eBay Inc. (NASDAQ:EBAY) Shares Sold by SteelPeak Wealth LLC

SteelPeak Wealth LLC reduced its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 14.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 46,945 shares of the e-commerce company’s stock after selling 8,236 shares during the quarter. SteelPeak Wealth LLC’s holdings in eBay were worth $3,057,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of eBay by 0.3% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company’s stock worth $3,418,000 after acquiring an additional 153 shares in the last quarter. Davis Investment Partners LLC lifted its holdings in shares of eBay by 0.8% in the 3rd quarter. Davis Investment Partners LLC now owns 23,475 shares of the e-commerce company’s stock valued at $1,531,000 after purchasing an additional 180 shares during the last quarter. Quent Capital LLC lifted its holdings in shares of eBay by 6.8% in the 1st quarter. Quent Capital LLC now owns 3,173 shares of the e-commerce company’s stock valued at $167,000 after purchasing an additional 202 shares during the last quarter. Checchi Capital Advisers LLC lifted its holdings in shares of eBay by 3.0% in the 2nd quarter. Checchi Capital Advisers LLC now owns 7,547 shares of the e-commerce company’s stock valued at $405,000 after purchasing an additional 219 shares during the last quarter. Finally, Harrington Investments INC lifted its holdings in shares of eBay by 0.6% in the 3rd quarter. Harrington Investments INC now owns 37,385 shares of the e-commerce company’s stock valued at $2,434,000 after purchasing an additional 232 shares during the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

eBay Price Performance

EBAY stock traded down $0.09 during trading on Wednesday, reaching $62.68. 1,777,114 shares of the company were exchanged, compared to its average volume of 5,397,800. The company has a market cap of $31.47 billion, a P/E ratio of 12.50, a PEG ratio of 2.45 and a beta of 1.32. eBay Inc. has a 52-week low of $37.17 and a 52-week high of $67.80. The stock’s 50 day moving average price is $62.95 and its 200 day moving average price is $56.63. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.25.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, July 31st. The e-commerce company reported $0.88 EPS for the quarter, hitting analysts’ consensus estimates of $0.88. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.53 billion. eBay had a net margin of 26.41% and a return on equity of 29.69%. As a group, analysts predict that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EBAY. Citigroup boosted their target price on eBay from $64.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Wells Fargo & Company boosted their target price on eBay from $55.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, October 3rd. Robert W. Baird boosted their target price on eBay from $62.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, October 11th. The Goldman Sachs Group boosted their target price on eBay from $46.00 to $55.00 and gave the company a “sell” rating in a report on Tuesday, October 15th. Finally, Stifel Nicolaus increased their price objective on eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a research report on Monday. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, eBay currently has a consensus rating of “Hold” and a consensus price target of $62.23.

Insider Buying and Selling

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the completion of the transaction, the chief financial officer now owns 70,332 shares in the company, valued at approximately $4,494,918.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other eBay news, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the completion of the transaction, the chief financial officer now owns 70,332 shares in the company, valued at approximately $4,494,918.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total transaction of $77,757.21. Following the transaction, the chief financial officer now owns 65,079 shares of the company’s stock, valued at approximately $4,336,213.77. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,391 shares of company stock valued at $2,678,424. Corporate insiders own 0.38% of the company’s stock.

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.