Alps Advisors Inc. Lowers Stake in eBay Inc. $EBAY

Alps Advisors Inc. lessened its stake in shares of eBay Inc. (NASDAQ:EBAY) by 88.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,020 shares of the e-commerce company’s stock after selling 38,822 shares during the quarter. Alps Advisors Inc.’s holdings in eBay were worth $457,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Financial Consulate Inc. bought a new stake in eBay during the third quarter valued at about $27,000. Steigerwald Gordon & Koch Inc. bought a new position in eBay in the third quarter worth about $28,000. Princeton Global Asset Management LLC raised 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 worth $25,000 after purchasing an additional 269 shares in the last quarter. Salomon & Ludwin LLC purchased a new stake in shares of eBay during the third quarter valued at about $32,000. Finally, Sumitomo Mitsui Financial Group Inc. lifted its position in shares of eBay by 155.3% during the second quarter. Sumitomo Mitsui Financial Group Inc. now owns 411 shares of the e-commerce company’s stock valued at $30,000 after buying an additional 250 shares during the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at eBay

In other news, SVP Mazen Rawashdeh sold 1,920 shares of the stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $81.90, for a total value of $157,248.00. Following the sale, the senior vice president owned 5,746 shares in the company, valued at $470,597.40. This represents a 25.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Julie A. Loeger sold 2,896 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $82.44, for a total transaction of $238,746.24. Following the transaction, the senior vice president directly owned 55,990 shares of the company’s stock, valued at approximately $4,615,815.60. This trade represents a 4.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 44,590 shares of company stock valued at $4,000,814 over the last quarter. Insiders own 0.64% of the company’s stock.

eBay Price Performance

Shares of NASDAQ EBAY opened at $82.38 on Friday. eBay Inc. has a 52 week low of $58.71 and a 52 week high of $101.15. The business’s 50 day moving average price is $88.35 and its 200 day moving average price is $89.40. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.06. The firm has a market cap of $37.24 billion, a P/E ratio of 17.91, a P/E/G ratio of 1.85 and a beta of 1.38.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Stifel Nicolaus reduced their price objective on shares of eBay from $89.00 to $88.00 in a research note on Thursday, October 30th. Wall Street Zen downgraded shares of eBay from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Morgan Stanley upped their price target on eBay from $102.00 to $112.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. BNP Paribas Exane assumed coverage on eBay in a report on Monday, November 24th. They set a “hold” rating for the company. Finally, Cantor Fitzgerald raised their price objective on eBay from $85.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Fourteen equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $95.66.

About eBay

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.