JB Capital LLC Has $11.87 Million Stock Position in eBay Inc. (NASDAQ:EBAY)

JB Capital LLC grew its position in eBay Inc. (NASDAQ:EBAY) by 3.9% during the fourth quarter, HoldingsChannel reports. The firm owned 191,608 shares of the e-commerce company’s stock after buying an additional 7,160 shares during the period. eBay comprises approximately 0.7% of JB Capital LLC’s portfolio, making the stock its 26th largest holding. JB Capital LLC’s holdings in eBay were worth $11,870,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP bought a new position in eBay during the third quarter worth $105,506,000. International Assets Investment Management LLC lifted its stake in shares of eBay by 9,092.5% in the third quarter. International Assets Investment Management LLC now owns 585,013 shares of the e-commerce company’s stock valued at $38,090,000 after buying an additional 578,649 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of eBay by 599.3% in the third quarter. Janney Montgomery Scott LLC now owns 538,744 shares of the e-commerce company’s stock valued at $35,078,000 after buying an additional 461,708 shares in the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of eBay in the third quarter valued at about $25,132,000. Finally, Nordea Investment Management AB raised its holdings in shares of eBay by 3.8% in the fourth quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock valued at $573,220,000 after purchasing an additional 335,035 shares during the last quarter. 87.48% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, SVP Cornelius Boone sold 3,989 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total value of $260,082.80. Following the transaction, the senior vice president now directly owns 71,469 shares in the company, valued at $4,659,778.80. This trade represents a 5.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Stephen J. Priest sold 5,252 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $63.63, for a total value 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 approximately $4,141,040.40. This represents a 7.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,524 shares of company stock worth $1,367,784 in the last 90 days. Insiders own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on EBAY. Mizuho increased their target price on shares of eBay from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Citigroup increased their target price on shares of eBay from $68.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Deutsche Bank Aktiengesellschaft cut their price objective on shares of eBay from $70.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, November 1st. JPMorgan Chase & Co. dropped their target price on shares of eBay from $60.00 to $58.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Finally, Wells Fargo & Company dropped their target price on shares of eBay from $62.00 to $59.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $62.83.

eBay Stock Performance

eBay stock opened at $67.48 on Monday. 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 company has a market capitalization of $32.32 billion, a P/E ratio of 16.95, a PEG ratio of 2.15 and a beta of 1.35. The stock’s 50 day moving average is $64.46 and its 200 day moving average is $61.91. eBay Inc. has a twelve month low of $40.74 and a twelve month high of $71.52.

About eBay

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.