eBay Inc. (NASDAQ:EBAY) Stake Increased by Venturi Wealth Management LLC

Venturi Wealth Management LLC increased its stake in eBay Inc. (NASDAQ:EBAY) by 190.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,390 shares of the e-commerce company’s stock after acquiring an additional 1,567 shares during the quarter. Venturi Wealth Management LLC’s holdings in eBay were worth $148,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Nordea Investment Management AB increased its stake in shares of eBay by 3.8% in the fourth quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock worth $573,220,000 after buying an additional 335,035 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of eBay by 4.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,447,627 shares of the e-commerce company’s stock worth $354,695,000 after buying an additional 216,162 shares during the last quarter. Smead Capital Management Inc. increased its stake in shares of eBay by 3.5% in the third quarter. Smead Capital Management Inc. now owns 3,725,760 shares of the e-commerce company’s stock worth $242,584,000 after buying an additional 125,708 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of eBay by 4.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,888,758 shares of the e-commerce company’s stock worth $117,009,000 after buying an additional 73,351 shares during the last quarter. Finally, Wellington Management Group LLP bought a new stake in shares of eBay in the third quarter worth $105,506,000. Institutional investors own 87.48% of the company’s stock.

eBay Stock Performance

EBAY stock opened at $69.39 on Friday. The company has a market capitalization of $33.24 billion, a P/E ratio of 17.43, a PEG ratio of 2.22 and a beta of 1.35. The company has a 50-day simple moving average of $65.87 and a 200 day simple moving average of $63.32. eBay Inc. has a fifty-two week low of $43.12 and a fifty-two week 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.

Insider Buying and Selling

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total value of $355,556.25. Following the sale, the chief executive officer now directly owns 531,167 shares in the company, valued at approximately $33,575,066.07. The trade was a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Stephen J. Priest sold 5,252 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $63.63, for a total transaction of $334,184.76. Following the completion of the sale, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,141,040.40. This trade represents a 7.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,149 shares of company stock valued at $1,746,065 over the last 90 days. 0.38% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on EBAY. JPMorgan Chase & Co. dropped their price target on shares of eBay from $60.00 to $58.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Mizuho boosted their target price on shares of eBay from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Benchmark reiterated a “buy” rating and set a $65.00 target price on shares of eBay in a research note on Tuesday, October 29th. Jefferies Financial Group lowered shares of eBay from a “hold” rating to an “underperform” rating and lowered their target price for the company from $60.00 to $52.00 in a research note on Tuesday, December 10th. Finally, Robert W. Baird lowered their target price on shares of eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, eBay has a consensus rating of “Hold” and an average price target of $63.13.

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.