Golden State Wealth Management LLC Takes Position in eBay Inc. (NASDAQ:EBAY)

Golden State Wealth Management LLC bought a new stake in eBay Inc. (NASDAQ:EBAY) during the fourth quarter, Holdings Channel reports. The institutional investor bought 434 shares of the e-commerce company’s stock, valued at approximately $27,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP acquired a new stake in shares of eBay in the third quarter worth about $105,506,000. International Assets Investment Management LLC lifted its position in shares of eBay by 9,092.5% during the 3rd quarter. International Assets Investment Management LLC now owns 585,013 shares of the e-commerce company’s stock worth $38,090,000 after purchasing an additional 578,649 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of eBay by 599.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 538,744 shares of the e-commerce company’s stock worth $35,078,000 after purchasing an additional 461,708 shares during the last quarter. Lord Abbett & CO. LLC acquired a new position in shares of eBay during the 3rd quarter worth about $25,132,000. Finally, Nordea Investment Management AB lifted its position in shares of eBay by 3.8% during the 4th 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. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Stock Down 0.8 %

NASDAQ EBAY opened at $67.94 on Thursday. The firm has a market cap of $32.54 billion, a PE ratio of 17.07, a price-to-earnings-growth ratio of 2.15 and a beta of 1.35. eBay Inc. has a one year low of $40.74 and a one year high of $71.52. The stock’s 50 day simple moving average is $64.97 and its 200 day simple moving average is $62.64. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EBAY. Bank of America cut their price objective on eBay from $67.00 to $64.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Wedbush initiated coverage on eBay in a research note on Monday, December 9th. They set a “neutral” rating and a $70.00 price target on the stock. StockNews.com lowered eBay from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. JMP Securities restated a “market perform” rating on shares of eBay in a research note on Monday, December 16th. Finally, Jefferies Financial Group lowered eBay from a “hold” rating to an “underperform” rating and lowered their price target for the company from $60.00 to $52.00 in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $62.92.

Insider Buying and Selling

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total transaction of $378,281.25. Following the transaction, the chief executive officer now owns 530,998 shares of the company’s stock, valued at approximately $35,709,615.50. This represents a 1.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Stephen J. Priest sold 5,252 shares of the company’s 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 approximately $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 a total of 27,149 shares of company stock worth $1,746,065 in the last three months. Insiders own 0.38% of the company’s stock.

eBay Company 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.