4,502 Shares in eBay Inc. (NASDAQ:EBAY) Purchased by WP Advisors LLC

WP Advisors LLC acquired a new position in shares of eBay Inc. (NASDAQ:EBAY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,502 shares of the e-commerce company’s stock, valued at approximately $279,000.

Several other large investors have also made changes to their positions in EBAY. Wealth Group Ltd. acquired a new position in shares of eBay during the 3rd quarter worth about $543,000. Creative Planning raised its holdings in eBay by 5.4% in the 3rd quarter. Creative Planning now owns 65,816 shares of the e-commerce company’s stock valued at $4,285,000 after acquiring an additional 3,401 shares in the last quarter. Blue Trust Inc. raised its holdings in eBay by 372.7% in the 3rd quarter. Blue Trust Inc. now owns 5,053 shares of the e-commerce company’s stock valued at $329,000 after acquiring an additional 3,984 shares in the last quarter. Foundations Investment Advisors LLC raised its holdings in eBay by 13.0% in the 3rd quarter. Foundations Investment Advisors LLC now owns 4,955 shares of the e-commerce company’s stock valued at $323,000 after acquiring an additional 569 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in eBay by 4.8% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 14,101 shares of the e-commerce company’s stock valued at $918,000 after acquiring an additional 643 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on EBAY. Bank of America cut their price target on eBay from $67.00 to $64.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. StockNews.com cut eBay from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Robert W. Baird cut their price target on eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Citigroup upped their price target on eBay from $75.00 to $80.00 and gave the company a “buy” rating in a report on Friday, February 14th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on eBay from $70.00 to $63.00 and set a “buy” rating for the company in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock 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 the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total value of $378,281.25. Following the transaction, the chief executive officer now owns 530,998 shares of the company’s stock, valued at $35,709,615.50. This represents a 1.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 27,149 shares of company stock valued at $1,746,065 in the last 90 days. 0.38% of the stock is owned by company insiders.

eBay Stock Performance

EBAY stock opened at $69.46 on Friday. The business’s fifty day moving average is $65.65 and its 200-day moving average is $63.17. 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 market cap of $33.27 billion, a P/E ratio of 17.45, a price-to-earnings-growth ratio of 2.23 and a beta of 1.35. eBay Inc. has a twelve month low of $43.09 and a twelve month high of $71.52.

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.