Newbridge Financial Services Group Inc. Acquires New Stake in eBay Inc. (NASDAQ:EBAY)

Newbridge Financial Services Group Inc. bought a new position in eBay Inc. (NASDAQ:EBAY) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,094 shares of the e-commerce company’s stock, valued at approximately $130,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Golden State Wealth Management LLC bought a new position in shares of eBay in the fourth quarter worth about $27,000. Quarry LP purchased a new stake in eBay in the 3rd quarter valued at about $36,000. New Wave Wealth Advisors LLC bought a new position in eBay in the 4th quarter worth about $36,000. Northwest Investment Counselors LLC purchased a new position in shares of eBay during the third quarter worth approximately $50,000. Finally, Versant Capital Management Inc raised its stake in shares of eBay by 115.5% during the fourth 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 in the last quarter. 87.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Jefferies Financial Group cut eBay from a “hold” rating to an “underperform” rating and dropped their price objective for the stock from $60.00 to $52.00 in a research note on Tuesday, December 10th. Bank of America dropped their price target on eBay from $67.00 to $64.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Morgan Stanley lifted their price objective on eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of eBay from $70.00 to $63.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Finally, Piper Sandler boosted their price target on shares of eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $62.92.

eBay Stock Up 0.5 %

Shares of EBAY stock opened at $67.83 on Monday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a fifty-two week low of $40.74 and a fifty-two week high of $71.52. The firm has a market capitalization 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 stock’s 50-day simple moving average is $64.76 and its 200-day simple moving average is $62.38.

Insider Buying and Selling

In related news, CFO Stephen J. Priest sold 5,252 shares of the business’s stock in a transaction on 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 transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,141,040.40. The trade was a 7.47 % decrease in their ownership of the stock. 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 on Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total transaction of $355,556.25. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,149 shares of company stock worth $1,746,065. 0.38% of the stock is owned by company insiders.

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.