eBay Inc. (NASDAQ:EBAY) Shares Sold by Brighton Jones LLC

Brighton Jones LLC cut its stake in eBay Inc. (NASDAQ:EBAY) by 29.6% in the fourth quarter, Holdings Channel reports. The firm owned 5,198 shares of the e-commerce company’s stock after selling 2,190 shares during the period. Brighton Jones LLC’s holdings in eBay were worth $322,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of EBAY. Nordea Investment Management AB raised its stake in shares of eBay by 3.8% in the fourth quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock worth $573,220,000 after purchasing an additional 335,035 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in eBay by 4.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,447,627 shares of the e-commerce company’s stock worth $354,695,000 after buying an additional 216,162 shares during the period. Smead Capital Management Inc. raised its position in eBay by 3.5% during the 3rd quarter. Smead Capital Management Inc. now owns 3,725,760 shares of the e-commerce company’s stock worth $242,584,000 after buying an additional 125,708 shares during the last quarter. Wellington Management Group LLP acquired a new stake in eBay during the 3rd quarter valued at approximately $105,506,000. Finally, Truist Financial Corp boosted its holdings in shares of eBay by 45.4% in the 2nd quarter. Truist Financial Corp now owns 1,089,998 shares of the e-commerce company’s stock valued at $58,555,000 after acquiring an additional 340,120 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Wall Street Analyst Weigh In

EBAY has been the subject of a number of research reports. Truist Financial boosted their target price on shares of eBay from $58.00 to $62.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. The Goldman Sachs Group boosted their price objective on eBay from $46.00 to $55.00 and gave the company a “sell” rating in a report on Tuesday, October 15th. Morgan Stanley raised their target price on eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. TD Cowen boosted their price target on eBay from $45.00 to $54.00 and gave the company a “hold” rating in a report on Friday, October 25th. Finally, StockNews.com cut shares of eBay from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, eBay presently has a consensus rating of “Hold” and a consensus price target of $62.83.

Insiders Place Their Bets

In other news, SVP Cornelius Boone sold 3,989 shares of eBay stock in a transaction 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Stephen J. Priest sold 5,252 shares of the company’s stock in a transaction dated 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 directly owns 65,080 shares of the company’s stock, valued at $4,141,040.40. This represents a 7.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,149 shares of company stock valued at $1,704,778 in the last ninety days. 0.38% of the stock is currently owned by corporate insiders.

eBay Stock Performance

NASDAQ:EBAY opened at $66.84 on Tuesday. The company has a market cap of $32.02 billion, a P/E ratio of 16.79, a P/E/G ratio of 2.02 and a beta of 1.35. eBay Inc. has a twelve month low of $40.74 and a twelve month high of $71.52. The company’s 50-day moving average price is $63.92 and its 200-day moving average price is $61.51. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

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.