abrdn plc Cuts Stake in eBay Inc. (NASDAQ:EBAY)

abrdn plc cut its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 243,683 shares of the e-commerce company's stock after selling 17,289 shares during the period. abrdn plc owned 0.05% of eBay worth $15,150,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Private Advisor Group LLC raised its stake in eBay by 90.7% in the 3rd 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 in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of eBay by 2.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company's stock worth $3,489,000 after buying an additional 1,063 shares in the last quarter. Prospera Financial Services Inc raised its stake in eBay by 794.2% during the third quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company's stock worth $4,598,000 after acquiring an additional 62,719 shares in the last quarter. Trustmark National Bank Trust Department bought a new position in eBay in the 3rd quarter valued at approximately $1,307,000. Finally, Nordea Investment Management AB lifted its stake in shares of eBay by 3.8% in the 4th 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. 87.48% of the stock is owned by institutional investors.

eBay Stock Performance

Shares of NASDAQ:EBAY traded up $0.20 during midday trading on Tuesday, reaching $68.46. 3,615,470 shares of the company's stock traded hands, compared to its average volume of 4,551,177. 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 one year low of $40.74 and a one year high of $71.52. The company has a market cap of $32.79 billion, a price-to-earnings ratio of 17.20, a P/E/G ratio of 2.15 and a beta of 1.35. The stock has a 50 day moving average of $64.86 and a 200 day moving average of $62.54.

Insiders Place Their Bets

In other eBay news, SVP Cornelius Boone sold 3,989 shares of the business's stock in a transaction dated 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 sale, the senior vice president now owns 71,469 shares of the company's stock, valued at approximately $4,659,778.80. The trade was a 5.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total value of $350,887.50. Following the transaction, the chief executive officer now directly owns 542,248 shares in the company, valued at approximately $33,825,430.24. The trade was a 1.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,149 shares of company stock valued at $1,746,065. 0.38% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on EBAY shares. JPMorgan Chase & Co. reduced their target price on eBay from $60.00 to $58.00 and set a "neutral" rating on the stock in a report on Friday, November 1st. The Goldman Sachs Group lifted their price target on shares of eBay from $46.00 to $55.00 and gave the company a "sell" rating in a research report on Tuesday, October 15th. JMP Securities restated a "market perform" rating on shares of eBay in a report on Monday, December 16th. StockNews.com lowered eBay from a "buy" rating to a "hold" rating in a report on Monday, November 11th. Finally, UBS Group dropped their price target on eBay from $72.00 to $66.00 and set a "neutral" rating on the stock in a report on Thursday, October 31st. Two equities research 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's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $62.92.

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.