Envestnet Portfolio Solutions Inc. Sells 10,334 Shares of eBay Inc. $EBAY

Envestnet Portfolio Solutions Inc. trimmed its position in shares of eBay Inc. (NASDAQ:EBAY) by 37.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,901 shares of the e-commerce company’s stock after selling 10,334 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in eBay were worth $1,537,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EBAY. Financial Consulate Inc. bought a new stake in shares of eBay during the third quarter valued at approximately $27,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of eBay in the 3rd quarter worth $28,000. Princeton Global Asset Management LLC grew its position 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 acquiring an additional 269 shares in the last quarter. Salomon & Ludwin LLC purchased a new position in shares of eBay in the 3rd quarter worth approximately $32,000. Finally, GFG Capital LLC bought a new stake in eBay in the second quarter worth $28,000. Institutional investors own 87.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. The Goldman Sachs Group decreased their price objective on shares of eBay from $78.00 to $77.00 and set a “sell” rating for the company in a research note on Wednesday, January 14th. Benchmark increased their price target on eBay from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Jefferies Financial Group increased their price objective on shares of eBay from $60.00 to $65.00 and gave the company an “underperform” rating in a research note on Friday, October 17th. Wall Street Zen raised eBay from a “hold” rating to a “buy” rating in a research report on Saturday, January 3rd. Finally, Arete Research raised their target price on shares of eBay from $91.00 to $103.00 and gave the company a “neutral” rating in a research note on Thursday, January 15th. Fourteen investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $95.66.

Insider Transactions at eBay

In related news, SVP Julie A. Loeger sold 2,896 shares of eBay stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $82.44, for a total value of $238,746.24. Following the sale, the senior vice president directly owned 55,990 shares in the company, valued at approximately $4,615,815.60. The trade was a 4.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Mazen Rawashdeh sold 1,920 shares of eBay stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $81.90, for a total value of $157,248.00. Following the completion of the sale, the senior vice president directly 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 disclosure for this sale is available in the SEC filing. Insiders have sold 53,675 shares of company stock worth $4,388,825 in the last ninety days. Company insiders own 0.64% of the company’s stock.

eBay Price Performance

Shares of EBAY opened at $95.20 on Wednesday. The company has a market capitalization of $43.03 billion, a P/E ratio of 20.70, a P/E/G ratio of 2.20 and a beta of 1.35. eBay Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $101.15. The business’s 50-day moving average is $86.77 and its two-hundred day moving average is $88.74. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.92 and a current ratio of 0.92.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.03. The company had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.73 billion. eBay had a return on equity of 41.94% and a net margin of 20.37%.eBay’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.19 earnings per share. Research analysts predict that eBay Inc. will post 3.86 earnings per share for the current year.

eBay 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.