Avanza Fonder AB Invests $3.26 Million in eBay Inc. (NASDAQ:EBAY)

Avanza Fonder AB purchased a new stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 52,678 shares of the e-commerce company's stock, valued at approximately $3,263,000.

A number of other large investors have also added to or reduced their stakes in the stock. Quarry LP purchased a new stake in eBay in the 3rd quarter worth about $36,000. USA Financial Formulas bought a new stake in shares of eBay in the third quarter valued at approximately $38,000. Northwest Investment Counselors LLC purchased a new stake in shares of eBay during the 3rd quarter valued at approximately $50,000. Versant Capital Management Inc boosted its holdings in eBay by 115.5% in the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company's stock worth $52,000 after buying an additional 448 shares during the period. Finally, Financial Management Professionals Inc. grew its stake in eBay by 276.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company's stock valued at $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.

eBay Trading Up 1.7 %

Shares of NASDAQ EBAY traded up $1.13 during midday trading on Friday, hitting $66.19. The company's stock had a trading volume of 3,717,872 shares, compared to its average volume of 4,580,482. eBay Inc. has a 12-month low of $40.33 and a 12-month high of $71.52. 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 firm has a market cap of $31.71 billion, a P/E ratio of 16.63, a price-to-earnings-growth ratio of 2.10 and a beta of 1.35. The business's 50 day moving average is $63.63 and its two-hundred day moving average is $61.03.

eBay Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $0.27 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.63%. eBay's payout ratio is 27.14%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on EBAY. Morgan Stanley increased their target price on eBay from $70.00 to $72.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. Robert W. Baird reduced their target price on eBay from $70.00 to $68.00 and set an "outperform" rating for the company in a report on Thursday, October 31st. UBS Group cut their price objective on shares of eBay from $72.00 to $66.00 and set a "neutral" rating for the company in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft decreased their target price on shares of eBay from $70.00 to $63.00 and set a "buy" rating on the stock in a report on Friday, November 1st. Finally, Bank of America cut their price target on shares of eBay from $67.00 to $64.00 and set a "neutral" rating for the company in a report on Thursday, October 31st. 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. According to data from MarketBeat.com, eBay currently has a consensus rating of "Hold" and a consensus price target of $62.83.

Insider Activity at eBay

In other eBay news, CFO Stephen J. Priest sold 5,252 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $63.63, for a total transaction of $334,184.76. Following the completion of the sale, the chief financial officer now directly owns 65,080 shares of the company's stock, valued at approximately $4,141,040.40. This represents a 7.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 transaction of $260,082.80. Following the completion of the sale, the senior vice president now owns 71,469 shares in the company, valued at $4,659,778.80. This represents a 5.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,149 shares of company stock worth $1,704,778. Company insiders own 0.38% of the company's stock.

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.