Cigna Investments Inc. New reduced its stake in eBay Inc. (NASDAQ:EBAY) by 6.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 35,982 shares of the e-commerce company’s stock after selling 2,503 shares during the quarter. Cigna Investments Inc. New’s holdings in eBay were worth $1,358,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EBAY. BB&T Investment Services Inc. purchased a new stake in eBay in the 2nd quarter valued at $119,000. Valeo Financial Advisors LLC purchased a new stake in eBay in the 3rd quarter valued at $122,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in eBay in the 2nd quarter valued at $123,000. Westside Investment Management Inc. raised its position in eBay by 1.7% in the 2nd quarter. Westside Investment Management Inc. now owns 3,627 shares of the e-commerce company’s stock valued at $127,000 after buying an additional 60 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of eBay during the 3rd quarter valued at $139,000. 85.96% of the stock is owned by institutional investors and hedge funds.
In other news, VP Brian J. Doerger sold 6,660 shares of the stock in a transaction on Monday, November 27th. The stock was sold at an average price of $35.99, for a total transaction of $239,693.40. Following the completion of the transaction, the vice president now owns 16,732 shares in the company, valued at approximately $602,184.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Brian J. Doerger sold 4,359 shares of the stock in a transaction on Friday, November 10th. The stock was sold at an average price of $35.75, for a total value of $155,834.25. Following the transaction, the vice president now owns 23,392 shares of the company’s stock, valued at approximately $836,264. The disclosure for this sale can be found here. Insiders have sold a total of 42,419 shares of company stock valued at $1,512,740 in the last quarter. 6.78% of the stock is owned by corporate insiders.
eBay Inc. (NASDAQ EBAY) opened at $40.89 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.46 and a current ratio of 2.46. The firm has a market capitalization of $43,640.00, a price-to-earnings ratio of 6.04, a PEG ratio of 2.77 and a beta of 1.34. eBay Inc. has a 12 month low of $31.36 and a 12 month high of $40.91.
Several equities research analysts have recently issued reports on EBAY shares. BidaskClub raised eBay from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. Aegis reaffirmed a “buy” rating and set a $45.00 target price on shares of eBay in a research report on Saturday, December 30th. SunTrust Banks reaffirmed a “hold” rating and set a $38.00 target price on shares of eBay in a research report on Friday, November 17th. BMO Capital Markets raised eBay from a “market perform” rating to an “outperform” rating and set a $40.00 target price for the company in a research report on Monday, December 4th. Finally, Piper Jaffray Companies set a $34.00 target price on eBay and gave the company a “hold” rating in a research report on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and nineteen have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $39.11.
About eBay
eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company connects buyers and sellers around the world. Its platforms enable sellers around the world to organize and offer their inventory for sale, and buyers to find and purchase it.