Yacktman Asset Management LP Sells 236,223 Shares of eBay Inc. (NASDAQ:EBAY)

Yacktman Asset Management LP trimmed its position in eBay Inc. (NASDAQ:EBAY) by 8.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,481,261 shares of the e-commerce company’s stock after selling 236,223 shares during the quarter. eBay accounts for 1.8% of Yacktman Asset Management LP’s holdings, making the stock its 21st largest holding. Yacktman Asset Management LP owned about 0.52% of eBay worth $153,714,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Golden State Wealth Management LLC purchased a new stake in eBay in the fourth quarter worth about $27,000. Quarry LP purchased a new position in eBay during the third quarter valued at approximately $36,000. New Wave Wealth Advisors LLC bought a new position in eBay in the fourth quarter worth approximately $36,000. Northwest Investment Counselors LLC purchased a new stake in eBay during the third quarter worth $50,000. Finally, Versant Capital Management Inc lifted its holdings in eBay by 115.5% during the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after buying an additional 448 shares during the period. Institutional investors own 87.48% of the company’s stock.

Insider Buying and Selling at eBay

In related news, SVP Cornelius Boone sold 3,989 shares of eBay stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total transaction of $260,082.80. Following the completion of the transaction, the senior vice president now directly owns 71,469 shares in the company, valued at approximately $4,659,778.80. This trade represents a 5.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 531,167 shares of the company’s stock, valued at $33,575,066.07. The trade was a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,149 shares of company stock worth $1,746,065. Insiders own 0.38% of the company’s stock.

eBay Trading Up 0.6 %

NASDAQ EBAY opened at $68.26 on Tuesday. eBay Inc. has a 1 year low of $40.74 and a 1 year high of $71.52. 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 company has a market capitalization of $32.70 billion, a PE ratio of 17.15, a P/E/G ratio of 2.15 and a beta of 1.35. The company has a fifty day moving average of $64.76 and a 200 day moving average of $62.44.

Analysts Set New Price Targets

EBAY has been the subject of several recent research reports. Mizuho boosted their price target on eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Robert W. Baird reduced their target price on shares of eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft cut their price objective on shares of eBay from $70.00 to $63.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Benchmark reissued a “buy” rating and set a $65.00 target price on shares of eBay in a research report on Tuesday, October 29th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of eBay in a report on Monday, December 16th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, eBay has an average rating of “Hold” and a consensus price target of $62.92.

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.