Truist Financial Corp Increases Holdings in eBay Inc. (NASDAQ:EBAY)

Truist Financial Corp boosted its position in eBay Inc. (NASDAQ:EBAY) by 5.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,131,477 shares of the e-commerce company’s stock after purchasing an additional 56,463 shares during the period. Truist Financial Corp’s holdings in eBay were worth $70,095,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC bought a new stake in shares of eBay in the 4th quarter worth approximately $27,000. Quarry LP purchased a new position in eBay in the 3rd quarter worth $36,000. New Wave Wealth Advisors LLC bought a new stake in eBay in the fourth quarter worth $36,000. Northwest Investment Counselors LLC purchased a new stake in eBay during the third quarter valued at about $50,000. Finally, Versant Capital Management Inc grew its stake in shares of eBay by 115.5% during 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 during the last quarter. 87.48% of the stock is currently owned by institutional investors.

eBay Price Performance

Shares of EBAY stock opened at $69.90 on Tuesday. The business’s fifty day moving average is $65.30 and its 200 day moving average is $62.94. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The stock has a market cap of $33.48 billion, a price-to-earnings ratio of 17.56, a PEG ratio of 2.15 and a beta of 1.35. eBay Inc. has a twelve month low of $42.14 and a twelve month high of $71.52.

Analyst Ratings Changes

EBAY has been the subject of a number of recent research reports. TD Cowen boosted their target price on eBay from $45.00 to $54.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Truist Financial boosted their price objective on eBay from $58.00 to $62.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Stifel Nicolaus raised their target price on shares of eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Robert W. Baird lowered their price target 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. Finally, Wedbush began coverage on shares of eBay in a report on Monday, December 9th. They issued a “neutral” rating and a $70.00 price target on the stock. Two 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. Based on data from MarketBeat, eBay has an average rating of “Hold” and an average price target of $63.13.

Insider Activity

In other news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 531,167 shares in the company, valued at approximately $33,575,066.07. This trade represents a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Stephen J. Priest sold 1,033 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $64.93, for a total value of $67,072.69. Following the completion of the sale, the chief financial officer now owns 65,080 shares in the company, valued at $4,225,644.40. The trade was a 1.56 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,149 shares of company stock worth $1,746,065. Corporate insiders own 0.38% of the company’s stock.

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.