Sentry LLC Sells 3,284 Shares of eBay Inc. (NASDAQ:EBAY)

Sentry LLC reduced its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 24.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,307 shares of the e-commerce company’s stock after selling 3,284 shares during the quarter. Sentry LLC’s holdings in eBay were worth $639,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in eBay by 0.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company’s stock worth $3,418,000 after purchasing an additional 153 shares during the period. Cypress Wealth Services LLC grew its stake in eBay by 4.7% during the fourth quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company’s stock worth $216,000 after purchasing an additional 157 shares during the period. Capital Investment Advisors LLC grew its stake in eBay by 4.1% during the fourth quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company’s stock worth $262,000 after purchasing an additional 167 shares during the period. Optas LLC grew its stake in eBay by 0.5% during the third quarter. Optas LLC now owns 34,082 shares of the e-commerce company’s stock worth $2,219,000 after purchasing an additional 171 shares during the period. Finally, Kathmere Capital Management LLC grew its stake in eBay by 1.2% during the fourth quarter. Kathmere Capital Management LLC now owns 14,250 shares of the e-commerce company’s stock worth $883,000 after purchasing an additional 173 shares during the period. 87.48% of the stock is currently owned by institutional investors.

Insider Activity

In other 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 completion of the transaction, the chief executive officer now directly owns 548,042 shares in the company, valued at approximately $32,833,196.22. The trade was a 1.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Stephen J. Priest sold 1,033 shares of eBay stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $64.93, for a total value of $67,072.69. Following the completion of the transaction, the chief financial officer now owns 65,080 shares of the company’s stock, valued at approximately $4,225,644.40. This trade represents a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,149 shares of company stock worth $1,704,778. 0.38% of the stock is owned by corporate insiders.

eBay Price Performance

Shares of NASDAQ EBAY opened at $66.00 on Thursday. The stock has a market cap of $31.61 billion, a PE ratio of 16.58, a price-to-earnings-growth ratio of 2.02 and a beta of 1.35. eBay Inc. has a fifty-two week low of $40.74 and a fifty-two week high of $71.52. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a fifty day moving average of $64.15 and a 200-day moving average of $61.69.

Analyst Ratings Changes

A number of brokerages have commented on EBAY. Jefferies Financial Group cut eBay from a “hold” rating to an “underperform” rating and reduced their price objective for the company from $60.00 to $52.00 in a research note on Tuesday, December 10th. Wedbush began coverage on eBay in a research note on Monday, December 9th. They issued a “neutral” rating and a $70.00 price objective for the company. JMP Securities reissued a “market perform” rating on shares of eBay in a research note on Monday, December 16th. Stifel Nicolaus raised their price objective on eBay from $56.00 to $64.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $62.00 price objective on shares of eBay in a research note on Monday, October 7th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $62.83.

eBay Company 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.