eBay Inc. (NASDAQ:EBAY) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its holdings in eBay Inc. (NASDAQ:EBAY) by 0.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 592,244 shares of the e-commerce company’s stock after selling 1,917 shares during the quarter. Principal Financial Group Inc. owned about 0.12% of eBay worth $36,690,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in EBAY. Keystone Financial Services increased its holdings in shares of eBay by 1.6% in the fourth quarter. Keystone Financial Services now owns 15,488 shares of the e-commerce company’s stock valued at $959,000 after purchasing an additional 241 shares during the last quarter. Strategic Financial Concepts LLC purchased a new stake in eBay in the 4th quarter valued at $696,000. Allworth Financial LP increased its stake in shares of eBay by 45.5% in the 4th quarter. Allworth Financial LP now owns 8,225 shares of the e-commerce company’s stock worth $525,000 after acquiring an additional 2,573 shares during the last quarter. Principal Securities Inc. raised its holdings in shares of eBay by 3.0% during the 4th quarter. Principal Securities Inc. now owns 27,920 shares of the e-commerce company’s stock worth $1,730,000 after acquiring an additional 810 shares during the period. Finally, Montag A & Associates Inc. boosted its position in shares of eBay by 2.2% during the 4th quarter. Montag A & Associates Inc. now owns 67,643 shares of the e-commerce company’s stock valued at $4,190,000 after acquiring an additional 1,428 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on EBAY. Deutsche Bank Aktiengesellschaft cut 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. Mizuho raised their price target on shares of eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Wedbush initiated coverage on eBay in a report on Monday, December 9th. They issued a “neutral” rating and a $70.00 price objective on the stock. Piper Sandler raised their target price on eBay from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. decreased their price target on eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $63.13.

eBay Price Performance

EBAY stock opened at $69.39 on Friday. The business’s 50-day moving average is $65.76 and its two-hundred day moving average is $63.22. 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 firm has a market capitalization of $33.24 billion, a P/E ratio of 17.43, a P/E/G ratio of 2.21 and a beta of 1.35. eBay Inc. has a 1 year low of $43.12 and a 1 year high of $71.52.

Insider Buying and Selling

In other news, CFO Stephen J. Priest sold 5,252 shares of eBay stock in a transaction on Monday, December 16th. The shares were sold at an average price of $63.63, for a total transaction of $334,184.76. Following the completion of the sale, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at approximately $4,141,040.40. The trade was a 7.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the business’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. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,149 shares of company stock worth $1,746,065. Company insiders own 0.38% of the company’s stock.

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.