ING Groep NV Makes New $1.36 Million Investment in eBay Inc. (NASDAQ:EBAY)

ING Groep NV acquired a new stake in shares of eBay Inc. (NASDAQ:EBAY) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 21,878 shares of the e-commerce company’s stock, valued at approximately $1,355,000.

Several other hedge funds have also recently modified their holdings of EBAY. Golden State Wealth Management LLC bought a new stake in eBay in the 4th quarter valued at $27,000. Quarry LP purchased a new position in shares of eBay during the third quarter valued at about $36,000. New Wave Wealth Advisors LLC purchased a new position in shares of eBay during the fourth quarter valued at about $36,000. Versant Capital Management Inc increased its holdings in shares of eBay by 115.5% in the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after purchasing an additional 448 shares during the last quarter. Finally, Financial Management Professionals Inc. lifted its position in shares of eBay by 276.0% in the third quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock worth $55,000 after buying an additional 621 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insider Transactions at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $67.25, for a total value of $378,281.25. Following the transaction, the chief executive officer now directly owns 530,998 shares in the company, valued at $35,709,615.50. This represents a 1.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Stephen J. Priest sold 1,033 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $64.93, for a total transaction of $67,072.69. Following the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at approximately $4,225,644.40. This trade represents a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,149 shares of company stock worth $1,746,065. Insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

EBAY has been the subject of several research analyst reports. Mizuho raised their price target on eBay from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Jefferies Financial Group lowered shares of eBay from a “hold” rating to an “underperform” rating and cut their target price for the company from $60.00 to $52.00 in a report on Tuesday, December 10th. Sanford C. Bernstein upgraded shares of eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a research report on Tuesday, November 5th. StockNews.com lowered shares of eBay from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Finally, Bank of America dropped their price objective on shares of eBay from $67.00 to $64.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, eBay currently has a consensus rating of “Hold” and an average price target of $63.13.

eBay Stock Performance

EBAY stock opened at $69.39 on Monday. eBay Inc. has a twelve month low of $43.12 and a twelve month high of $71.52. The firm has a market cap of $33.24 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 2.22 and a beta of 1.35. The business’s fifty day simple moving average is $65.87 and its two-hundred day simple moving average is $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.

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.