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

Conning Inc. reduced its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 8.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Golden State Wealth Management LLC purchased a new stake in eBay in the fourth quarter valued at $27,000. Quarry LP acquired a new stake in shares of eBay during the third quarter worth about $36,000. New Wave Wealth Advisors LLC purchased a new stake in shares of eBay in the 4th quarter valued at about $36,000. Northwest Investment Counselors LLC acquired a new stake in shares of eBay in the 3rd quarter valued at about $50,000. Finally, Versant Capital Management Inc boosted its position in shares of eBay by 115.5% in the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after purchasing an additional 448 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Price Performance

Shares of 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 stock has a market cap of $32.49 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 2.15 and a beta of 1.35. The business’s fifty day moving average price is $64.76 and its two-hundred day moving average price is $62.38. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25.

Insider Activity at eBay

In other eBay news, CFO Stephen J. Priest sold 1,033 shares of the stock in a transaction 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 transaction, the chief financial officer now owns 65,080 shares of the company’s stock, valued at $4,225,644.40. This represents a 1.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now 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 a total of 27,149 shares of company stock valued at $1,746,065 over the last quarter. Insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. reduced 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. Barclays decreased their price target on shares of eBay from $65.00 to $64.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. The Goldman Sachs Group raised their price objective on shares of eBay from $46.00 to $55.00 and gave the stock a “sell” rating in a research report on Tuesday, October 15th. Wells Fargo & Company raised their price target on eBay from $59.00 to $61.00 and gave the stock an “equal weight” rating in a report on Monday, February 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $72.00 price objective on shares of eBay in a research report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $62.92.

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.