Hussman Strategic Advisors Inc. Takes Position in eBay Inc. (NASDAQ:EBAY)

Hussman Strategic Advisors Inc. purchased a new stake in shares of eBay Inc. (NASDAQ:EBAY) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 16,800 shares of the e-commerce company’s stock, valued at approximately $1,041,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Cypress Wealth Services LLC lifted its position 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 buying an additional 157 shares during the last quarter. Capital Investment Advisors LLC lifted its position 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 buying an additional 167 shares during the last quarter. Optas LLC lifted its position 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 buying an additional 171 shares during the last quarter. Kathmere Capital Management LLC lifted its position 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 buying an additional 173 shares during the last quarter. Finally, Arvest Investments Inc. lifted its position in eBay by 1.2% in the third quarter. Arvest Investments Inc. now owns 15,205 shares of the e-commerce company’s stock valued at $990,000 after buying an additional 183 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insiders Place Their Bets

In other eBay news, SVP Cornelius Boone sold 3,989 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total value of $260,082.80. Following the completion of the transaction, the senior vice president now owns 71,469 shares in the company, valued at approximately $4,659,778.80. This represents a 5.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total value of $355,556.25. Following the completion of the transaction, the chief executive officer now owns 531,167 shares of the company’s stock, valued at approximately $33,575,066.07. This represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,149 shares of company stock worth $1,746,065. 0.38% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $72.00 target price on shares of eBay in a research report on Thursday, October 31st. Wells Fargo & Company boosted their price target on shares of eBay from $59.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Monday, February 3rd. Citigroup boosted their price target on shares of eBay from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Bank of America cut their price target on shares of eBay from $67.00 to $64.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Finally, Morgan Stanley boosted their price target on shares of eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $63.13.

eBay Price Performance

Shares of NASDAQ EBAY opened at $69.46 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a fifty day moving average price of $65.65 and a 200 day moving average price of $63.17. eBay Inc. has a 1-year low of $43.09 and a 1-year high of $71.52. The company has a market cap of $33.27 billion, a PE ratio of 17.45, a P/E/G ratio of 2.23 and a beta of 1.35.

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.