eBay Inc. (NASDAQ:EBAY) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB cut its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 3.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 312,432 shares of the e-commerce company’s stock after selling 11,650 shares during the period. Handelsbanken Fonder AB owned approximately 0.07% of eBay worth $19,355,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of EBAY. Wellington Management Group LLP acquired a new stake in eBay in the 3rd quarter worth about $105,506,000. International Assets Investment Management LLC boosted its holdings in eBay by 9,092.5% in the 3rd quarter. International Assets Investment Management LLC now owns 585,013 shares of the e-commerce company’s stock worth $38,090,000 after buying an additional 578,649 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in eBay by 599.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 538,744 shares of the e-commerce company’s stock worth $35,078,000 after purchasing an additional 461,708 shares in the last quarter. Lord Abbett & CO. LLC purchased a new position in eBay in the 3rd quarter worth approximately $25,132,000. Finally, Nordea Investment Management AB lifted its stake in 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 worth $573,220,000 after purchasing an additional 335,035 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EBAY. UBS Group decreased their target price on shares of eBay from $72.00 to $66.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Truist Financial raised their target price on shares of eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Sanford C. Bernstein raised shares of eBay from a “market perform” rating to an “outperform” rating and set a $70.00 target price on the stock in a research note on Tuesday, November 5th. Stifel Nicolaus raised their target price on shares of eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Finally, Benchmark reissued a “buy” rating and issued a $65.00 target price on shares of eBay in a research note on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $63.13.

eBay Stock Performance

NASDAQ:EBAY opened at $69.39 on Friday. The company has a fifty day simple moving average of $65.76 and a two-hundred day simple moving average of $63.22. The company has a market cap of $33.24 billion, a price-to-earnings ratio of 17.43, a price-to-earnings-growth ratio of 2.21 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. eBay Inc. has a 52 week low of $43.12 and a 52 week high of $71.52.

Insiders Place Their Bets

In other eBay news, 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 value of $378,281.25. Following the completion of the transaction, the chief executive officer now owns 530,998 shares in the company, valued at $35,709,615.50. The trade was a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Stephen J. Priest sold 5,252 shares of the business’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 transaction, the chief financial officer now owns 65,080 shares of the company’s stock, valued at approximately $4,141,040.40. This trade represents a 7.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,149 shares of company stock worth $1,746,065 over the last 90 days. Corporate insiders own 0.38% of the company’s stock.

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.