Kestra Investment Management LLC Acquires 7,074 Shares of eBay Inc. (NASDAQ:EBAY)

Kestra Investment Management LLC grew its holdings in eBay Inc. (NASDAQ:EBAY) by 172.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,175 shares of the e-commerce company’s stock after acquiring an additional 7,074 shares during the period. Kestra Investment Management LLC’s holdings in eBay were worth $692,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in EBAY. Wealth Group Ltd. bought a new stake in eBay in the third quarter worth approximately $543,000. Creative Planning boosted its holdings in shares of eBay by 5.4% during the 3rd quarter. Creative Planning now owns 65,816 shares of the e-commerce company’s stock worth $4,285,000 after buying an additional 3,401 shares during the period. Blue Trust Inc. boosted its holdings in shares of eBay by 372.7% during the 3rd quarter. Blue Trust Inc. now owns 5,053 shares of the e-commerce company’s stock worth $329,000 after buying an additional 3,984 shares during the period. Northwest Investment Counselors LLC bought a new stake in shares of eBay during the 3rd quarter worth $50,000. Finally, Foundations Investment Advisors LLC boosted its holdings in shares of eBay by 13.0% during the 3rd quarter. Foundations Investment Advisors LLC now owns 4,955 shares of the e-commerce company’s stock worth $323,000 after buying an additional 569 shares during the period. 87.48% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 531,167 shares in the company, valued at $33,575,066.07. This trade represents a 1.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Stephen J. Priest sold 5,252 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $63.63, for a total transaction of $334,184.76. Following the sale, 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. Insiders sold 27,149 shares of company stock worth $1,746,065 in the last quarter. 0.38% of the stock is owned by corporate insiders.

eBay Trading Down 0.1 %

Shares of eBay stock opened at $69.82 on Wednesday. The stock has a market capitalization of $33.44 billion, a P/E ratio of 17.54, a price-to-earnings-growth ratio of 2.15 and a beta of 1.35. 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 company has a 50-day simple moving average of $65.40 and a 200 day simple moving average of $63.03. eBay Inc. has a 12-month low of $42.97 and a 12-month high of $71.52.

Wall Street Analyst Weigh In

EBAY has been the subject of several recent analyst reports. TD Cowen upped their price objective on shares of eBay from $45.00 to $54.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Morgan Stanley upped 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. Needham & Company LLC reaffirmed a “buy” rating and set a $72.00 price objective on shares of eBay in a report on Thursday, October 31st. Wedbush began coverage on shares of eBay in a research note on Monday, December 9th. They set a “neutral” rating and a $70.00 target price for the company. Finally, UBS Group cut their target price on shares of eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $63.13.

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.