Greenleaf Trust Sells 285 Shares of eBay Inc. (NASDAQ:EBAY)

Greenleaf Trust lowered its position in shares of eBay Inc. (NASDAQ:EBAY) by 1.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,172 shares of the e-commerce company’s stock after selling 285 shares during the quarter. Greenleaf Trust’s holdings in eBay were worth $1,374,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Quarry LP bought a new stake in shares of eBay during the third quarter valued at approximately $36,000. New Wave Wealth Advisors LLC bought a new position in eBay during the fourth quarter valued at $36,000. USA Financial Formulas bought a new position in eBay during the third quarter valued at $38,000. Northwest Investment Counselors LLC bought a new position in eBay during the third quarter valued at $50,000. Finally, Versant Capital Management Inc boosted its stake in shares of eBay by 115.5% during the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after purchasing 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

A number of analysts have recently issued reports on EBAY shares. StockNews.com lowered shares of eBay from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Wedbush initiated coverage on shares of eBay in a report on Monday, December 9th. They issued a “neutral” rating and a $70.00 target price for the company. Cantor Fitzgerald reiterated a “neutral” rating and issued a $62.00 target price on shares of eBay in a report on Monday, October 7th. The Goldman Sachs Group upped their price objective on shares of eBay from $46.00 to $55.00 and gave the company a “sell” rating in a report on Tuesday, October 15th. Finally, Piper Sandler upped their price objective on shares of eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. 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 stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $62.92.

Insider Activity at eBay

In related news, SVP Cornelius Boone sold 3,989 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 71,469 shares in the company, valued at $4,659,778.80. The trade was a 5.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $62.38, for a total value of $350,887.50. Following the sale, the chief executive officer now owns 542,248 shares of the company’s stock, valued at approximately $33,825,430.24. The trade was a 1.03 % 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 in the last three months. 0.38% of the stock is owned by company insiders.

eBay Stock Performance

Shares of eBay stock opened at $67.18 on Tuesday. The business has a 50-day moving average of $64.46 and a 200 day moving average of $61.96. eBay Inc. has a 12 month low of $40.74 and a 12 month high of $71.52. The stock has a market capitalization of $32.18 billion, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of 2.15 and a beta of 1.35. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25.

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.