Empower Advisory Group LLC Has $280,000 Position in eBay Inc. (NASDAQ:EBAY)

Empower Advisory Group LLC reduced its position in shares of eBay Inc. (NASDAQ:EBAY) by 21.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,527 shares of the e-commerce company’s stock after selling 1,224 shares during the period. Empower Advisory Group LLC’s holdings in eBay were worth $280,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new stake in eBay during the 4th quarter worth $27,000. Quarry LP acquired a new position in shares of eBay in the 3rd quarter valued at about $36,000. New Wave Wealth Advisors LLC bought a new stake in eBay in the 4th quarter valued at about $36,000. Versant Capital Management Inc increased its position in eBay by 115.5% in the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after buying an additional 448 shares in the last quarter. Finally, Financial Management Professionals Inc. increased its holdings in eBay by 276.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock worth $55,000 after purchasing an additional 621 shares in the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EBAY has been the subject of a number of recent research reports. Citigroup boosted their price objective on eBay from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, February 14th. JMP Securities reiterated a “market perform” rating on shares of eBay in a research note on Monday, December 16th. Wells Fargo & Company increased their target price on eBay from $59.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Monday, February 3rd. Morgan Stanley increased their price objective on eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Finally, Benchmark reiterated a “buy” rating and issued a $65.00 price objective on shares of eBay in a research report on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $63.13.

eBay Stock Performance

EBAY opened at $69.33 on Thursday. The firm has a market capitalization of $33.21 billion, a PE ratio of 17.42, a PEG ratio of 2.23 and a beta of 1.35. eBay Inc. has a twelve month low of $42.97 and a twelve month high of $71.52. The firm’s 50-day moving average price is $65.53 and its 200 day moving average price is $63.13. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

Insider Buying and Selling at eBay

In other eBay news, CFO Stephen J. Priest sold 5,252 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $63.63, for a total value of $334,184.76. Following the sale, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at approximately $4,141,040.40. This represents a 7.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jamie Iannone sold 5,625 shares of the company’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 completion of the transaction, the chief executive officer now owns 530,998 shares of the company’s stock, valued at approximately $35,709,615.50. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,149 shares of company stock worth $1,746,065 in the last ninety days. 0.38% of the stock is owned by insiders.

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.