eBay Inc. (NASDAQ:EBAY) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. cut its position in shares of eBay Inc. (NASDAQ:EBAY) by 27.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 187,997 shares of the e-commerce company’s stock after selling 72,575 shares during the period. Vontobel Holding Ltd.’s holdings in eBay were worth $11,646,000 at the end of the most recent quarter.

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 stake in eBay during the fourth quarter worth about $27,000. Quarry LP acquired a new stake in eBay during the third quarter worth about $36,000. New Wave Wealth Advisors LLC acquired a new stake in eBay during the fourth quarter worth about $36,000. Northwest Investment Counselors LLC acquired a new stake in shares of eBay in the third quarter valued at about $50,000. Finally, Versant Capital Management Inc grew its stake in shares of eBay by 115.5% in the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after buying an additional 448 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EBAY has been the subject of a number of recent research reports. Piper Sandler increased their target price on eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. StockNews.com lowered eBay from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Bank of America lowered their target price on eBay from $67.00 to $64.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. JMP Securities reiterated a “market perform” rating on shares of eBay in a research note on Monday, December 16th. Finally, Wedbush initiated coverage on eBay in a research note on Monday, December 9th. They issued a “neutral” rating and a $70.00 target price for the company. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $63.13.

Insider Activity at eBay

In other news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total transaction of $378,281.25. Following the transaction, the chief executive officer now directly owns 530,998 shares in the company, valued at approximately $35,709,615.50. This trade represents a 1.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Stephen J. Priest sold 5,252 shares of eBay stock in a transaction on Monday, December 16th. The shares were sold at an average price of $63.63, for a total value of $334,184.76. Following the transaction, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,141,040.40. This trade represents a 7.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,149 shares of company stock worth $1,746,065 in the last three months. 0.38% of the stock is owned by company insiders.

eBay Stock Up 0.9 %

EBAY opened at $69.90 on Friday. eBay Inc. has a 12 month low of $42.14 and a 12 month high of $71.52. 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 stock has a market cap of $33.48 billion, a P/E ratio of 17.56, a P/E/G ratio of 2.15 and a beta of 1.35. The stock’s 50 day moving average price is $65.18 and its 200 day moving average price is $62.73.

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.