Edmp Inc. Has $1.34 Million Stake in eBay Inc. (NASDAQ:EBAY)

Edmp Inc. trimmed its position in eBay Inc. (NASDAQ:EBAY) by 2.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,694 shares of the e-commerce company’s stock after selling 459 shares during the period. Edmp Inc.’s holdings in eBay were worth $1,344,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Essex Financial Services Inc. raised its position in shares of eBay by 27.2% during the fourth quarter. Essex Financial Services Inc. now owns 4,177 shares of the e-commerce company’s stock worth $259,000 after purchasing an additional 894 shares during the period. Savant Capital LLC raised its holdings in eBay by 5.4% during the 4th quarter. Savant Capital LLC now owns 18,341 shares of the e-commerce company’s stock worth $1,136,000 after buying an additional 938 shares during the period. Newbridge Financial Services Group Inc. bought a new position in eBay in the fourth quarter valued at approximately $130,000. Stephens Inc. AR boosted its holdings in shares of eBay by 0.5% in the fourth quarter. Stephens Inc. AR now owns 91,858 shares of the e-commerce company’s stock valued at $5,691,000 after buying an additional 434 shares during the period. Finally, Thompson Investment Management Inc. increased its position in shares of eBay by 1.4% during the fourth quarter. Thompson Investment Management Inc. now owns 149,958 shares of the e-commerce company’s stock worth $9,290,000 after acquiring an additional 2,026 shares in the last quarter. Institutional investors own 87.48% of the company’s stock.

eBay Stock Performance

NASDAQ EBAY opened at $68.26 on Tuesday. The firm’s 50 day simple moving average is $64.76 and its 200 day simple moving average is $62.44. The firm has a market capitalization of $32.70 billion, a price-to-earnings ratio of 17.15, a P/E/G ratio of 2.15 and a beta of 1.35. eBay Inc. has a 1 year low of $40.74 and a 1 year high of $71.52. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

Insider Transactions at eBay

In other eBay news, CFO Stephen J. Priest sold 1,033 shares of eBay stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $64.93, for a total transaction of $67,072.69. Following the transaction, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at approximately $4,225,644.40. The trade was a 1.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $67.25, for a total value of $378,281.25. Following the completion of the sale, the chief executive officer now owns 530,998 shares in the company, valued at $35,709,615.50. This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,149 shares of company stock valued at $1,746,065. Corporate insiders own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on EBAY shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $72.00 target price on shares of eBay in a research note on Thursday, October 31st. UBS Group reduced their price objective on eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Benchmark restated a “buy” rating and issued a $65.00 target price on shares of eBay in a research note on Tuesday, October 29th. Sanford C. Bernstein upgraded shares of eBay from a “market perform” rating to an “outperform” rating and set a $70.00 target price for the company in a report on Tuesday, November 5th. Finally, Wedbush initiated coverage on eBay in a report on Monday, December 9th. They issued a “neutral” rating and a $70.00 price objective for the company. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, eBay currently has a consensus rating of “Hold” and a consensus target price of $62.92.

eBay 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.