Baader Bank Aktiengesellschaft Has $1.20 Million Stake in eBay Inc. (NASDAQ:EBAY)

Baader Bank Aktiengesellschaft decreased its stake in shares of eBay Inc. (NASDAQ:EBAY) by 95.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 18,074 shares of the e-commerce company’s stock after selling 368,254 shares during the period. Baader Bank Aktiengesellschaft’s holdings in eBay were worth $1,198,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in EBAY. Orion Capital Management LLC acquired a new position in shares of eBay during the 4th quarter valued at about $27,000. Abound Financial LLC acquired a new stake in eBay in the 1st quarter valued at approximately $29,000. Pinney & Scofield Inc. acquired a new stake in eBay in the 4th quarter valued at approximately $31,000. Itau Unibanco Holding S.A. acquired a new stake in eBay in the 4th quarter valued at approximately $33,000. Finally, Transce3nd LLC acquired a new stake in eBay in the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Cornelius Boone sold 2,985 shares of the firm’s stock in a transaction on Friday, June 6th. The stock was sold at an average price of $78.67, for a total transaction of $234,829.95. Following the completion of the sale, the senior vice president directly owned 92,053 shares of the company’s stock, valued at $7,241,809.51. This trade represents a 3.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jordan Douglas Bradle Sweetnam sold 22,206 shares of the firm’s stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $77.90, for a total value of $1,729,847.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 347,222 shares of company stock valued at $25,143,522. Company insiders own 0.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on EBAY shares. Truist Financial raised their target price on eBay from $62.00 to $68.00 and gave the company a “hold” rating in a report on Thursday, May 1st. Wedbush reaffirmed a “neutral” rating and issued a $72.00 target price on shares of eBay in a report on Wednesday, June 11th. Morgan Stanley raised their target price on eBay from $74.00 to $81.00 and gave the company an “overweight” rating in a report on Monday, July 21st. Barclays raised their target price on eBay from $72.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. raised their price objective on eBay from $66.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday, July 11th. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, eBay presently has an average rating of “Hold” and an average target price of $70.42.

eBay Price Performance

eBay stock opened at $78.50 on Wednesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market capitalization of $36.19 billion, a PE ratio of 18.69, a price-to-earnings-growth ratio of 2.21 and a beta of 1.26. eBay Inc. has a one year low of $53.74 and a one year high of $83.53. The business has a 50 day simple moving average of $76.51 and a 200 day simple moving average of $70.26.

eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.04. eBay had a return on equity of 36.60% and a net margin of 19.78%. The firm had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same period last year, the firm posted $1.25 EPS. The business’s revenue was up 1.1% on a year-over-year basis. On average, sell-side analysts forecast that eBay Inc. will post 3.86 EPS for the current fiscal year.

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.