Mezzasalma Advisors LLC Raises Holdings in eBay Inc. (NASDAQ:EBAY)

Mezzasalma Advisors LLC increased its position in shares of eBay Inc. (NASDAQ:EBAY) by 22.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,963 shares of the e-commerce company’s stock after buying an additional 1,669 shares during the period. Mezzasalma Advisors LLC’s holdings in eBay were worth $555,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Private Advisor Group LLC raised 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 purchasing an additional 21,636 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in eBay by 2.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company’s stock valued at $3,489,000 after buying an additional 1,063 shares in the last quarter. Prospera Financial Services Inc raised its stake in eBay by 794.2% in the third quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock valued at $4,598,000 after buying an additional 62,719 shares in the last quarter. Trustmark National Bank Trust Department acquired a new position in shares of eBay during the 3rd quarter worth about $1,307,000. 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 last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Stock Performance

Shares of EBAY opened at $67.83 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 52-week low of $40.74 and a 52-week high of $71.52. The company has a 50-day simple moving average of $64.67 and a 200-day simple moving average of $62.22. The company 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.

Insider Buying and Selling at eBay

In related news, CFO Stephen J. Priest sold 1,033 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $64.93, for a total value of $67,072.69. Following the sale, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at approximately $4,225,644.40. This represents a 1.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total transaction of $350,887.50. Following the transaction, the chief executive officer now owns 542,248 shares of the company’s stock, valued at $33,825,430.24. This trade represents a 1.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,149 shares of company stock valued at $1,746,065. Corporate insiders own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EBAY. Sanford C. Bernstein upgraded eBay from a “market perform” rating to an “outperform” rating and set a $70.00 target price for the company in a research note on Tuesday, November 5th. Truist Financial upped their target price on shares of eBay from $58.00 to $62.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. JMP Securities reiterated a “market perform” rating on shares of eBay in a research note on Monday, December 16th. StockNews.com downgraded shares of eBay from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Stifel Nicolaus lifted their target price on eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $62.92.

eBay 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.