Parsons Capital Management Inc. RI Sells 1,833 Shares of eBay Inc. (NASDAQ:EBAY)

Parsons Capital Management Inc. RI decreased its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 8.3% in the fourth quarter, Holdings Channel reports. The firm owned 20,257 shares of the e-commerce company’s stock after selling 1,833 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in eBay were worth $1,255,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Quarry LP bought a new position in shares of eBay during the 3rd quarter worth approximately $36,000. USA Financial Formulas acquired a new position in eBay during the third quarter worth $38,000. Northwest Investment Counselors LLC bought a new position in shares of eBay during the third quarter valued at $50,000. Versant Capital Management Inc boosted its stake in shares of eBay by 115.5% in the 4th 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 in the last quarter. Finally, Financial Management Professionals Inc. boosted its stake in shares of eBay by 276.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock valued at $55,000 after purchasing an additional 621 shares in the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

eBay Trading Up 3.1 %

Shares of eBay stock opened at $66.84 on Tuesday. eBay Inc. has a 1 year low of $40.74 and a 1 year high of $71.52. The stock has a fifty day moving average price of $63.92 and a 200-day moving average price of $61.51. 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 firm has a market cap of $32.02 billion, a PE ratio of 16.79, a P/E/G ratio of 2.02 and a beta of 1.35.

Insider Buying and Selling

In other news, SVP Cornelius Boone sold 3,989 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total value of $260,082.80. Following the transaction, the senior vice president now owns 71,469 shares of the company’s stock, valued at approximately $4,659,778.80. This represents a 5.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $59.91, for a total value of $336,993.75. Following the completion of the transaction, the chief executive officer now owns 548,042 shares in the company, valued at $32,833,196.22. This represents a 1.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,149 shares of company stock valued at $1,704,778. Company insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Benchmark restated a “buy” rating and issued a $65.00 price target on shares of eBay in a research report on Tuesday, October 29th. UBS Group reduced their target price on eBay from $72.00 to $66.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Mizuho raised their price target on eBay from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Sanford C. Bernstein raised eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price objective on the stock in a research note on Tuesday, November 5th. Finally, Truist Financial raised their target price on eBay from $58.00 to $62.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $62.83.

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.