First Affirmative Financial Network Sells 899 Shares of eBay Inc. (NASDAQ:EBAY)

First Affirmative Financial Network reduced its position in shares of eBay Inc. (NASDAQ:EBAY) by 18.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,995 shares of the e-commerce company’s stock after selling 899 shares during the quarter. First Affirmative Financial Network’s holdings in eBay were worth $247,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of eBay by 0.3% during the 3rd 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 position in shares of eBay by 4.7% during the fourth quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company’s stock valued at $216,000 after buying an additional 157 shares during the period. Capital Investment Advisors LLC grew 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 buying an additional 167 shares during the last quarter. Optas LLC raised its holdings in shares of eBay by 0.5% in the third quarter. Optas LLC now owns 34,082 shares of the e-commerce company’s stock worth $2,219,000 after buying an additional 171 shares during the period. Finally, Kathmere Capital Management LLC lifted its stake in shares of eBay by 1.2% during the 4th quarter. Kathmere Capital Management LLC now owns 14,250 shares of the e-commerce company’s stock worth $883,000 after acquiring an additional 173 shares during the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EBAY has been the topic of a number of recent analyst reports. Barclays reduced their target price on eBay from $65.00 to $64.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Bank of America decreased their price objective on shares of eBay from $67.00 to $64.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Truist Financial upped their target price on shares of eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. decreased 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. Finally, Morgan Stanley increased their price objective on eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, eBay presently has an average rating of “Hold” and a consensus target price of $62.83.

eBay Stock Up 2.3 %

EBAY opened at $67.52 on Friday. The company has a fifty day moving average of $64.26 and a two-hundred day moving average of $61.72. The stock has a market capitalization of $32.34 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 2.02 and a beta of 1.35. eBay Inc. has a fifty-two week low of $40.74 and a fifty-two week high of $71.52. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25.

Insider Activity at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $59.91, for a total transaction of $336,993.75. Following the completion of the transaction, the chief executive officer now owns 548,042 shares of the company’s stock, valued at $32,833,196.22. This represents a 1.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Stephen J. Priest sold 1,033 shares of eBay stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $64.93, for a total value of $67,072.69. Following the completion of the sale, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,225,644.40. This represents a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,149 shares of company stock worth $1,704,778 in the last 90 days. Corporate insiders own 0.38% of the company’s stock.

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.