Principal Securities Inc. Acquires 810 Shares of eBay Inc. (NASDAQ:EBAY)

Principal Securities Inc. increased its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 3.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,920 shares of the e-commerce company’s stock after purchasing an additional 810 shares during the period. Principal Securities Inc.’s holdings in eBay were worth $1,730,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of EBAY. Wealth Group Ltd. acquired a new position in shares of eBay in the third quarter valued at approximately $543,000. Creative Planning lifted its position in eBay by 5.4% in the 3rd quarter. Creative Planning now owns 65,816 shares of the e-commerce company’s stock valued at $4,285,000 after acquiring an additional 3,401 shares in the last quarter. Blue Trust Inc. boosted its stake in eBay by 372.7% in the 3rd quarter. Blue Trust Inc. now owns 5,053 shares of the e-commerce company’s stock worth $329,000 after purchasing an additional 3,984 shares during the period. Northwest Investment Counselors LLC bought a new position in eBay during the 3rd quarter worth about $50,000. Finally, Foundations Investment Advisors LLC raised its stake in shares of eBay by 13.0% in the 3rd quarter. Foundations Investment Advisors LLC now owns 4,955 shares of the e-commerce company’s stock valued at $323,000 after purchasing an additional 569 shares during the period. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other eBay news, SVP Cornelius Boone sold 3,989 shares of eBay stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total value of $260,082.80. Following the transaction, the senior vice president now owns 71,469 shares in the company, valued at $4,659,778.80. The trade was a 5.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Stephen J. Priest sold 5,252 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $63.63, for a total transaction of $334,184.76. Following the completion of the sale, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,141,040.40. The trade was a 7.47 % 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 worth $1,746,065. Corporate insiders own 0.38% of the company’s stock.

eBay Price Performance

EBAY stock opened at $69.82 on Wednesday. The company’s 50-day moving average price is $65.40 and its two-hundred day moving average price is $63.03. eBay Inc. has a 12 month low of $42.97 and a 12 month high of $71.52. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm has a market cap of $33.44 billion, a P/E ratio of 17.54, a P/E/G ratio of 2.15 and a beta of 1.35.

Analysts Set New Price Targets

Several research analysts have recently weighed in on EBAY shares. Deutsche Bank Aktiengesellschaft reduced their price objective on eBay from $70.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Wells Fargo & Company raised their price target on shares of eBay from $59.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Monday, February 3rd. Needham & Company LLC reissued a “buy” rating and issued a $72.00 price objective on shares of eBay in a research report on Thursday, October 31st. StockNews.com cut shares of eBay from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Finally, Stifel Nicolaus lifted their price target on shares of eBay from $56.00 to $64.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, eBay presently has a consensus rating of “Hold” and an average price target of $63.13.

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.