Sentry LLC Cuts Stock Position in eBay Inc. (NASDAQ:EBAY)

Sentry LLC reduced its position in eBay Inc. (NASDAQ:EBAY) by 24.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 10,307 shares of the e-commerce company’s stock after selling 3,284 shares during the quarter. Sentry LLC’s holdings in eBay were worth $639,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP purchased a new position in shares of eBay in the 3rd quarter worth about $36,000. USA Financial Formulas purchased a new position in shares of eBay in the 3rd quarter worth about $38,000. Northwest Investment Counselors LLC purchased a new position in shares of eBay in the 3rd quarter worth about $50,000. Versant Capital Management Inc boosted its holdings in shares of eBay by 115.5% in the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after purchasing an additional 448 shares in the last quarter. Finally, Financial Management Professionals Inc. boosted its holdings in shares of eBay by 276.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock worth $55,000 after purchasing an additional 621 shares in the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Cantor Fitzgerald reissued a “neutral” rating and issued a $62.00 target price on shares of eBay in a research note on Monday, October 7th. JPMorgan Chase & Co. lowered their target price on eBay from $60.00 to $58.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Wedbush started coverage on eBay in a research note on Monday, December 9th. They issued a “neutral” rating and a $70.00 target price for the company. Robert W. Baird lowered their price target on eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group upped their price target on eBay from $46.00 to $55.00 and gave the company a “sell” rating in a research report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, eBay currently has a consensus rating of “Hold” and a consensus price target of $62.83.

eBay Stock Performance

eBay stock opened at $66.00 on Thursday. 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 company has a market capitalization of $31.61 billion, a P/E ratio of 16.58, a PEG ratio of 2.02 and a beta of 1.35. The stock’s 50 day moving average is $64.15 and its 200 day moving average is $61.69. eBay Inc. has a twelve month low of $40.74 and a twelve month high of $71.52.

Insider Buying and Selling

In other eBay news, CFO Stephen J. Priest sold 5,252 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $63.63, for a total transaction of $334,184.76. Following the sale, the chief financial officer now directly owns 65,080 shares in the company, valued at approximately $4,141,040.40. This trade represents a 7.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Cornelius Boone sold 3,989 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total value of $260,082.80. Following the sale, the senior vice president now owns 71,469 shares in the company, valued at approximately $4,659,778.80. This represents a 5.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,149 shares of company stock worth $1,704,778 in the last 90 days. Insiders own 0.38% of the company’s stock.

eBay Company 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.