dropped their price objective on eBay from $70.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Stifel Nicolaus lifted their price objective on eBay from $56.00 to $64.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Finally, Sanford C. Bernstein raised eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price objective for the company in a research note on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $63.13.

Insider Activity at eBay

In other eBay news, CFO Stephen J. Priest sold 1,033 shares of eBay stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $64.93, for a total transaction of $67,072.69. Following the sale, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at approximately $4,225,644.40. The trade was a 1.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jamie Iannone sold 5,625 shares of the business’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 value of $355,556.25. Following the completion of the sale, the chief executive officer now directly owns 531,167 shares in the company, valued at approximately $33,575,066.07. This 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 worth $1,746,065 in the last 90 days. Company insiders own 0.38% of the company’s stock.

eBay Stock Down 0.1 %

EBAY opened at $69.39 on Monday. The company has a market cap of $33.24 billion, a P/E ratio of 17.43, a P/E/G ratio of 2.22 and a beta of 1.35. The business’s 50-day moving average price is $65.87 and its 200-day moving average price is $63.43. 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 $43.12 and a 12 month high of $71.52.

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.