D.A. Davidson & CO. Has $1.58 Million Stock Position in eBay Inc. (NASDAQ:EBAY)

D.A. Davidson & CO. lowered its stake in eBay Inc. (NASDAQ:EBAYFree Report) by 17.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,861 shares of the e-commerce company’s stock after selling 7,537 shares during the quarter. D.A. Davidson & CO.’s holdings in eBay were worth $1,581,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. raised its position in shares of eBay by 272.2% in the second quarter. China Universal Asset Management Co. Ltd. now owns 603 shares of the e-commerce company’s stock worth $27,000 after buying an additional 441 shares in the last quarter. SkyView Investment Advisors LLC purchased a new stake in shares of eBay in the 1st quarter valued at about $27,000. Union Savings Bank bought a new stake in shares of eBay during the 2nd quarter valued at about $28,000. Almanack Investment Partners LLC. purchased a new position in shares of eBay during the third quarter worth about $28,000. Finally, Stonebridge Capital Advisors LLC bought a new position in shares of eBay in the fourth quarter worth approximately $29,000. Hedge funds and other institutional investors own 85.87% of the company’s stock.

Insider Activity

In other news, SVP Cornelius Boone sold 4,930 shares of the stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $42.66, for a total transaction of $210,313.80. Following the completion of the sale, the senior vice president now owns 49,897 shares of the company’s stock, valued at $2,128,606.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Benchmark decreased their price objective on shares of eBay from $60.00 to $56.00 and set a “buy” rating on the stock in a research report on Wednesday, November 8th. BMO Capital Markets assumed coverage on shares of eBay in a research report on Tuesday, January 9th. They issued a “market perform” rating and a $49.00 price objective on the stock. Wells Fargo & Company decreased their price objective on shares of eBay from $46.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. StockNews.com upgraded shares of eBay from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Truist Financial decreased their price objective on shares of eBay from $54.00 to $47.00 and set a “hold” rating on the stock in a research report on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, eBay currently has a consensus rating of “Hold” and an average price target of $47.75.

Read Our Latest Stock Report on EBAY

eBay Stock Performance

NASDAQ:EBAY opened at $42.43 on Friday. The firm has a market cap of $22.02 billion, a PE ratio of 8.39, a price-to-earnings-growth ratio of 1.88 and a beta of 1.30. eBay Inc. has a fifty-two week low of $37.17 and a fifty-two week high of $49.66. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.16 and a current ratio of 2.16. The business has a 50 day moving average price of $42.23 and a 200-day moving average price of $42.38.

eBay Profile

(Free Report)

eBay Inc operates marketplace platforms that connect buyers and sellers in the United States and internationally. The company's marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps. Its platforms enable users to list, buy, and sell various products. The company was founded in 1995 and is headquartered in San Jose, California.

Further Reading

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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