Private Advisor Group LLC Has $2.75 Million Stock Position in eBay Inc. (NASDAQ:EBAY)

Private Advisor Group LLC lessened its stake in eBay Inc. (NASDAQ:EBAY) by 2.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 44,341 shares of the e-commerce company’s stock after selling 1,159 shares during the quarter. Private Advisor Group LLC’s holdings in eBay were worth $2,747,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nordea Investment Management AB lifted its stake in eBay by 3.8% in the fourth 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of eBay by 4.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,447,627 shares of the e-commerce company’s stock valued at $354,695,000 after purchasing an additional 216,162 shares during the period. Smead Capital Management Inc. raised its holdings in shares of eBay by 3.5% in the 3rd quarter. Smead Capital Management Inc. now owns 3,725,760 shares of the e-commerce company’s stock valued at $242,584,000 after purchasing an additional 125,708 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in eBay by 4.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,888,758 shares of the e-commerce company’s stock valued at $117,009,000 after purchasing an additional 73,351 shares during the last quarter. Finally, Wellington Management Group LLP bought a new position in eBay during the third quarter worth about $105,506,000. 87.48% of the stock is owned by institutional investors.

eBay Price Performance

Shares of NASDAQ EBAY opened at $69.99 on Tuesday. The stock has a market cap of $33.53 billion, a price-to-earnings ratio of 17.59, a PEG ratio of 2.22 and a beta of 1.35. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a fifty-two week low of $43.67 and a fifty-two week high of $71.52. The firm’s 50-day simple moving average is $66.00 and its 200 day simple moving average is $63.53.

Analyst Ratings Changes

EBAY has been the subject of several research reports. Jefferies Financial Group downgraded eBay from a “hold” rating to an “underperform” rating and cut their price target for the company from $60.00 to $52.00 in a report on Tuesday, December 10th. Robert W. Baird cut their target price on shares of eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Piper Sandler upped their price target on shares of eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. JMP Securities restated a “market perform” rating on shares of eBay in a research report on Monday, December 16th. Finally, Morgan Stanley increased their target price on eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $63.38.

Insider Transactions at eBay

In related news, CFO Stephen J. Priest sold 1,033 shares of the company’s stock in a transaction 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 completion of the sale, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,225,644.40. This represents a 1.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total value of $355,556.25. Following the transaction, the chief executive officer now owns 531,167 shares in the company, valued at approximately $33,575,066.07. This trade represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,149 shares of company stock valued at $1,746,065 over the last ninety days. 0.38% of the stock is currently owned by insiders.

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.