Columbus Macro LLC Buys 1,723 Shares of eBay Inc. (NASDAQ:EBAY)

Columbus Macro LLC boosted its stake in shares of eBay Inc. (NASDAQ:EBAY) by 55.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,809 shares of the e-commerce company’s stock after buying an additional 1,723 shares during the quarter. Columbus Macro LLC’s holdings in eBay were worth $298,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in EBAY. Private Advisor Group LLC lifted its stake in shares of eBay by 90.7% in the third quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company’s stock worth $2,963,000 after acquiring an additional 21,636 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of eBay by 2.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company’s stock worth $3,489,000 after purchasing an additional 1,063 shares during the period. Prospera Financial Services Inc boosted its stake in shares of eBay by 794.2% in the 3rd quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock valued at $4,598,000 after purchasing an additional 62,719 shares during the last quarter. Trustmark National Bank Trust Department acquired a new stake in shares of eBay during the third quarter worth $1,307,000. Finally, Nordea Investment Management AB raised its stake in eBay by 3.8% during the fourth quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock worth $573,220,000 after buying an additional 335,035 shares during the last quarter. Institutional investors own 87.48% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on EBAY shares. Citigroup upped their price target on shares of eBay from $68.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Stifel Nicolaus raised their target price on eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Jefferies Financial Group downgraded eBay from a “hold” rating to an “underperform” rating and lowered their target price for the stock from $60.00 to $52.00 in a report on Tuesday, December 10th. Benchmark restated a “buy” rating and set a $65.00 price target on shares of eBay in a report on Tuesday, October 29th. Finally, Wells Fargo & Company lifted their price objective on shares of eBay from $59.00 to $61.00 and gave the company an “equal weight” rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, eBay currently has an average rating of “Hold” and a consensus target price of $62.92.

eBay Stock Performance

Shares of EBAY stock opened at $66.95 on Wednesday. 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 $64.51 and a 200-day moving average of $62.05. eBay Inc. has a one year low of $40.74 and a one year high of $71.52. The company has a market cap of $32.07 billion, a P/E ratio of 16.82, a P/E/G ratio of 2.15 and a beta of 1.35.

Insider Buying and Selling at eBay

In other eBay news, CFO Stephen J. Priest sold 5,252 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $63.63, for a total value of $334,184.76. Following the transaction, the chief financial officer now owns 65,080 shares of the company’s stock, valued at approximately $4,141,040.40. The trade was a 7.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total value of $355,556.25. Following the sale, the chief executive officer now directly owns 531,167 shares of the company’s stock, valued at approximately $33,575,066.07. This 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 sold 21,524 shares of company stock worth $1,367,784. Insiders own 0.38% of the company’s stock.

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.