Hickory Asset Management Inc. Makes New Investment in eBay Inc. (NASDAQ:EBAY)

Hickory Asset Management Inc. acquired a new position in shares of eBay Inc. (NASDAQ:EBAY) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,635 shares of the e-commerce company’s stock, valued at approximately $287,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EBAY. Wellington Management Group LLP acquired a new position in shares of eBay in the 3rd quarter valued at $105,506,000. International Assets Investment Management LLC increased its holdings in shares of eBay by 9,092.5% in the 3rd quarter. International Assets Investment Management LLC now owns 585,013 shares of the e-commerce company’s stock valued at $38,090,000 after acquiring an additional 578,649 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of eBay by 599.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 538,744 shares of the e-commerce company’s stock valued at $35,078,000 after acquiring an additional 461,708 shares during the period. Lord Abbett & CO. LLC acquired a new position in shares of eBay in the 3rd quarter valued at $25,132,000. Finally, Nordea Investment Management AB increased its holdings in shares of eBay by 3.8% in the 4th quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock valued at $573,220,000 after acquiring an additional 335,035 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 531,167 shares of the company’s stock, valued at approximately $33,575,066.07. This trade represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Stephen J. Priest sold 5,252 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $63.63, for a total value of $334,184.76. Following the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,141,040.40. This trade represents a 7.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,149 shares of company stock valued at $1,746,065 over the last three months. Company insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on EBAY. Mizuho boosted their price objective on shares of eBay from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. UBS Group dropped their price objective on shares of eBay from $72.00 to $66.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Citigroup boosted their target price on shares of eBay from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of eBay from $70.00 to $63.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Finally, Bank of America decreased their price objective on shares of eBay from $67.00 to $64.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, eBay has a consensus rating of “Hold” and a consensus price target of $63.13.

eBay Price Performance

Shares of NASDAQ EBAY opened at $69.90 on Friday. eBay Inc. has a 1-year low of $42.14 and a 1-year high of $71.52. 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 fifty day moving average price is $65.18 and its two-hundred day moving average price is $62.73. The firm has a market capitalization of $33.48 billion, a PE ratio of 17.56, a P/E/G ratio of 2.15 and a beta of 1.35.

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.