eBay Inc. (NASDAQ:EBAY) Shares Sold by Jessup Wealth Management Inc

Jessup Wealth Management Inc cut its position in eBay Inc. (NASDAQ:EBAY) by 0.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 126,598 shares of the e-commerce company’s stock after selling 720 shares during the quarter. eBay makes up approximately 3.3% of Jessup Wealth Management Inc’s investment portfolio, making the stock its 9th largest holding. Jessup Wealth Management Inc’s holdings in eBay were worth $7,843,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Private Advisor Group LLC boosted its position in shares of eBay by 90.7% in the third quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company’s stock valued at $2,963,000 after acquiring an additional 21,636 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in eBay by 2.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company’s stock valued at $3,489,000 after purchasing an additional 1,063 shares during the last quarter. Trustmark National Bank Trust Department bought a new stake in eBay in the 3rd quarter valued at $1,307,000. Prospera Financial Services Inc grew its position in eBay by 794.2% in the 3rd quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock worth $4,598,000 after purchasing an additional 62,719 shares during the last quarter. Finally, Nordea Investment Management AB increased its holdings in shares of eBay by 3.8% during the 4th quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock worth $573,220,000 after purchasing an additional 335,035 shares during the period. Institutional investors own 87.48% of the company’s stock.

eBay Stock Performance

Shares of NASDAQ:EBAY opened at $69.33 on Thursday. The business has a fifty day moving average of $65.53 and a 200-day moving average of $63.13. 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 $42.97 and a twelve month high of $71.52. The firm has a market cap of $33.21 billion, a PE ratio of 17.42, a price-to-earnings-growth ratio of 2.23 and a beta of 1.35.

Analyst Ratings Changes

Several research firms recently weighed in on EBAY. Jefferies Financial Group cut shares of eBay from a “hold” rating to an “underperform” rating and reduced their target price for the company from $60.00 to $52.00 in a research note on Tuesday, December 10th. JMP Securities reissued a “market perform” rating on shares of eBay in a report on Monday, December 16th. Morgan Stanley boosted their price objective on eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. UBS Group reduced their target price on eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Finally, Benchmark reissued a “buy” rating and issued a $65.00 price target on shares of eBay in a report on Tuesday, October 29th. Two research 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’s stock. According to data from MarketBeat.com, eBay currently has an average rating of “Hold” and a consensus target price of $63.13.

Insider Buying and Selling at eBay

In related news, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total value of $355,556.25. Following the completion of the sale, the chief executive officer now owns 531,167 shares of the company’s stock, valued at $33,575,066.07. This trade represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Stephen J. Priest sold 5,252 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $63.63, for a total transaction of $334,184.76. Following the completion of the transaction, the chief financial officer now owns 65,080 shares of the company’s stock, valued at $4,141,040.40. This trade represents a 7.47 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,149 shares of company stock worth $1,746,065. 0.38% of the stock is currently owned by corporate insiders.

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.