Principal Financial Group Inc. Reduces Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Principal Financial Group Inc. lessened its stake in shares of eBay Inc. (NASDAQ:EBAYFree Report) by 0.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 592,244 shares of the e-commerce company’s stock after selling 1,917 shares during the quarter. Principal Financial Group Inc.’s holdings in eBay were worth $36,690,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Wealth Group Ltd. acquired a new stake in shares of eBay in the 3rd quarter valued at about $543,000. Creative Planning lifted its stake in eBay by 5.4% in the third quarter. Creative Planning now owns 65,816 shares of the e-commerce company’s stock valued at $4,285,000 after buying an additional 3,401 shares during the last quarter. Foundations Investment Advisors LLC boosted its holdings in shares of eBay by 13.0% in the third quarter. Foundations Investment Advisors LLC now owns 4,955 shares of the e-commerce company’s stock valued at $323,000 after acquiring an additional 569 shares during the period. Sequoia Financial Advisors LLC grew its position in shares of eBay by 4.8% during the third quarter. Sequoia Financial Advisors LLC now owns 14,101 shares of the e-commerce company’s stock worth $918,000 after acquiring an additional 643 shares during the last quarter. Finally, Private Advisor Group LLC increased its holdings in shares of eBay by 90.7% in the 3rd quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company’s stock valued at $2,963,000 after acquiring an additional 21,636 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

Wall Street Analysts Forecast Growth

EBAY has been the subject of a number of recent research reports. Morgan Stanley increased their price target on shares of eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. UBS Group decreased their target price on shares of eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Benchmark restated a “buy” rating and issued a $65.00 price target on shares of eBay in a research report on Tuesday, October 29th. Sanford C. Bernstein raised eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price objective for the company in a research note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of eBay from $70.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $63.13.

Check Out Our Latest Stock Report on eBay

Insider Activity

In other eBay news, SVP Cornelius Boone sold 3,989 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total transaction of $260,082.80. Following the transaction, the senior vice president now owns 71,469 shares of the company’s stock, valued at $4,659,778.80. This trade represents a 5.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were 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 of the company’s stock, valued at $35,709,615.50. This represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,149 shares of company stock valued at $1,746,065 in the last 90 days. 0.38% of the stock is currently owned by insiders.

eBay Stock Performance

eBay stock opened at $69.39 on Friday. The stock has a fifty day moving average price of $65.76 and a 200 day moving average price of $63.22. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 52 week low of $43.12 and a 52 week high of $71.52. The firm has a market capitalization of $33.24 billion, a P/E ratio of 17.43, a PEG ratio of 2.21 and a beta of 1.35.

About eBay

(Free Report)

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.

See Also

Want to see what other hedge funds are holding EBAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eBay Inc. (NASDAQ:EBAYFree Report).

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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