eBay Inc. (NASDAQ:EBAY) Position Boosted by Caprock Group LLC

Caprock Group LLC grew its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 83.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 111,262 shares of the e-commerce company’s stock after acquiring an additional 50,491 shares during the quarter. Caprock Group LLC’s holdings in eBay were worth $6,893,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of EBAY. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in eBay by 0.3% in 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 during the period. Cypress Wealth Services LLC boosted its holdings in shares of eBay by 4.7% in the fourth quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company’s stock valued at $216,000 after acquiring an additional 157 shares in the last quarter. Capital Investment Advisors LLC increased its stake in shares of eBay by 4.1% during the fourth quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company’s stock valued at $262,000 after acquiring an additional 167 shares during the period. Optas LLC raised its holdings in eBay by 0.5% during the third quarter. Optas LLC now owns 34,082 shares of the e-commerce company’s stock worth $2,219,000 after purchasing an additional 171 shares in the last quarter. Finally, Kathmere Capital Management LLC lifted its position in eBay by 1.2% in the fourth quarter. Kathmere Capital Management LLC now owns 14,250 shares of the e-commerce company’s stock worth $883,000 after purchasing an additional 173 shares during the period. Institutional investors own 87.48% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on EBAY shares. StockNews.com lowered eBay from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of eBay from $70.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, November 1st. JPMorgan Chase & Co. dropped their target price on shares of eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Bank of America decreased their price target on shares of eBay from $67.00 to $64.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Finally, Wedbush began coverage on eBay in a research report on Monday, December 9th. They set a “neutral” rating and a $70.00 price objective for the company. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $62.83.

Insider Buying and Selling

In other news, SVP Cornelius Boone sold 3,989 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total transaction 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 approximately $4,659,778.80. This represents a 5.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total transaction of $355,556.25. Following the sale, the chief executive officer now owns 531,167 shares in the company, valued at $33,575,066.07. This represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 27,149 shares of company stock valued at $1,704,778. Company insiders own 0.38% of the company’s stock.

eBay Stock Up 0.5 %

Shares of EBAY stock opened at $67.83 on Friday. The company has a market capitalization of $32.49 billion, a price-to-earnings ratio of 17.06, a PEG ratio of 2.11 and a beta of 1.35. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The stock’s 50 day simple moving average is $64.38 and its 200 day simple moving average is $61.77. eBay Inc. has a twelve month low of $40.74 and a twelve month high of $71.52.

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.