Colton Groome Financial Advisors LLC Sells 165 Shares of eBay Inc. (NASDAQ:EBAY)

Colton Groome Financial Advisors LLC lowered its stake in eBay Inc. (NASDAQ:EBAY) by 1.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 12,961 shares of the e-commerce company’s stock after selling 165 shares during the period. Colton Groome Financial Advisors LLC’s holdings in eBay were worth $803,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wellington Management Group LLP bought a new position in eBay during the third quarter worth about $105,506,000. International Assets Investment Management LLC boosted its holdings in shares of eBay by 9,092.5% during the 3rd quarter. International Assets Investment Management LLC now owns 585,013 shares of the e-commerce company’s stock worth $38,090,000 after buying an additional 578,649 shares during the period. Janney Montgomery Scott LLC raised its holdings in eBay by 599.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 538,744 shares of the e-commerce company’s stock valued at $35,078,000 after acquiring an additional 461,708 shares during the period. Lord Abbett & CO. LLC acquired a new stake in eBay during the third quarter worth approximately $25,132,000. Finally, Truist Financial Corp lifted its position in eBay by 45.4% during the second quarter. Truist Financial Corp now owns 1,089,998 shares of the e-commerce company’s stock worth $58,555,000 after acquiring an additional 340,120 shares during the last quarter. Institutional investors own 87.48% of the company’s stock.

eBay Stock Up 1.6 %

Shares of NASDAQ:EBAY opened at $67.03 on Thursday. The company has a market capitalization of $32.11 billion, a PE ratio of 16.85, a price-to-earnings-growth ratio of 2.02 and a beta of 1.35. The business has a fifty day moving average price of $64.15 and a two-hundred day moving average price of $61.69. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. eBay Inc. has a 1 year low of $40.74 and a 1 year high of $71.52.

Insider Activity

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the firm’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 sale, the chief executive officer now owns 531,167 shares of the company’s stock, valued at $33,575,066.07. This trade represents a 1.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Cornelius Boone sold 3,989 shares of the business’s 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 directly owns 71,469 shares of the company’s stock, valued at $4,659,778.80. The trade was a 5.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,149 shares of company stock valued at $1,704,778 in the last three months. Company insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on EBAY. The Goldman Sachs Group increased their price objective on eBay from $46.00 to $55.00 and gave the stock a “sell” rating in a research report on Tuesday, October 15th. Needham & Company LLC reiterated a “buy” rating and issued a $72.00 price target on shares of eBay in a research note on Thursday, October 31st. UBS Group cut their target price on eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Wedbush started coverage on eBay in a research note on Monday, December 9th. They issued a “neutral” rating and a $70.00 price target for the company. Finally, Stifel Nicolaus increased their price objective on shares of eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $62.83.

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.