eBay Inc. (NASDAQ:EBAY) Shares Sold by Cigna Investments Inc. New

Cigna Investments Inc. New lowered its position in eBay Inc. (NASDAQ:EBAY) by 5.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,019 shares of the e-commerce company’s stock after selling 277 shares during the quarter. Cigna Investments Inc. New’s holdings in eBay were worth $311,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Golden State Wealth Management LLC purchased a new stake in shares of eBay during the fourth quarter worth approximately $27,000. Quarry LP purchased a new stake in shares of eBay in the third quarter valued at approximately $36,000. New Wave Wealth Advisors LLC acquired a new position in eBay during the fourth quarter worth $36,000. Northwest Investment Counselors LLC purchased a new position in eBay in the third quarter worth $50,000. Finally, Versant Capital Management Inc lifted its holdings in eBay by 115.5% in the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after acquiring an additional 448 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Wall Street Analysts Forecast Growth

EBAY has been the topic of a number of recent analyst reports. StockNews.com cut shares of eBay from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Barclays lowered their target price on shares of eBay from $65.00 to $64.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Needham & Company LLC reiterated a “buy” rating and set a $72.00 price target on shares of eBay in a research report on Thursday, October 31st. Sanford C. Bernstein raised eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a research note on Tuesday, November 5th. Finally, TD Cowen raised their price objective on eBay from $45.00 to $54.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $62.92.

eBay Trading Up 0.3 %

Shares of EBAY opened at $68.46 on Wednesday. eBay Inc. has a fifty-two week low of $40.74 and a fifty-two week high of $71.52. The company has a market capitalization of $32.79 billion, a PE ratio of 17.20, a price-to-earnings-growth ratio of 2.15 and a beta of 1.35. The stock has a fifty day moving average of $64.86 and a two-hundred day moving average of $62.54. 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

In other eBay news, CFO Stephen J. Priest sold 1,033 shares of eBay stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $64.93, for a total value of $67,072.69. Following the transaction, the chief financial officer now owns 65,080 shares in the company, valued at $4,225,644.40. This trade represents a 1.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $67.25, for a total transaction of $378,281.25. Following the sale, the chief executive officer now directly owns 530,998 shares of the company’s stock, valued at $35,709,615.50. This represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,149 shares of company stock valued at $1,746,065 over the last quarter. Company insiders own 0.38% of the company’s stock.

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.