D.A. Davidson & CO. Decreases Stake in eBay Inc. (NASDAQ:EBAY)

D.A. Davidson & CO. trimmed its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,273 shares of the e-commerce company’s stock after selling 248 shares during the quarter. D.A. Davidson & CO.’s holdings in eBay were worth $884,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of EBAY. Cypress Wealth Services LLC grew its stake in eBay by 4.7% during the 4th quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company’s stock valued at $216,000 after purchasing an additional 157 shares in the last quarter. Capital Investment Advisors LLC grew its position in shares of 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 buying an additional 167 shares in the last quarter. Optas LLC increased its stake in shares of eBay by 0.5% in the third quarter. Optas LLC now owns 34,082 shares of the e-commerce company’s stock worth $2,219,000 after buying an additional 171 shares during the last quarter. Kathmere Capital Management LLC raised its holdings in eBay by 1.2% in the fourth quarter. Kathmere Capital Management LLC now owns 14,250 shares of the e-commerce company’s stock valued at $883,000 after acquiring an additional 173 shares in the last quarter. Finally, Arvest Investments Inc. boosted its stake in eBay by 1.2% during the 3rd quarter. Arvest Investments Inc. now owns 15,205 shares of the e-commerce company’s stock valued at $990,000 after acquiring an additional 183 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. JMP Securities reissued a “market perform” rating on shares of eBay in a research report on Monday, December 16th. Stifel Nicolaus boosted their price objective on eBay from $56.00 to $64.00 and gave the company a “hold” rating in a report on Monday, October 28th. Piper Sandler upped their price objective on eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Wells Fargo & Company lifted their target price on eBay from $59.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Monday, February 3rd. Finally, UBS Group dropped their price target on eBay from $72.00 to $66.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, eBay has a consensus rating of “Hold” and a consensus target price of $63.13.

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 stock was sold at an average price of $63.63, for a total transaction of $334,184.76. Following the completion of the transaction, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at approximately $4,141,040.40. This trade 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, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Monday, February 3rd. The shares were 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 in the company, valued at approximately $35,709,615.50. This trade represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,149 shares of company stock valued at $1,746,065. Company insiders own 0.38% of the company’s stock.

eBay Price Performance

Shares of EBAY opened at $69.39 on Monday. eBay Inc. has a one year low of $43.12 and a one year high of $71.52. The stock’s fifty day moving average is $65.87 and its 200-day moving average is $63.43. 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 firm has a market capitalization of $33.24 billion, a price-to-earnings ratio of 17.43, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35.

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.