Hickory Asset Management Inc. Purchases New Shares in eBay Inc. (NASDAQ:EBAY)

Hickory Asset Management Inc. purchased a new stake in eBay Inc. (NASDAQ:EBAY) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 4,635 shares of the e-commerce company’s stock, valued at approximately $287,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Valeo Financial Advisors LLC boosted its position in eBay by 8.5% during the fourth quarter. Valeo Financial Advisors LLC now owns 6,267 shares of the e-commerce company’s stock worth $388,000 after purchasing an additional 493 shares during the period. White Pine Capital LLC boosted its holdings in shares of eBay by 4.5% during the 4th quarter. White Pine Capital LLC now owns 9,232 shares of the e-commerce company’s stock worth $572,000 after buying an additional 401 shares during the period. V Square Quantitative Management LLC boosted its holdings in shares of eBay by 7.1% during the 4th quarter. V Square Quantitative Management LLC now owns 19,431 shares of the e-commerce company’s stock worth $1,204,000 after buying an additional 1,285 shares during the period. Asset Management One Co. Ltd. boosted its holdings in shares of eBay by 1.7% during the 4th quarter. Asset Management One Co. Ltd. now owns 206,425 shares of the e-commerce company’s stock worth $12,966,000 after buying an additional 3,514 shares during the period. Finally, Avestar Capital LLC boosted its holdings in eBay by 34.5% in the 4th quarter. Avestar Capital LLC now owns 8,666 shares of the e-commerce company’s stock valued at $537,000 after purchasing an additional 2,225 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insider Buying and Selling at eBay

In related news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total transaction of $355,556.25. Following the transaction, the chief executive officer now directly owns 531,167 shares in the company, valued at approximately $33,575,066.07. The trade was a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Cornelius Boone sold 3,989 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total transaction of $260,082.80. Following the transaction, the senior vice president now owns 71,469 shares in the company, valued at approximately $4,659,778.80. The trade was a 5.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,149 shares of company stock valued at $1,746,065. 0.38% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have weighed in on EBAY shares. Wells Fargo & Company increased their price target on shares of eBay from $59.00 to $61.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. UBS Group reduced their price target on shares of eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Stifel Nicolaus increased their price target on shares of eBay from $56.00 to $64.00 and gave the company a “hold” rating in a report on Monday, October 28th. Mizuho raised their price objective on shares of eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Finally, Robert W. Baird reduced their price objective 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. Two equities research 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 data from MarketBeat.com, eBay currently has a consensus rating of “Hold” and an average price target of $63.13.

eBay Stock Performance

Shares of EBAY opened at $69.90 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a twelve month low of $42.14 and a twelve month high of $71.52. The firm’s 50 day moving average price is $65.18 and its two-hundred day moving average price is $62.73. The firm has a market cap of $33.48 billion, a P/E ratio of 17.56, a PEG ratio of 2.15 and a beta of 1.35.

eBay 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.