Joel Isaacson & Co. LLC Purchases 510 Shares of eBay Inc. (NASDAQ:EBAY)

Joel Isaacson & Co. LLC boosted its position in eBay Inc. (NASDAQ:EBAY) by 1.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 42,362 shares of the e-commerce company’s stock after buying an additional 510 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in eBay were worth $2,624,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in EBAY. Golden State Wealth Management LLC acquired a new stake in shares of eBay in the 4th quarter valued at $27,000. Quarry LP acquired a new stake in eBay in the third quarter valued at about $36,000. USA Financial Formulas bought a new position in eBay in the third quarter valued at about $38,000. New Wave Wealth Advisors LLC bought a new position in eBay in the fourth quarter valued at about $36,000. Finally, Northwest Investment Counselors LLC acquired a new position in eBay during the third quarter worth about $50,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Stock Performance

Shares of eBay stock opened at $67.83 on Friday. The business has a 50-day moving average price of $64.67 and a two-hundred day moving average price of $62.22. eBay Inc. has a 1-year low of $40.74 and a 1-year high of $71.52. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The company has a market cap of $32.49 billion, a P/E ratio of 17.04, a PEG ratio of 2.15 and a beta of 1.35.

Insider Activity

In other eBay news, CFO Stephen J. Priest sold 5,252 shares of eBay stock in a transaction on Monday, December 16th. The shares were sold at an average price of $63.63, for a total value of $334,184.76. Following the completion of the sale, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at approximately $4,141,040.40. The trade was a 7.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction dated 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 directly owns 531,167 shares in the company, valued at $33,575,066.07. This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,149 shares of company stock valued at $1,746,065 in the last ninety days. 0.38% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Benchmark reaffirmed a “buy” rating and set a $65.00 price target on shares of eBay in a report on Tuesday, October 29th. Morgan Stanley boosted their target price on shares of eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Piper Sandler increased their price target on eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Truist Financial raised their price objective on eBay from $58.00 to $62.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Finally, Robert W. Baird lowered their target price on eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. 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 stock. According to MarketBeat, the company currently 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.