Impax Asset Management Group plc Increases Stake in eBay Inc. (NASDAQ:EBAY)

Impax Asset Management Group plc lifted its stake in shares of eBay Inc. (NASDAQ:EBAY) by 26.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 134,092 shares of the e-commerce company’s stock after buying an additional 28,216 shares during the period. Impax Asset Management Group plc’s holdings in eBay were worth $8,307,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of EBAY. Wealth Group Ltd. purchased a new stake in eBay in the third quarter worth about $543,000. Private Advisor Group LLC grew its holdings in eBay by 90.7% in the third quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company’s stock worth $2,963,000 after purchasing an additional 21,636 shares during the period. International Assets Investment Management LLC grew its holdings in eBay by 9,092.5% in the third quarter. International Assets Investment Management LLC now owns 585,013 shares of the e-commerce company’s stock worth $38,090,000 after purchasing an additional 578,649 shares during the period. Hennion & Walsh Asset Management Inc. purchased a new stake in eBay in the third quarter worth about $264,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in eBay by 5.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 73,986 shares of the e-commerce company’s stock worth $4,735,000 after purchasing an additional 4,110 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Citigroup upped their price objective on shares of eBay from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, February 14th. JPMorgan Chase & Co. cut their price objective on shares of eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Stifel Nicolaus upped their price objective on shares of eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Truist Financial upped 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. Finally, UBS Group upped their target price on shares of eBay from $66.00 to $72.00 and gave the stock a “neutral” rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $63.38.

eBay Stock Up 0.9 %

EBAY opened at $69.99 on Tuesday. eBay Inc. has a 1-year low of $43.67 and a 1-year high of $71.52. The firm’s 50 day simple moving average is $66.00 and its two-hundred day simple moving average is $63.53. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $33.53 billion, a PE ratio of 17.59, a PEG ratio of 2.22 and a beta of 1.35.

Insider Buying and Selling

In related news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total value of $350,887.50. Following the completion of the sale, the chief executive officer now directly owns 542,248 shares of the company’s stock, valued at approximately $33,825,430.24. This represents a 1.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Cornelius Boone sold 3,989 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total transaction of $260,082.80. Following the sale, the senior vice president now owns 71,469 shares in the company, valued at approximately $4,659,778.80. The trade was a 5.29 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,149 shares of company stock valued at $1,746,065. 0.38% of the stock is owned by company 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.