Farmers & Merchants Investments Inc. Has $31,000 Holdings in eBay Inc. (NASDAQ:EBAY)

Farmers & Merchants Investments Inc. decreased its position in shares of eBay Inc. (NASDAQ:EBAY) by 28.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 500 shares of the e-commerce company’s stock after selling 200 shares during the period. Farmers & Merchants Investments Inc.’s holdings in eBay were worth $31,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of EBAY. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of 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 acquiring an additional 153 shares during the last quarter. Cypress Wealth Services LLC increased its stake in eBay by 4.7% in the 4th quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company’s stock valued at $216,000 after buying an additional 157 shares during the last quarter. Capital Investment Advisors LLC grew its holdings in shares of eBay by 4.1% in the 4th quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company’s stock valued at $262,000 after acquiring an additional 167 shares in the last quarter. Optas LLC grew its stake in eBay by 0.5% in the third quarter. Optas LLC now owns 34,082 shares of the e-commerce company’s stock valued at $2,219,000 after purchasing an additional 171 shares in the last quarter. Finally, Kathmere Capital Management LLC lifted its stake in 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 acquiring an additional 173 shares during the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Stephen J. Priest sold 5,252 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was 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 $4,141,040.40. This trade represents a 7.47 % 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 stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $67.25, for a total transaction of $378,281.25. Following the sale, the chief executive officer now directly owns 530,998 shares in the company, valued at approximately $35,709,615.50. This represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,149 shares of company stock worth $1,746,065 over the last quarter. Corporate insiders own 0.38% of the company’s stock.

eBay Trading Up 0.5 %

Shares of NASDAQ:EBAY opened at $67.83 on Monday. The company has a market cap of $32.49 billion, a PE ratio of 17.04, a P/E/G ratio of 2.15 and a beta of 1.35. 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 company’s 50-day moving average price is $64.76 and its 200 day moving average price is $62.38. eBay Inc. has a fifty-two week low of $40.74 and a fifty-two week high of $71.52.

Wall Street Analysts Forecast Growth

EBAY has been the subject of a number of analyst reports. JMP Securities reiterated a “market perform” rating on shares of eBay in a research report on Monday, December 16th. Sanford C. Bernstein upgraded eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price objective for the company in a report on Tuesday, November 5th. Wedbush assumed coverage on eBay in a report on Monday, December 9th. They issued a “neutral” rating and a $70.00 target price for the company. Robert W. Baird dropped their price objective on shares of eBay from $70.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Finally, Stifel Nicolaus lifted 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. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price 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.