Independent Advisor Alliance Boosts Stock Position in eBay Inc. $EBAY

Independent Advisor Alliance grew its position in eBay Inc. (NASDAQ:EBAY) by 407.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,469 shares of the e-commerce company’s stock after purchasing an additional 21,257 shares during the period. Independent Advisor Alliance’s holdings in eBay were worth $2,407,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Financial Consulate Inc. acquired a new position in shares of eBay in the 3rd quarter valued at about $27,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of eBay in the third quarter worth about $28,000. Princeton Global Asset Management LLC grew its holdings in eBay by 433.9% in the second quarter. Princeton Global Asset Management LLC now owns 331 shares of the e-commerce company’s stock valued at $25,000 after purchasing an additional 269 shares during the period. Salomon & Ludwin LLC acquired a new stake in eBay in the third quarter valued at approximately $32,000. Finally, GFG Capital LLC purchased a new stake in shares of eBay in the second quarter valued at approximately $28,000. 87.48% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Mazen Rawashdeh sold 1,920 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $81.90, for a total transaction of $157,248.00. Following the completion of the transaction, the senior vice president directly owned 5,746 shares in the company, valued at approximately $470,597.40. This represents a 25.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jamie Iannone sold 7,221 shares of eBay stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $81.08, for a total transaction of $585,478.68. Following the sale, the chief executive officer owned 235,781 shares of the company’s stock, valued at approximately $19,117,123.48. This represents a 2.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 18,370 shares of company stock worth $1,510,055. Corporate insiders own 0.64% of the company’s stock.

eBay Stock Up 2.8%

EBAY stock opened at $93.78 on Tuesday. The firm has a market cap of $42.39 billion, a PE ratio of 20.39, a PEG ratio of 2.12 and a beta of 1.38. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.92 and a current ratio of 0.92. The firm’s 50 day moving average price is $87.80 and its 200-day moving average price is $89.20. eBay Inc. has a one year low of $58.71 and a one year high of $101.15.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on EBAY shares. UBS Group set a $112.00 price target on shares of eBay in a research note on Tuesday, January 13th. Robert W. Baird lifted their price objective on eBay from $89.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, October 13th. Weiss Ratings reissued a “buy (b)” rating on shares of eBay in a report on Monday, December 29th. Needham & Company LLC lifted their price target on eBay from $95.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Finally, BMO Capital Markets upped their target price on shares of eBay from $102.00 to $107.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Fourteen research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $95.66.

eBay Company Profile

eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price “Buy It Now” transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.

The company’s core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.