Mission Wealth Management LP Sells 7,405 Shares of eBay Inc. $EBAY

Mission Wealth Management LP lessened its position in shares of eBay Inc. (NASDAQ:EBAY) by 52.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,729 shares of the e-commerce company’s stock after selling 7,405 shares during the period. Mission Wealth Management LP’s holdings in eBay were worth $612,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Financial Consulate Inc. bought a new stake in eBay during the third quarter worth $27,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of eBay during the 3rd quarter worth $28,000. Princeton Global Asset Management LLC lifted its position in shares of eBay by 433.9% during the 2nd quarter. Princeton Global Asset Management LLC now owns 331 shares of the e-commerce company’s stock worth $25,000 after buying an additional 269 shares during the last quarter. Salomon & Ludwin LLC acquired a new stake in eBay in the third quarter valued at about $32,000. Finally, GFG Capital LLC bought a new position in eBay in the second quarter valued at about $28,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Trading Up 0.8%

Shares of NASDAQ EBAY opened at $86.52 on Friday. The firm has a 50 day moving average price of $88.14 and a two-hundred day moving average price of $89.26. The stock has a market cap of $39.11 billion, a P/E ratio of 18.81, a price-to-earnings-growth ratio of 2.00 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.

Insider Buying and Selling

In related news, 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 completion of the transaction, the senior vice president directly owned 55,990 shares of the company’s stock, valued at $4,615,815.60. This trade represents a 4.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jordan Douglas Bradle Sweetnam sold 33,441 shares of eBay stock in a transaction dated Friday, January 30th. The stock was 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 SEC filing for this sale provides additional information. Over the last three months, insiders have sold 44,590 shares of company stock valued at $4,000,814. Company insiders own 0.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on EBAY shares. Barclays increased their target price on shares of eBay from $92.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Wedbush increased their price objective on shares of eBay from $90.00 to $95.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Needham & Company LLC raised their target price on shares of eBay from $95.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Jefferies Financial Group upped their price target on shares of eBay from $60.00 to $65.00 and gave the stock an “underperform” rating in a report on Friday, October 17th. Finally, Truist Financial increased their price target on eBay from $86.00 to $92.00 and gave the company a “hold” rating in a research note on Monday, November 3rd. Fourteen research 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 stock presently has an average rating of “Hold” and an average 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.