eBay Inc. (NASDAQ:EBAY) Shares Acquired by Mezzasalma Advisors LLC

Mezzasalma Advisors LLC boosted its position in eBay Inc. (NASDAQ:EBAY) by 22.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,963 shares of the e-commerce company’s stock after purchasing an additional 1,669 shares during the quarter. Mezzasalma Advisors LLC’s holdings in eBay were worth $555,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in shares of eBay in the fourth quarter valued at approximately $27,000. Quarry LP acquired a new position in eBay in the 3rd quarter valued at $36,000. New Wave Wealth Advisors LLC purchased a new position in shares of eBay during the 4th quarter worth $36,000. USA Financial Formulas acquired a new stake in shares of eBay during the third quarter worth $38,000. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of eBay in the third quarter valued at $50,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on EBAY shares. The Goldman Sachs Group raised their price target on eBay from $46.00 to $55.00 and gave the stock a “sell” rating in a research note on Tuesday, October 15th. Truist Financial raised their target price on shares of eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Benchmark reaffirmed a “buy” rating and set a $65.00 price target on shares of eBay in a research report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of eBay from $70.00 to $63.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Finally, Citigroup upped their price objective on eBay from $68.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $62.92.

eBay Stock Up 0.5 %

Shares of eBay stock opened at $67.83 on Friday. eBay Inc. has a 1-year low of $40.74 and a 1-year high of $71.52. The company has a market capitalization of $32.49 billion, a PE ratio of 17.04, a P/E/G ratio of 2.15 and a beta of 1.35. 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 business has a 50-day moving average of $64.67 and a 200-day moving average of $62.22.

Insider Buying and Selling at eBay

In other eBay news, CFO Stephen J. Priest sold 1,033 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $64.93, for a total transaction of $67,072.69. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Cornelius Boone sold 3,989 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total transaction of $260,082.80. Following the completion of the sale, the senior vice president now directly 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 sold a total of 27,149 shares of company stock worth $1,746,065 in the last 90 days. 0.38% of the stock is owned by corporate insiders.

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.