Buttonwood Financial Advisors Inc. Reduces Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Buttonwood Financial Advisors Inc. reduced its holdings in shares of eBay Inc. (NASDAQ:EBAYFree Report) by 20.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,710 shares of the e-commerce company’s stock after selling 1,448 shares during the quarter. Buttonwood Financial Advisors Inc.’s holdings in eBay were worth $354,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Nordea Investment Management AB increased its holdings in shares of eBay by 3.8% during the fourth quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock valued at $573,220,000 after acquiring an additional 335,035 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in eBay by 4.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,447,627 shares of the e-commerce company’s stock valued at $354,695,000 after purchasing an additional 216,162 shares in the last quarter. Smead Capital Management Inc. raised its holdings in shares of eBay by 3.5% in the third quarter. Smead Capital Management Inc. now owns 3,725,760 shares of the e-commerce company’s stock worth $242,584,000 after buying an additional 125,708 shares during the last quarter. Wellington Management Group LLP acquired a new stake in shares of eBay during the third quarter worth $105,506,000. Finally, Truist Financial Corp grew its holdings in shares of eBay by 45.4% during the second quarter. Truist Financial Corp now owns 1,089,998 shares of the e-commerce company’s stock valued at $58,555,000 after buying an additional 340,120 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Price Performance

EBAY stock opened at $64.81 on Monday. The business has a 50 day simple moving average of $63.92 and a 200-day simple moving average of $61.45. The firm has a market capitalization of $31.04 billion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 2.02 and a beta of 1.35. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. eBay Inc. has a 1 year low of $40.74 and a 1 year high of $71.52.

Analyst Ratings Changes

A number of equities analysts recently issued reports on EBAY shares. Citigroup raised their target price on eBay from $68.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. StockNews.com downgraded eBay from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Deutsche Bank Aktiengesellschaft dropped their target price on eBay from $70.00 to $63.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Cantor Fitzgerald reissued a “neutral” rating and set a $62.00 price target on shares of eBay in a research report on Monday, October 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $72.00 price objective on shares of eBay in a report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $62.83.

View Our Latest Analysis on EBAY

Insiders Place Their Bets

In other eBay news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Monday, November 4th. The stock was sold at an average price of $59.91, for a total value of $336,993.75. Following the sale, the chief executive officer now owns 548,042 shares in the company, valued at $32,833,196.22. The trade was a 1.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Stephen J. Priest sold 5,252 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $63.63, for a total value of $334,184.76. Following the transaction, the chief financial officer now owns 65,080 shares of the company’s stock, valued at approximately $4,141,040.40. This represents a 7.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,149 shares of company stock valued at $1,704,778 in the last three months. 0.38% of the stock is currently owned by insiders.

About eBay

(Free Report)

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.

See Also

Want to see what other hedge funds are holding EBAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eBay Inc. (NASDAQ:EBAYFree Report).

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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