eBay Inc. (NASDAQ:EBAY) Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. trimmed its stake in shares of eBay Inc. (NASDAQ:EBAY) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,303 shares of the e-commerce company’s stock after selling 235 shares during the period. Stratos Wealth Partners LTD.’s holdings in eBay were worth $391,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of EBAY. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of eBay by 0.3% during the 3rd 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 in the last quarter. Cypress Wealth Services LLC increased its stake in shares of eBay by 4.7% during the 4th 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 in the last quarter. Capital Investment Advisors LLC increased its stake in shares of eBay by 4.1% during the 4th 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 in the last quarter. Optas LLC increased its stake in shares of eBay by 0.5% during the 3rd 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 in the last quarter. Finally, Kathmere Capital Management LLC increased its stake in shares of eBay by 1.2% during the 4th 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 in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. TD Cowen raised their price objective on shares of eBay from $45.00 to $54.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Morgan Stanley raised their price objective on shares of eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Sanford C. Bernstein raised shares of eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price objective for the company in a research note on Tuesday, November 5th. Barclays cut their price target on eBay from $65.00 to $64.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. cut their price target on eBay from $60.00 to $58.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $62.92.

eBay Stock Performance

NASDAQ:EBAY opened at $67.94 on Thursday. 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 moving average of $64.97 and a two-hundred day moving average of $62.64. The stock has a market cap of $32.54 billion, a P/E ratio of 17.07, a PEG ratio of 2.15 and a beta of 1.35. eBay Inc. has a 1-year low of $40.74 and a 1-year high of $71.52.

Insider Buying and Selling at eBay

In other news, CFO Stephen J. Priest sold 5,252 shares of the company’s stock in a transaction dated 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 owns 65,080 shares in the company, valued at approximately $4,141,040.40. This represents a 7.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Cornelius Boone sold 3,989 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total transaction of $260,082.80. Following the completion of the sale, the senior vice president now owns 71,469 shares in the company, valued at approximately $4,659,778.80. This trade represents a 5.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,149 shares of company stock valued at $1,746,065 in the last ninety days. Insiders own 0.38% of the company’s stock.

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.