Yacktman Asset Management LP Decreases Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Yacktman Asset Management LP trimmed its position in eBay Inc. (NASDAQ:EBAY) by 8.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,481,261 shares of the e-commerce company’s stock after selling 236,223 shares during the period. eBay comprises about 1.8% of Yacktman Asset Management LP’s portfolio, making the stock its 21st largest holding. Yacktman Asset Management LP’s holdings in eBay were worth $153,714,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in 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 worth $3,418,000 after purchasing an additional 153 shares in the last quarter. Cypress Wealth Services LLC grew its holdings in shares of eBay by 4.7% during the fourth quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company’s stock worth $216,000 after buying an additional 157 shares in the last quarter. Capital Investment Advisors LLC raised its position in shares of eBay by 4.1% in the fourth quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company’s stock valued at $262,000 after buying an additional 167 shares during the last quarter. Optas LLC lifted its stake in shares of eBay by 0.5% in the third quarter. Optas LLC now owns 34,082 shares of the e-commerce company’s stock worth $2,219,000 after buying an additional 171 shares in the last quarter. Finally, Kathmere Capital Management LLC boosted its position in eBay by 1.2% during the fourth quarter. Kathmere Capital Management LLC now owns 14,250 shares of the e-commerce company’s stock worth $883,000 after acquiring an additional 173 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Stock Up 0.6 %

eBay stock opened at $68.26 on Tuesday. The stock has a market cap of $32.70 billion, a PE ratio of 17.15, a P/E/G 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. The stock’s fifty day moving average is $64.76 and its two-hundred day moving average is $62.44. eBay Inc. has a 1-year low of $40.74 and a 1-year high of $71.52.

Insider Activity

In related news, SVP Cornelius Boone sold 3,989 shares of the company’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 value of $260,082.80. Following the completion of the transaction, the senior vice president now directly owns 71,469 shares of the company’s stock, valued at $4,659,778.80. This represents a 5.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was 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 in the company, 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. In the last 90 days, insiders have sold 27,149 shares of company stock worth $1,746,065. 0.38% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on EBAY shares. The Goldman Sachs Group increased 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. Truist Financial increased their price target on eBay from $58.00 to $62.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Barclays lowered their price objective on eBay from $65.00 to $64.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Wells Fargo & Company raised their target price on eBay from $59.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Monday, February 3rd. Finally, Jefferies Financial Group cut shares of eBay from a “hold” rating to an “underperform” rating and cut their price objective for the stock from $60.00 to $52.00 in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, eBay has a consensus rating of “Hold” and an average target price of $62.92.

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.