Fifth Third Bancorp Has $1.62 Million Position in eBay Inc. (NASDAQ:EBAY)

Fifth Third Bancorp trimmed its stake in shares of eBay Inc. (NASDAQ:EBAY) by 30.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,149 shares of the e-commerce company’s stock after selling 11,676 shares during the quarter. Fifth Third Bancorp’s holdings in eBay were worth $1,620,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in EBAY. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of eBay by 0.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company’s stock worth $3,418,000 after buying an additional 153 shares during the last quarter. Cypress Wealth Services LLC boosted its holdings in shares of eBay by 4.7% during the 4th quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company’s stock valued at $216,000 after acquiring an additional 157 shares in the last quarter. Capital Investment Advisors LLC grew its position in eBay by 4.1% during the 4th quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company’s stock worth $262,000 after acquiring an additional 167 shares during the last quarter. Optas LLC increased its holdings in eBay by 0.5% in the 3rd quarter. Optas LLC now owns 34,082 shares of the e-commerce company’s stock worth $2,219,000 after purchasing an additional 171 shares in the last quarter. Finally, Kathmere Capital Management LLC raised its position in eBay by 1.2% in the fourth quarter. Kathmere Capital Management LLC now owns 14,250 shares of the e-commerce company’s stock valued at $883,000 after purchasing an additional 173 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Stock Performance

Shares of eBay stock opened at $67.19 on Wednesday. The business has a 50-day simple moving average of $64.03 and a 200 day simple moving average of $61.60. The firm has a market capitalization of $32.18 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 2.02 and a beta of 1.35. 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 one year low of $40.74 and a one year high of $71.52.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. TD Cowen boosted their price target on eBay from $45.00 to $54.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Benchmark restated a “buy” rating and issued a $65.00 price target on shares of eBay in a research report on Tuesday, October 29th. UBS Group cut their price target on shares of eBay from $72.00 to $66.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Cantor Fitzgerald restated a “neutral” rating and issued a $62.00 price objective on shares of eBay in a report on Monday, October 7th. Finally, Wells Fargo & Company cut their target price on eBay from $62.00 to $59.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, eBay has a consensus rating of “Hold” and an average target price of $62.83.

Insider Activity

In other news, CFO Stephen J. Priest sold 5,252 shares of eBay 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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total transaction of $355,556.25. Following the sale, the chief executive officer now directly owns 531,167 shares of the company’s stock, valued at approximately $33,575,066.07. The trade was a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,149 shares of company stock worth $1,704,778 over the last quarter. 0.38% of the stock is currently owned by corporate insiders.

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.