Colton Groome Financial Advisors LLC Has $803,000 Stock Position in eBay Inc. (NASDAQ:EBAY)

Colton Groome Financial Advisors LLC cut its position in eBay Inc. (NASDAQ:EBAY) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,961 shares of the e-commerce company’s stock after selling 165 shares during the quarter. Colton Groome Financial Advisors LLC’s holdings in eBay were worth $803,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Quarry LP acquired a new stake in shares of eBay in the third quarter valued at about $36,000. USA Financial Formulas acquired a new position in shares of eBay during the third quarter worth approximately $38,000. Northwest Investment Counselors LLC bought a new stake in shares of eBay in the third quarter valued at approximately $50,000. Versant Capital Management Inc grew its stake in shares of eBay by 115.5% in the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after acquiring an additional 448 shares during the last quarter. Finally, Financial Management Professionals Inc. increased its position in eBay by 276.0% during the third 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. Institutional investors own 87.48% of the company’s stock.

Insider Buying and Selling at eBay

In other eBay news, CFO Stephen J. Priest sold 5,252 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $63.63, for a total value of $334,184.76. Following the sale, the chief financial officer now directly owns 65,080 shares in the company, valued at approximately $4,141,040.40. This trade represents a 7.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the firm’s 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 directly owns 548,042 shares in the company, valued at $32,833,196.22. The trade was a 1.02 % 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 $1,704,778. Insiders own 0.38% of the company’s stock.

eBay Trading Up 1.6 %

EBAY opened at $67.03 on Thursday. eBay Inc. has a fifty-two week low of $40.74 and a fifty-two week high of $71.52. The company has a market cap of $32.11 billion, a price-to-earnings ratio of 16.85, 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. The firm has a 50 day simple moving average of $64.15 and a 200 day simple moving average of $61.69.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on EBAY shares. Deutsche Bank Aktiengesellschaft decreased their price target on shares of eBay from $70.00 to $63.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Barclays reduced their target price on eBay from $65.00 to $64.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Cantor Fitzgerald reissued a “neutral” rating and issued a $62.00 price target on shares of eBay in a report on Monday, October 7th. Piper Sandler raised their price objective on shares of eBay from $64.00 to $67.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $72.00 target price on shares of eBay in a research note on Thursday, October 31st. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $62.83.

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.