eBay Inc. (NASDAQ:EBAY) Shares Sold by Empowered Funds LLC

Empowered Funds LLC lowered its stake in shares of eBay Inc. (NASDAQ:EBAY) by 18.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 86,679 shares of the e-commerce company’s stock after selling 19,679 shares during the period. Empowered Funds LLC’s holdings in eBay were worth $5,370,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in EBAY. Wealth Group Ltd. purchased a new position in eBay in the third quarter valued at approximately $543,000. Exchange Traded Concepts LLC increased its position in shares of eBay by 3,496.6% in the third quarter. Exchange Traded Concepts LLC now owns 4,244 shares of the e-commerce company’s stock worth $276,000 after acquiring an additional 4,126 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of eBay by 120.1% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,061 shares of the e-commerce company’s stock valued at $69,000 after acquiring an additional 579 shares during the period. Harrington Investments INC lifted its holdings in shares of eBay by 0.6% during the 3rd quarter. Harrington Investments INC now owns 37,385 shares of the e-commerce company’s stock valued at $2,434,000 after acquiring an additional 232 shares in the last quarter. Finally, Creative Planning boosted its position in eBay by 5.4% during the 3rd quarter. Creative Planning now owns 65,816 shares of the e-commerce company’s stock worth $4,285,000 after purchasing an additional 3,401 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

Wall Street Analyst Weigh In

EBAY has been the topic of several research reports. Bank of America cut their price objective on eBay from $67.00 to $64.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. JPMorgan Chase & Co. reduced their price target on eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Wedbush initiated coverage on shares of eBay in a research note on Monday, December 9th. They set a “neutral” rating and a $70.00 price objective on the stock. Sanford C. Bernstein upgraded shares of eBay from a “market perform” rating to an “outperform” rating and set a $70.00 target price for the company in a research note on Tuesday, November 5th. Finally, The Goldman Sachs Group lifted their price target on shares of eBay from $46.00 to $55.00 and gave the stock a “sell” rating in a research note on Tuesday, October 15th. 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 company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $62.92.

eBay Stock Up 0.3 %

NASDAQ:EBAY opened at $68.46 on Wednesday. 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 stock has a 50 day moving average of $64.86 and a 200-day moving average of $62.54. The firm 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. eBay Inc. has a 52 week low of $40.74 and a 52 week high of $71.52.

Insider Buying and Selling

In other eBay news, SVP Cornelius Boone sold 3,989 shares of eBay stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total transaction of $260,082.80. Following the sale, the senior vice president now owns 71,469 shares of the company’s stock, valued at $4,659,778.80. The trade was a 5.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total value of $355,556.25. Following the transaction, the chief executive officer now directly owns 531,167 shares in the company, valued at $33,575,066.07. This trade 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 worth $1,746,065 in the last three months. 0.38% of the stock is owned by insiders.

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.