Crews Bank & Trust Invests $216,000 in eBay Inc. (NASDAQ:EBAY)

Crews Bank & Trust acquired a new stake in eBay Inc. (NASDAQ:EBAY) during the 4th quarter, Holdings Channel.com reports. The firm acquired 3,493 shares of the e-commerce company’s stock, valued at approximately $216,000.

Other hedge funds have also recently bought and sold shares of the company. Public Sector Pension Investment Board lifted its position in shares of eBay by 53.9% during the second quarter. Public Sector Pension Investment Board now owns 17,855 shares of the e-commerce company’s stock worth $959,000 after purchasing an additional 6,256 shares in the last quarter. Creative Planning lifted its holdings in eBay by 7.2% during the 2nd quarter. Creative Planning now owns 62,415 shares of the e-commerce company’s stock worth $3,353,000 after buying an additional 4,187 shares in the last quarter. NewEdge Advisors LLC boosted its position in eBay by 145.9% in the 2nd quarter. NewEdge Advisors LLC now owns 54,112 shares of the e-commerce company’s stock valued at $2,907,000 after buying an additional 32,110 shares during the period. Sunbelt Securities Inc. grew its stake in shares of eBay by 40,340.0% in the second quarter. Sunbelt Securities Inc. now owns 2,022 shares of the e-commerce company’s stock worth $109,000 after acquiring an additional 2,017 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in shares of eBay by 83.5% during the second quarter. Cetera Investment Advisers now owns 145,247 shares of the e-commerce company’s stock worth $7,803,000 after acquiring an additional 66,096 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Trading Up 2.3 %

Shares of EBAY stock opened at $67.52 on Friday. The company has a market capitalization of $32.34 billion, a P/E ratio of 16.96, a price-to-earnings-growth ratio of 2.02 and a beta of 1.35. 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 business’s 50 day moving average is $64.26 and its two-hundred day moving average is $61.72. eBay Inc. has a twelve month low of $40.74 and a twelve month high of $71.52.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. TD Cowen boosted their target price on eBay from $45.00 to $54.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Sanford C. Bernstein raised eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price objective for the company in a research report on Tuesday, November 5th. Citigroup raised their target price on shares of eBay from $68.00 to $75.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Robert W. Baird lowered their price target on shares of eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Finally, StockNews.com downgraded shares of eBay from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, eBay has an average rating of “Hold” and an average price target of $62.83.

Insider Activity at eBay

In related news, CFO Stephen J. Priest sold 5,252 shares of eBay stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $63.63, for a total value of $334,184.76. Following the sale, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,141,040.40. The trade was a 7.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Cornelius Boone sold 3,989 shares of the stock in a transaction 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 owns 71,469 shares of the company’s stock, valued at $4,659,778.80. The trade was a 5.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,149 shares of company stock worth $1,704,778 in the last three months. Insiders own 0.38% of the company’s stock.

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.