Savant Capital LLC Acquires 938 Shares of eBay Inc. (NASDAQ:EBAY)

Savant Capital LLC increased its holdings in eBay Inc. (NASDAQ:EBAY) by 5.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 18,341 shares of the e-commerce company’s stock after purchasing an additional 938 shares during the period. Savant Capital LLC’s holdings in eBay were worth $1,136,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Wealth Group Ltd. purchased a new position in shares of eBay in the 3rd quarter worth $543,000. Exchange Traded Concepts LLC boosted its position in eBay by 3,496.6% in the third quarter. Exchange Traded Concepts LLC now owns 4,244 shares of the e-commerce company’s stock worth $276,000 after purchasing an additional 4,126 shares during the last quarter. Creative Planning boosted its position in eBay by 5.4% in the third quarter. Creative Planning now owns 65,816 shares of the e-commerce company’s stock worth $4,285,000 after purchasing an additional 3,401 shares during the last quarter. Asset Dedication LLC increased its position in shares of eBay by 33.1% during the 3rd quarter. Asset Dedication LLC now owns 4,266 shares of the e-commerce company’s stock valued at $278,000 after purchasing an additional 1,062 shares during the last quarter. Finally, Probity Advisors Inc. purchased a new stake in shares of eBay during the 3rd quarter valued at about $223,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on EBAY shares. Piper Sandler boosted their target price on shares of eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Sanford C. Bernstein upgraded eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price objective for the company in a research note on Tuesday, November 5th. Needham & Company LLC reiterated a “buy” rating and set a $72.00 target price on shares of eBay in a research report on Thursday, October 31st. Citigroup boosted their price target on eBay from $75.00 to $80.00 and gave the company a “buy” rating in a report on Friday. Finally, Bank of America decreased their price objective on eBay from $67.00 to $64.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, eBay has an average rating of “Hold” and an average price target of $63.13.

Insider Buying and Selling at eBay

In other news, SVP Cornelius Boone sold 3,989 shares of the company’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 directly owns 71,469 shares in the company, valued at approximately $4,659,778.80. This represents a 5.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $62.38, for a total value of $350,887.50. Following the completion of the transaction, the chief executive officer now owns 542,248 shares of the company’s stock, valued at approximately $33,825,430.24. This represents a 1.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,149 shares of company stock worth $1,746,065 over the last 90 days. 0.38% of the stock is owned by insiders.

eBay Stock Up 0.9 %

NASDAQ EBAY opened at $69.90 on Friday. The stock has a 50 day moving average price of $65.18 and a 200-day moving average price of $62.73. eBay Inc. has a one year low of $42.14 and a one year high of $71.52. The company has a market capitalization of $33.48 billion, a P/E ratio of 17.56, a P/E/G ratio of 2.15 and a beta of 1.35. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25.

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.