Jordan Douglas Bradle Sweetnam Sells 33,441 Shares of eBay (NASDAQ:EBAY) Stock

eBay Inc. (NASDAQ:EBAY) SVP Jordan Douglas Bradle Sweetnam sold 33,441 shares of the stock in a transaction on Friday, January 30th. The shares were sold at an average price of $91.99, for a total value of $3,076,237.59. Following the transaction, the senior vice president directly owned 4,733 shares in the company, valued at $435,388.67. The trade was a 87.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Jordan Douglas Bradle Sweetnam also recently made the following trade(s):

• On Thursday, December 18th, Jordan Douglas Bradle Sweetnam sold 865 shares of eBay stock. The stock was sold at an average price of $82.67, for a total value of $71,509.55.
• On Tuesday, November 18th, Jordan Douglas Bradle Sweetnam sold 1,006 shares of eBay stock. The shares were sold at an average price of $82.04, for a total value of $82,532.24.

eBay Trading Down 7.1%

Shares of NASDAQ:EBAY opened at $85.84 on Thursday. The stock’s 50-day simple moving average is $88.05 and its two-hundred day simple moving average is $89.28. The stock has a market capitalization of $38.80 billion, a price-to-earnings ratio of 18.66, a PEG ratio of 2.15 and a beta of 1.38. eBay Inc. has a 52-week low of $58.71 and a 52-week high of $101.15. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.92 and a current ratio of 0.92.

Analysts Set New Price Targets

Several brokerages have recently weighed in on EBAY. Jefferies Financial Group lifted their price target on shares of eBay from $60.00 to $65.00 and gave the stock an “underperform” rating in a research note on Friday, October 17th. Stifel Nicolaus cut their price target on eBay from $89.00 to $88.00 in a report on Thursday, October 30th. Truist Financial upped their price target on eBay from $86.00 to $92.00 and gave the stock a “hold” rating in a research report on Monday, November 3rd. B. Riley boosted their price objective on eBay from $94.00 to $96.00 and gave the company a “buy” rating in a research note on Monday, October 20th. Finally, President Capital reduced their target price on shares of eBay from $103.00 to $94.00 and set a “buy” rating for the company in a report on Friday, December 19th. Fourteen analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, eBay currently has an average rating of “Hold” and an average target price of $95.66.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. ABN AMRO Bank N.V. purchased a new position in eBay during the 2nd quarter valued at approximately $235,149,000. Arrowstreet Capital Limited Partnership boosted its position in shares of eBay by 1,007.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,189,868 shares of the e-commerce company’s stock valued at $163,058,000 after acquiring an additional 1,992,116 shares during the last quarter. First Trust Advisors LP boosted its position in shares of eBay by 27.8% during the 3rd quarter. First Trust Advisors LP now owns 8,309,698 shares of the e-commerce company’s stock valued at $755,767,000 after acquiring an additional 1,808,976 shares during the last quarter. M&G PLC lifted its position in eBay by 88.8% during the second quarter. M&G PLC now owns 2,785,699 shares of the e-commerce company’s stock valued at $206,142,000 after purchasing an additional 1,310,373 shares during the last quarter. Finally, Valeo Financial Advisors LLC lifted its holdings in shares of eBay by 19,822.5% in the 2nd quarter. Valeo Financial Advisors LLC now owns 1,290,981 shares of the e-commerce company’s stock valued at $96,126,000 after acquiring an additional 1,284,501 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors.

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.