Columbus Macro LLC Acquires 1,723 Shares of eBay Inc. (NASDAQ:EBAY)

Columbus Macro LLC grew its holdings in eBay Inc. (NASDAQ:EBAY) by 55.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,809 shares of the e-commerce company’s stock after purchasing an additional 1,723 shares during the period. Columbus Macro LLC’s holdings in eBay were worth $298,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of eBay by 0.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company’s stock valued at $3,418,000 after buying an additional 153 shares during the period. Cypress Wealth Services LLC increased its holdings in eBay by 4.7% during the 4th quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company’s stock worth $216,000 after acquiring an additional 157 shares during the period. Capital Investment Advisors LLC lifted its stake in eBay by 4.1% in the 4th quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company’s stock worth $262,000 after purchasing an additional 167 shares in the last quarter. Optas LLC grew its position in shares of eBay by 0.5% during the 3rd quarter. Optas LLC now owns 34,082 shares of the e-commerce company’s stock valued at $2,219,000 after purchasing an additional 171 shares in the last quarter. Finally, Kathmere Capital Management LLC grew its position in shares of eBay by 1.2% during the 4th quarter. Kathmere Capital Management LLC now owns 14,250 shares of the e-commerce company’s stock valued at $883,000 after purchasing an additional 173 shares in the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

eBay Trading Down 0.3 %

Shares of EBAY opened at $66.95 on Wednesday. The stock has a market capitalization of $32.07 billion, a P/E ratio of 16.82, a PEG ratio of 2.15 and a beta of 1.35. eBay Inc. has a twelve month low of $40.74 and a twelve month high of $71.52. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm has a fifty day simple moving average of $64.51 and a two-hundred day simple moving average of $62.05.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Truist Financial lifted their price objective on eBay from $58.00 to $62.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Piper Sandler upped their price objective on shares of eBay from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Mizuho lifted their target price on shares of eBay from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Wedbush initiated coverage on shares of eBay in a research note on Monday, December 9th. They issued a “neutral” rating and a $70.00 price target for the company. Finally, Sanford C. Bernstein raised shares of eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price objective for the company in a report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $62.92.

Insider Activity

In other eBay news, CFO Stephen J. Priest sold 5,252 shares of the company’s stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 65,080 shares in the company, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total transaction of $355,556.25. Following the sale, the chief executive officer now directly owns 531,167 shares in the company, valued at $33,575,066.07. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,524 shares of company stock valued at $1,367,784. 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.