eBay Inc. (NASDAQ:EBAY) Shares Sold by Cigna Investments Inc. New

Cigna Investments Inc. New lessened its holdings in eBay Inc. (NASDAQ:EBAY) by 5.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,019 shares of the e-commerce company’s stock after selling 277 shares during the period. Cigna Investments Inc. New’s holdings in eBay were worth $311,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Golden State Wealth Management LLC acquired a new stake in eBay in the 4th quarter valued at $27,000. Quarry LP purchased a new stake in shares of eBay in the third quarter worth about $36,000. New Wave Wealth Advisors LLC acquired a new stake in shares of eBay in the fourth quarter valued at about $36,000. Northwest Investment Counselors LLC purchased a new stake in shares of eBay during the 3rd quarter valued at about $50,000. Finally, Versant Capital Management Inc lifted its position in eBay by 115.5% during the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after acquiring an additional 448 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Stock Performance

Shares of NASDAQ EBAY opened at $68.46 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm’s 50-day moving average price is $64.86 and its two-hundred day moving average price is $62.54. eBay Inc. has a 52-week low of $40.74 and a 52-week high of $71.52. The stock has a market capitalization of $32.79 billion, a P/E ratio of 17.20, a P/E/G ratio of 2.15 and a beta of 1.35.

Insider Transactions at eBay

In other eBay news, SVP Cornelius Boone sold 3,989 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total transaction of $260,082.80. Following the completion of the transaction, the senior vice president now directly owns 71,469 shares of the company’s stock, valued at $4,659,778.80. The trade was a 5.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction dated 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 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,149 shares of company stock worth $1,746,065. 0.38% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. StockNews.com downgraded shares of eBay from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. lowered their price target on shares of eBay from $60.00 to $58.00 and set a “neutral” rating for the company in a report on Friday, November 1st. TD Cowen boosted their price objective on shares of eBay from $45.00 to $54.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Stifel Nicolaus upped their price objective on shares of eBay from $56.00 to $64.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Finally, Truist Financial lifted their target price on eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $62.92.

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.