Buttonwood Financial Advisors Inc. Lowers Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Buttonwood Financial Advisors Inc. lowered its stake in eBay Inc. (NASDAQ:EBAY) by 20.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,710 shares of the e-commerce company’s stock after selling 1,448 shares during the period. Buttonwood Financial Advisors Inc.’s holdings in eBay were worth $354,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Quarry LP bought a new stake in shares of eBay during the third quarter valued at approximately $36,000. USA Financial Formulas bought a new position in shares of eBay during the third quarter valued at $38,000. Northwest Investment Counselors LLC purchased a new stake in shares of eBay during the third quarter valued at $50,000. Versant Capital Management Inc boosted its holdings in shares of eBay by 115.5% during the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after acquiring an additional 448 shares during the last quarter. Finally, Financial Management Professionals Inc. grew its position in eBay by 276.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock worth $55,000 after purchasing an additional 621 shares during the period. 87.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Stifel Nicolaus raised their price objective on shares of eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Piper Sandler raised their price objective on eBay from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Mizuho boosted their price objective on eBay from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Sanford C. Bernstein upgraded shares of eBay from a “market perform” rating to an “outperform” rating and set a $70.00 target price on the stock in a research note on Tuesday, November 5th. Finally, The Goldman Sachs Group upped their price target on shares of eBay from $46.00 to $55.00 and gave the stock a “sell” rating in a research report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, eBay currently has a consensus rating of “Hold” and a consensus price target of $62.83.

Insider Activity at eBay

In other eBay news, CFO Stephen J. Priest sold 5,252 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $63.63, for a total transaction of $334,184.76. Following the completion of the sale, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at approximately $4,141,040.40. This represents a 7.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total transaction of $355,556.25. Following the completion of the transaction, the chief executive officer now directly owns 531,167 shares in the company, valued at approximately $33,575,066.07. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,149 shares of company stock valued at $1,704,778 over the last ninety days. 0.38% of the stock is owned by company insiders.

eBay Trading Up 0.1 %

NASDAQ:EBAY opened at $64.81 on Monday. The firm has a 50-day simple moving average of $63.92 and a 200-day simple moving average of $61.45. eBay Inc. has a one year low of $40.74 and a one year high of $71.52. The firm has a market cap of $31.04 billion, a P/E ratio of 16.28, a P/E/G ratio of 2.02 and a beta of 1.35. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25.

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.