Deseret Mutual Benefit Administrators Boosts Holdings in eBay Inc. (NASDAQ:EBAY)

Deseret Mutual Benefit Administrators raised its stake in eBay Inc. (NASDAQ:EBAY) by 23.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,860 shares of the e-commerce company’s stock after acquiring an additional 1,512 shares during the quarter. Deseret Mutual Benefit Administrators’ holdings in eBay were worth $487,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new position in eBay in the fourth quarter valued at approximately $27,000. Quarry LP bought a new stake in shares of eBay in the third quarter valued at $36,000. New Wave Wealth Advisors LLC bought a new stake in shares of eBay in the fourth quarter valued at $36,000. Versant Capital Management Inc lifted its position in shares of eBay by 115.5% during the 4th 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 during the last quarter. Finally, Financial Management Professionals Inc. grew its stake in shares of eBay by 276.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock worth $55,000 after acquiring an additional 621 shares during the period. 87.48% of the stock is owned by institutional investors.

eBay Price Performance

EBAY opened at $69.39 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $33.24 billion, a P/E ratio of 17.43, a PEG ratio of 2.21 and a beta of 1.35. The stock has a 50-day moving average price of $65.76 and a 200-day moving average price of $63.22. eBay Inc. has a 12-month low of $43.12 and a 12-month high of $71.52.

Analyst Upgrades and Downgrades

EBAY has been the topic of a number of research reports. StockNews.com cut eBay from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Stifel Nicolaus boosted their price target on shares of eBay from $56.00 to $64.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Morgan Stanley raised their price objective on shares of eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Wells Fargo & Company lifted their price objective on shares of eBay from $59.00 to $61.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. Finally, Citigroup increased their target price on eBay from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $63.13.

Insider Buying and Selling

In related news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $67.25, for a total value of $378,281.25. Following the transaction, the chief executive officer now owns 530,998 shares in the company, valued at $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 is available through the SEC website. Also, SVP Cornelius Boone sold 3,989 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total transaction of $260,082.80. Following the sale, the senior vice president now owns 71,469 shares of the company’s stock, 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. Insiders sold 27,149 shares of company stock worth $1,746,065 in the last quarter. 0.38% of the stock is owned by insiders.

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.