Everett Harris & Co. CA Trims Position in eBay Inc. (NASDAQ:EBAY)

Everett Harris & Co. CA lowered its stake in shares of eBay Inc. (NASDAQ:EBAY) by 2.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 11,901 shares of the e-commerce company’s stock after selling 334 shares during the period. Everett Harris & Co. CA’s holdings in eBay were worth $737,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Caprock Group LLC increased its holdings in shares of eBay by 83.1% during the fourth quarter. Caprock Group LLC now owns 111,262 shares of the e-commerce company’s stock valued at $6,893,000 after acquiring an additional 50,491 shares in the last quarter. New Wave Wealth Advisors LLC bought a new stake in eBay during the 4th quarter valued at about $36,000. Crews Bank & Trust purchased a new position in eBay in the fourth quarter worth about $216,000. Swedbank AB lifted its stake in shares of eBay by 9.2% in the fourth quarter. Swedbank AB now owns 1,521,423 shares of the e-commerce company’s stock worth $94,252,000 after buying an additional 128,709 shares in the last quarter. Finally, Forsta AP Fonden lifted its stake in shares of eBay by 0.5% in the fourth quarter. Forsta AP Fonden now owns 208,600 shares of the e-commerce company’s stock worth $12,923,000 after buying an additional 1,000 shares in the last quarter. 87.48% of the stock is owned by institutional investors.

Insider Activity at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $59.91, for a total transaction of $336,993.75. Following the transaction, the chief executive officer now owns 548,042 shares in the company, valued at approximately $32,833,196.22. This represents a 1.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Stephen J. Priest sold 5,252 shares of eBay stock in a transaction on Monday, December 16th. The stock was sold at an average price of $63.63, for a total transaction of $334,184.76. Following the sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at $4,141,040.40. The trade was a 7.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,149 shares of company stock valued at $1,704,778 in the last ninety days. Corporate insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on EBAY. Truist Financial lifted their target price on eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Wedbush began coverage on eBay in a research report on Monday, December 9th. They issued a “neutral” rating and a $70.00 target price for the company. TD Cowen raised their price target on shares of eBay from $45.00 to $54.00 and gave the company a “hold” rating in a report on Friday, October 25th. Needham & Company LLC reiterated a “buy” rating and issued a $72.00 price target on shares of eBay in a research note on Thursday, October 31st. Finally, 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 research report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $62.83.

eBay Stock Performance

Shares of EBAY opened at $67.48 on Friday. eBay Inc. has a 12 month low of $40.74 and a 12 month high of $71.52. The stock has a fifty day moving average price of $64.46 and a 200-day moving average price of $61.86. 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 firm has a market cap of $32.32 billion, a PE ratio of 16.95, a P/E/G ratio of 2.11 and a beta of 1.35.

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.