Manning & Napier Advisors LLC Reduces Holdings in eBay Inc. (NASDAQ:EBAY)

Manning & Napier Advisors LLC lowered its position in eBay Inc. (NASDAQ:EBAY) by 8.2% during the fourth quarter, HoldingsChannel reports. The firm owned 189,186 shares of the e-commerce company’s stock after selling 16,911 shares during the period. Manning & Napier Advisors LLC’s holdings in eBay were worth $11,720,000 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 the business. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in eBay by 0.3% during the third 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 buying an additional 153 shares in the last quarter. Cypress Wealth Services LLC increased its stake in shares of eBay by 4.7% in the 4th quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company’s stock worth $216,000 after acquiring an additional 157 shares during the last quarter. Capital Investment Advisors LLC raised its holdings in shares of eBay by 4.1% during the 4th quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company’s stock worth $262,000 after acquiring an additional 167 shares during the period. Optas LLC boosted its position in shares of eBay by 0.5% during the 3rd quarter. Optas LLC now owns 34,082 shares of the e-commerce company’s stock valued at $2,219,000 after acquiring an additional 171 shares during the last quarter. Finally, Kathmere Capital Management LLC grew its holdings in shares of eBay by 1.2% in the fourth quarter. Kathmere Capital Management LLC now owns 14,250 shares of the e-commerce company’s stock valued at $883,000 after purchasing an additional 173 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Price Performance

EBAY stock opened at $66.00 on Thursday. eBay Inc. has a 1 year low of $40.74 and a 1 year high of $71.52. The firm has a market capitalization of $31.61 billion, a P/E ratio of 16.58, 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 current ratio of 1.25 and a quick ratio of 1.25. The business’s 50-day moving average is $64.15 and its two-hundred day moving average is $61.69.

Insider Activity at eBay

In related news, CFO Stephen J. Priest sold 5,252 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $63.63, for a total value of $334,184.76. Following the transaction, the chief financial officer now owns 65,080 shares of the company’s stock, valued at $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 is available through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $59.91, for a total value of $336,993.75. Following the sale, the chief executive officer now directly owns 548,042 shares of the company’s stock, valued at $32,833,196.22. This trade represents a 1.02 % decrease in their ownership of the stock. 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 90 days. 0.38% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Bank of America reduced their target price on shares of eBay from $67.00 to $64.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Cantor Fitzgerald reiterated a “neutral” rating and issued a $62.00 price objective on shares of eBay in a report on Monday, October 7th. Benchmark reissued a “buy” rating and set a $65.00 target price on shares of eBay in a research note on Tuesday, October 29th. UBS Group lowered their price target on eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Finally, TD Cowen boosted their price objective on shares of eBay from $45.00 to $54.00 and gave the company a “hold” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $62.83.

eBay Company Profile

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.