Apollon Wealth Management LLC Decreases Stake in eBay Inc. (NASDAQ:EBAY)

Apollon Wealth Management LLC reduced its holdings in eBay Inc. (NASDAQ:EBAY) by 8.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,868 shares of the e-commerce company’s stock after selling 869 shares during the period. Apollon Wealth Management LLC’s holdings in eBay were worth $611,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Golden State Wealth Management LLC purchased a new position in eBay during the fourth quarter worth about $27,000. Quarry LP acquired a new position in shares of eBay in the third quarter valued at approximately $36,000. New Wave Wealth Advisors LLC acquired a new position in shares of eBay in the fourth quarter valued at approximately $36,000. Northwest Investment Counselors LLC purchased a new position in eBay in the third quarter worth approximately $50,000. Finally, Versant Capital Management Inc lifted its stake in eBay by 115.5% in the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after acquiring an additional 448 shares during the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other eBay news, SVP Cornelius Boone sold 3,989 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total transaction of $260,082.80. Following the completion of the sale, the senior vice president now owns 71,469 shares in the company, valued at $4,659,778.80. This trade represents a 5.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Stephen J. Priest sold 1,033 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $64.93, for a total value of $67,072.69. Following the sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at approximately $4,225,644.40. This trade represents a 1.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,149 shares of company stock valued at $1,746,065 in the last ninety days. Company insiders own 0.38% of the company’s stock.

eBay Price Performance

eBay stock opened at $67.94 on Thursday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market cap of $32.54 billion, a price-to-earnings ratio of 17.07, a PEG 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 firm has a 50 day moving average price of $64.97 and a 200 day moving average price of $62.64.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on EBAY. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of eBay from $70.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Stifel Nicolaus upped their price target on shares of eBay from $56.00 to $64.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Barclays dropped their price objective 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. Truist Financial boosted their price objective on shares of eBay from $58.00 to $62.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Finally, StockNews.com cut shares of eBay from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, eBay presently has a consensus 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.