YANKCOM Partnership Purchases Shares of 2,142 eBay Inc. (NASDAQ:EBAY)

YANKCOM Partnership acquired a new stake in eBay Inc. (NASDAQ:EBAY) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 2,142 shares of the e-commerce company’s stock, valued at approximately $133,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of EBAY. Sanctuary Advisors LLC bought a new position in shares of eBay in the 2nd quarter valued at about $1,580,000. Czech National Bank grew its position in shares of eBay by 3.3% in the 3rd quarter. Czech National Bank now owns 99,614 shares of the e-commerce company’s stock valued at $6,486,000 after acquiring an additional 3,190 shares during the period. Atomi Financial Group Inc. grew its position in shares of eBay by 58.4% in the 3rd quarter. Atomi Financial Group Inc. now owns 6,065 shares of the e-commerce company’s stock valued at $395,000 after acquiring an additional 2,236 shares during the period. Wedmont Private Capital grew its position in shares of eBay by 20.5% in the 3rd quarter. Wedmont Private Capital now owns 8,292 shares of the e-commerce company’s stock valued at $554,000 after acquiring an additional 1,410 shares during the period. Finally, USA Financial Formulas bought a new position in shares of eBay in the 3rd quarter valued at about $38,000. Institutional investors own 87.48% of the company’s stock.

Insider Activity

In other news, SVP Cornelius Boone sold 3,989 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total transaction of $260,082.80. Following the completion of the sale, the senior vice president now directly owns 71,469 shares in the company, valued at $4,659,778.80. This represents a 5.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total transaction of $378,281.25. Following the sale, the chief executive officer now owns 530,998 shares of the company’s stock, valued at approximately $35,709,615.50. This trade represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,149 shares of company stock valued at $1,746,065. Insiders own 0.38% of the company’s stock.

eBay Price Performance

EBAY stock opened at $67.50 on Friday. The company has a fifty day moving average price of $64.60 and a 200-day moving average price of $62.18. The company has a market capitalization of $32.33 billion, a P/E ratio of 16.96, a PEG ratio of 2.15 and a beta of 1.35. eBay Inc. has a 52-week low of $40.74 and a 52-week high of $71.52. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25.

Analysts Set New Price Targets

Several analysts recently commented on EBAY shares. Robert W. Baird reduced their target price on shares of eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Jefferies Financial Group lowered shares of eBay from a “hold” rating to an “underperform” rating and decreased their target price for the stock from $60.00 to $52.00 in a research report on Tuesday, December 10th. Wells Fargo & Company increased their target price on shares of eBay from $59.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Monday. Mizuho increased their target price on shares of eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Finally, Wedbush began coverage on shares of eBay in a research report on Monday, December 9th. They set a “neutral” rating and a $70.00 target price on the stock. Two equities 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’s stock. According to data from MarketBeat.com, the stock currently 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.