Tempus Wealth Planning LLC Reduces Stock Position in eBay Inc. (NASDAQ:EBAY)

Tempus Wealth Planning LLC decreased its position in eBay Inc. (NASDAQ:EBAY) by 4.8% in the 4th quarter, HoldingsChannel reports. The firm owned 6,833 shares of the e-commerce company’s stock after selling 347 shares during the period. Tempus Wealth Planning LLC’s holdings in eBay were worth $423,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EBAY. Quarry LP acquired a new position in shares of eBay in the third quarter valued at approximately $36,000. New Wave Wealth Advisors LLC acquired a new stake in eBay during the fourth quarter worth approximately $36,000. USA Financial Formulas purchased a new stake in eBay in the 3rd quarter worth approximately $38,000. Northwest Investment Counselors LLC acquired a new position in eBay in the 3rd quarter valued at $50,000. Finally, Versant Capital Management Inc lifted its stake in shares of eBay by 115.5% during the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after purchasing an additional 448 shares during the period. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

eBay Price Performance

EBAY opened at $66.95 on Wednesday. eBay Inc. has a twelve month low of $40.74 and a twelve month 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 firm has a market cap of $32.07 billion, a price-to-earnings ratio of 16.82, a PEG ratio of 2.15 and a beta of 1.35. The company has a fifty day simple moving average of $64.51 and a 200 day simple moving average of $62.05.

Insider Activity

In other news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total transaction of $355,556.25. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Stephen J. Priest sold 1,033 shares of eBay 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 completion of the sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at approximately $4,225,644.40. This trade represents a 1.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,524 shares of company stock worth $1,367,784 over the last ninety days. Corporate insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

EBAY has been the subject of a number of recent analyst reports. Wells Fargo & Company lifted their price objective on eBay from $59.00 to $61.00 and gave the company an “equal weight” rating in a research report on Monday. Benchmark restated a “buy” rating and issued a $65.00 price target on shares of eBay in a report on Tuesday, October 29th. Mizuho increased their price objective on shares of eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Barclays lowered their target price on shares of eBay from $65.00 to $64.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Finally, Piper Sandler upped their price target on shares of eBay from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, eBay currently has a consensus rating of “Hold” and a consensus price target of $62.92.

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.