SOL Capital Management CO Sells 10,375 Shares of eBay Inc. (NASDAQ:EBAY)

SOL Capital Management CO decreased its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 55.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,460 shares of the e-commerce company’s stock after selling 10,375 shares during the quarter. SOL Capital Management CO’s holdings in eBay were worth $524,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Quarry LP acquired a new stake in eBay during the 3rd quarter worth $36,000. USA Financial Formulas acquired a new stake in eBay in the 3rd quarter valued at $38,000. Northwest Investment Counselors LLC bought a new stake in eBay during the third quarter worth about $50,000. Versant Capital Management Inc raised its stake in shares of eBay by 115.5% during 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. raised its position in eBay by 276.0% during the third quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock worth $55,000 after acquiring an additional 621 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Analysts Set New Price Targets

EBAY has been the topic of several research analyst reports. Jefferies Financial Group lowered eBay from a “hold” rating to an “underperform” rating and dropped their price objective for the company from $60.00 to $52.00 in a research note on Tuesday, December 10th. Bank of America cut their price objective on shares of eBay from $67.00 to $64.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Citigroup increased their target price on eBay from $68.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. 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 note on Thursday, October 31st. Finally, Barclays reduced their price target on shares of eBay from $65.00 to $64.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $62.83.

Insider Buying and Selling

In related 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 value of $334,184.76. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Monday, November 4th. The shares were sold at an average price of $59.91, for a total transaction of $336,993.75. Following the completion of the sale, the chief executive officer now directly owns 548,042 shares of the company’s stock, valued at approximately $32,833,196.22. The trade was a 1.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,149 shares of company stock valued at $1,704,778 over the last ninety days. 0.38% of the stock is owned by corporate insiders.

eBay Stock Performance

Shares of EBAY stock opened at $67.48 on Friday. The firm has a 50 day moving average of $64.38 and a 200-day moving average of $61.77. The company has a market cap of $32.32 billion, a price-to-earnings ratio of 16.95, a price-to-earnings-growth ratio of 2.11 and a beta of 1.35. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 52 week low of $40.74 and a 52 week high of $71.52.

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.