Arlington Partners LLC Cuts Stake in eBay Inc. (NASDAQ:EBAY)

Arlington Partners LLC reduced its position in shares of eBay Inc. (NASDAQ:EBAY) by 3.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 69,246 shares of the e-commerce company’s stock after selling 2,519 shares during the quarter. eBay makes up about 1.7% of Arlington Partners LLC’s holdings, making the stock its 23rd biggest holding. Arlington Partners LLC’s holdings in eBay were worth $4,290,000 at the end of the most recent reporting period.

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

Insider Activity

In other news, SVP Cornelius Boone sold 3,989 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total transaction of $260,082.80. Following the sale, the senior vice president now owns 71,469 shares of the company’s stock, valued at $4,659,778.80. This trade represents a 5.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Stephen J. Priest sold 5,252 shares of the firm’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 sale, the chief financial officer now directly owns 65,080 shares in the company, valued at approximately $4,141,040.40. The trade was a 7.47 % 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 $1,746,065 in the last 90 days. 0.38% of the stock is currently owned by insiders.

eBay Stock Performance

Shares of NASDAQ EBAY opened at $67.83 on Monday. The firm’s 50-day moving average price is $64.76 and its 200-day moving average price is $62.38. 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 cap of $32.49 billion, a PE ratio of 17.04, a PEG ratio of 2.15 and a beta of 1.35. eBay Inc. has a 52-week low of $40.74 and a 52-week high of $71.52.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Needham & Company LLC reiterated a “buy” rating and set a $72.00 price target on shares of eBay in a report on Thursday, October 31st. Morgan Stanley upped their price objective on shares of eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Sanford C. Bernstein upgraded shares of eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price objective for the company in a report on Tuesday, November 5th. StockNews.com lowered shares of eBay from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Finally, Wells Fargo & Company upped their price objective on shares of eBay from $59.00 to $61.00 and gave the stock an “equal weight” rating in a report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $62.92.

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.