Sanctuary Advisors LLC Grows Position in eBay Inc. (NASDAQ:EBAY)

Sanctuary Advisors LLC increased its stake in shares of eBay Inc. (NASDAQ:EBAY) by 1.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 53,298 shares of the e-commerce company’s stock after acquiring an additional 988 shares during the quarter. Sanctuary Advisors LLC’s holdings in eBay were worth $3,599,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Wealth Group Ltd. bought a new position in eBay during the third quarter valued at approximately $543,000. Creative Planning increased its stake in eBay by 5.4% in the 3rd quarter. Creative Planning now owns 65,816 shares of the e-commerce company’s stock worth $4,285,000 after acquiring an additional 3,401 shares during the last quarter. Foundations Investment Advisors LLC raised its holdings in shares of eBay by 13.0% during the 3rd quarter. Foundations Investment Advisors LLC now owns 4,955 shares of the e-commerce company’s stock worth $323,000 after acquiring an additional 569 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of eBay by 4.8% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 14,101 shares of the e-commerce company’s stock valued at $918,000 after acquiring an additional 643 shares during the last quarter. Finally, Private Advisor Group LLC grew its holdings in shares of eBay by 90.7% in the third quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company’s stock valued at $2,963,000 after purchasing an additional 21,636 shares in the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Price Performance

eBay stock opened at $69.39 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 market cap of $33.24 billion, a price-to-earnings ratio of 17.43, a price-to-earnings-growth ratio of 2.21 and a beta of 1.35. The firm has a 50-day moving average of $65.76 and a two-hundred day moving average of $63.22. eBay Inc. has a 1 year low of $43.12 and a 1 year high of $71.52.

Insider Activity

In other eBay news, CFO Stephen J. Priest sold 5,252 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $63.63, for a total transaction of $334,184.76. Following the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,141,040.40. This trade represents a 7.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Cornelius Boone sold 3,989 shares of eBay stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total value of $260,082.80. Following the sale, the senior vice president now directly owns 71,469 shares of the company’s stock, valued at approximately $4,659,778.80. This trade represents a 5.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,149 shares of company stock valued at $1,746,065. Corporate insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

EBAY has been the topic of several research reports. UBS Group decreased their price target on shares of eBay from $72.00 to $66.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. JPMorgan Chase & Co. decreased their target price on shares of eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Barclays lowered their price target on shares of eBay from $65.00 to $64.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Truist Financial boosted their price objective on eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Finally, StockNews.com downgraded eBay from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. 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’s stock. According to MarketBeat, eBay presently has an average rating of “Hold” and an average target price of $63.13.

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.