eBay Inc. (NASDAQ:EBAY) Stock Holdings Lessened by Hedges Asset Management LLC

Hedges Asset Management LLC lowered its stake in eBay Inc. (NASDAQ:EBAYFree Report) by 55.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,000 shares of the e-commerce company’s stock after selling 5,000 shares during the period. Hedges Asset Management LLC’s holdings in eBay were worth $260,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of EBAY. Carret Asset Management LLC acquired a new stake in eBay during the 3rd quarter valued at $242,000. Financial Management Professionals Inc. grew its holdings in shares of eBay by 276.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock valued at $55,000 after acquiring an additional 621 shares in the last quarter. Frank Rimerman Advisors LLC grew its holdings in shares of eBay by 6.0% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 5,801 shares of the e-commerce company’s stock valued at $378,000 after acquiring an additional 326 shares in the last quarter. Modera Wealth Management LLC grew its holdings in shares of eBay by 6.2% during the 3rd quarter. Modera Wealth Management LLC now owns 9,233 shares of the e-commerce company’s stock valued at $601,000 after acquiring an additional 540 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of eBay by 2.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 52,517 shares of the e-commerce company’s stock valued at $3,419,000 after acquiring an additional 1,241 shares in the last quarter. Institutional investors own 87.48% of the company’s stock.

Insider Buying and Selling

In other eBay news, CFO Stephen J. Priest sold 1,167 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total transaction of $77,757.21. Following the sale, the chief financial officer now directly owns 65,079 shares of the company’s stock, valued at approximately $4,336,213.77. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the sale, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at $4,494,918.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total transaction of $77,757.21. Following the sale, the chief financial officer now directly owns 65,079 shares in the company, valued at $4,336,213.77. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,391 shares of company stock valued at $2,678,424 over the last quarter. Corporate insiders own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on EBAY. Wolfe Research began coverage on shares of eBay in a report on Tuesday, July 16th. They set a “peer perform” rating on the stock. Citigroup boosted their price target on shares of eBay from $64.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Jefferies Financial Group boosted their price target on shares of eBay from $58.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $72.00 price objective on shares of eBay in a report on Wednesday, October 23rd. Finally, Morgan Stanley upped their price objective on shares of eBay from $65.00 to $71.00 and gave the stock an “overweight” rating in a report on Friday. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $62.14.

Get Our Latest Analysis on EBAY

eBay Stock Down 0.8 %

Shares of EBAY opened at $63.10 on Monday. The company has a 50-day simple moving average of $62.71 and a 200-day simple moving average of $56.47. The firm has a market capitalization of $30.86 billion, a P/E ratio of 12.25, a P/E/G ratio of 2.45 and a beta of 1.32. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a 52 week low of $37.17 and a 52 week high of $67.80.

eBay (NASDAQ:EBAYGet Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The e-commerce company reported $0.88 EPS for the quarter, meeting analysts’ consensus estimates of $0.88. eBay had a net margin of 26.41% and a return on equity of 29.69%. The business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.53 billion. On average, equities research analysts expect that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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