Stratos Wealth Partners LTD. Reduces Stock Position in eBay Inc. (NASDAQ:EBAY)

Stratos Wealth Partners LTD. cut its stake in eBay Inc. (NASDAQ:EBAY) by 3.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,303 shares of the e-commerce company’s stock after selling 235 shares during the period. Stratos Wealth Partners LTD.’s holdings in eBay were worth $391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in eBay by 0.3% in the third 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 acquiring an additional 153 shares during the last quarter. Cypress Wealth Services LLC lifted its holdings in eBay by 4.7% in the fourth quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company’s stock valued at $216,000 after acquiring an additional 157 shares during the last quarter. Capital Investment Advisors LLC lifted its holdings in eBay by 4.1% in the fourth quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company’s stock valued at $262,000 after acquiring an additional 167 shares during the last quarter. Optas LLC lifted its holdings in eBay by 0.5% in the third quarter. Optas LLC now owns 34,082 shares of the e-commerce company’s stock valued at $2,219,000 after acquiring an additional 171 shares during the last quarter. Finally, Kathmere Capital Management LLC lifted its holdings in eBay by 1.2% in the fourth quarter. Kathmere Capital Management LLC now owns 14,250 shares of the e-commerce company’s stock valued at $883,000 after acquiring an additional 173 shares during the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at eBay

In related news, CFO Stephen J. Priest sold 1,033 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $64.93, for a total value of $67,072.69. Following the completion of the sale, the chief financial officer now owns 65,080 shares in the company, valued at $4,225,644.40. This trade represents a 1.56 % decrease in their ownership of the stock. 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 the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $67.25, for a total transaction of $378,281.25. Following the completion of the sale, the chief executive officer now owns 530,998 shares of the company’s stock, valued at approximately $35,709,615.50. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,149 shares of company stock worth $1,746,065 over the last 90 days. Company insiders own 0.38% of the company’s stock.

eBay Price Performance

Shares of EBAY opened at $67.94 on Thursday. eBay Inc. has a fifty-two week low of $40.74 and a fifty-two week high of $71.52. The company has a market capitalization of $32.54 billion, a price-to-earnings ratio of 17.07, a price-to-earnings-growth ratio of 2.15 and a beta of 1.35. The firm has a 50-day simple moving average of $64.97 and a 200-day simple moving average of $62.64. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Citigroup upped their price objective on eBay from $68.00 to $75.00 and gave the company a “buy” rating in a report on Friday, January 3rd. JMP Securities reiterated a “market perform” rating on shares of eBay in a report on Monday, December 16th. Stifel Nicolaus upped their price objective on eBay from $56.00 to $64.00 and gave the company a “hold” rating in a report on Monday, October 28th. Piper Sandler upped their price target on eBay from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Finally, UBS Group decreased their price target on eBay from $72.00 to $66.00 and set a “neutral” 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 given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $62.92.

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.