Livforsakringsbolaget Skandia Omsesidigt Purchases 26,200 Shares of eBay Inc. (NASDAQ:EBAY)

Livforsakringsbolaget Skandia Omsesidigt grew its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 26.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 124,526 shares of the e-commerce company's stock after purchasing an additional 26,200 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt's holdings in eBay were worth $7,714,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Quarry LP bought a new stake in eBay during the 3rd quarter worth about $36,000. USA Financial Formulas bought a new stake in shares of eBay during the third quarter valued at approximately $38,000. New Wave Wealth Advisors LLC acquired a new stake in shares of eBay in the fourth quarter valued at approximately $36,000. Northwest Investment Counselors LLC bought a new position in eBay in the 3rd quarter worth approximately $50,000. Finally, Versant Capital Management Inc lifted its holdings in eBay by 115.5% during 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 in the last quarter. Institutional investors own 87.48% of the company's stock.

Insider Transactions at eBay

In other eBay news, SVP Cornelius Boone sold 3,989 shares of the company'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 completion of the transaction, the senior vice president now owns 71,469 shares of the company's stock, valued at $4,659,778.80. This represents a 5.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 of the company's stock, valued at $4,225,644.40. This represents a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,149 shares of company stock valued at $1,746,065 over the last three months. Company insiders own 0.38% of the company's stock.

eBay Stock Up 0.3 %

EBAY stock traded up $0.20 during trading hours on Tuesday, reaching $68.46. 3,615,470 shares of the stock were exchanged, compared to its average volume of 4,551,177. The firm's 50-day moving average is $64.86 and its 200-day moving average is $62.54. eBay Inc. has a 12 month low of $40.74 and a 12 month high of $71.52. The company has a market cap of $32.79 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 2.15 and a beta of 1.35. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25.

Analyst Ratings Changes

Several research firms have recently commented on EBAY. UBS Group lowered their target price on eBay from $72.00 to $66.00 and set a "neutral" rating for the company in a research note on Thursday, October 31st. Morgan Stanley lifted their price objective on eBay from $70.00 to $72.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. Wells Fargo & Company upped their target price on shares of eBay from $59.00 to $61.00 and gave the company an "equal weight" rating in a research report on Monday, February 3rd. Citigroup lifted their price target on shares of eBay from $68.00 to $75.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. Finally, The Goldman Sachs Group increased their price objective on shares of eBay from $46.00 to $55.00 and gave the company a "sell" rating in a report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $62.92.

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.