Flagship Harbor Advisors LLC Trims Stake in eBay Inc. (NASDAQ:EBAY)

Flagship Harbor Advisors LLC lessened its position in eBay Inc. (NASDAQ:EBAY) by 6.1% in the fourth quarter, HoldingsChannel reports. The firm owned 6,961 shares of the e-commerce company’s stock after selling 451 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in eBay were worth $431,000 as of its most recent SEC filing.

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

eBay Stock Up 0.5 %

Shares of EBAY stock opened at $67.19 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 12 month low of $40.74 and a 12 month high of $71.52. The stock has a market cap of $32.18 billion, a P/E ratio of 16.88, a P/E/G ratio of 2.02 and a beta of 1.35. The company has a 50 day simple moving average of $64.03 and a two-hundred day simple moving average of $61.60.

Insider Transactions at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total value of $355,556.25. Following the completion of the sale, the chief executive officer now owns 531,167 shares in the company, valued at $33,575,066.07. This represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Stephen J. Priest sold 5,252 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $63.63, for a total value of $334,184.76. Following the completion of the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,141,040.40. This trade represents a 7.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,149 shares of company stock worth $1,704,778 in the last three months. Corporate insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. StockNews.com cut eBay from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. cut their target price on eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. UBS Group reduced their price target on eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Truist Financial upped their price target on shares of eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Finally, Piper Sandler raised their price objective on shares of eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Two 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. Based on data from MarketBeat, eBay has a consensus rating of “Hold” and a consensus price target of $62.83.

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.