Fisher Funds Management LTD Makes New $5.02 Million Investment in eBay Inc. (NASDAQ:EBAY)

Fisher Funds Management LTD purchased a new stake in eBay Inc. (NASDAQ:EBAY) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 80,759 shares of the e-commerce company’s stock, valued at approximately $5,018,000.

Other large investors have also recently added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators raised its stake in shares of eBay by 23.8% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 7,860 shares of the e-commerce company’s stock valued at $487,000 after purchasing an additional 1,512 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in eBay by 23.2% in the fourth quarter. Allianz Asset Management GmbH now owns 2,460,879 shares of the e-commerce company’s stock valued at $152,451,000 after buying an additional 463,015 shares during the last quarter. WP Advisors LLC acquired a new stake in eBay during the fourth quarter valued at approximately $279,000. ING Groep NV acquired a new stake in eBay during the fourth quarter valued at approximately $1,355,000. Finally, O Brien Greene & Co. Inc lifted its holdings in eBay by 2.1% during the 4th quarter. O Brien Greene & Co. Inc now owns 16,016 shares of the e-commerce company’s stock worth $992,000 after buying an additional 334 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total value of $355,556.25. Following the completion of the sale, the chief executive officer now owns 531,167 shares in the company, valued at $33,575,066.07. This represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Cornelius Boone sold 3,989 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total value of $260,082.80. Following the transaction, the senior vice president now directly owns 71,469 shares of the company’s stock, valued at $4,659,778.80. This represents a 5.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,149 shares of company stock worth $1,746,065 over the last three months. Corporate insiders own 0.38% of the company’s stock.

eBay Stock Performance

Shares of EBAY opened at $69.39 on Monday. 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 PE ratio of 17.43, a P/E/G ratio of 2.22 and a beta of 1.35. The firm has a 50-day moving average price of $65.87 and a 200 day moving average price of $63.43. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on EBAY shares. Citigroup boosted their price target on eBay from $75.00 to $80.00 and gave the company a “buy” rating in a report on Friday, February 14th. Jefferies Financial Group lowered shares of eBay from a “hold” rating to an “underperform” rating and lowered their target price for the company from $60.00 to $52.00 in a research note on Tuesday, December 10th. Barclays reduced their price target on shares of eBay from $65.00 to $64.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of eBay from $70.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Finally, Morgan Stanley increased their price objective 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. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $63.13.

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.