eBay Inc. (NASDAQ:EBAY) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 33.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,629 shares of the e-commerce company's stock after selling 27,848 shares during the period. State of Alaska Department of Revenue's holdings in eBay were worth $3,384,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of EBAY. Wellington Management Group LLP purchased a new stake in shares of eBay in the 3rd quarter worth $105,506,000. International Assets Investment Management LLC increased its stake in eBay by 9,092.5% in the 3rd quarter. International Assets Investment Management LLC now owns 585,013 shares of the e-commerce company's stock worth $38,090,000 after buying an additional 578,649 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in eBay by 599.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 538,744 shares of the e-commerce company's stock worth $35,078,000 after buying an additional 461,708 shares in the last quarter. Lord Abbett & CO. LLC purchased a new stake in eBay in the 3rd quarter worth $25,132,000. Finally, Nordea Investment Management AB increased its stake in 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 worth $573,220,000 after buying an additional 335,035 shares in the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other eBay news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $67.25, for a total value of $378,281.25. Following the transaction, the chief executive officer now directly owns 530,998 shares of the company's stock, valued at approximately $35,709,615.50. The trade was a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Stephen J. Priest sold 5,252 shares of eBay stock in a transaction on Monday, December 16th. The stock was sold at an average price of $63.63, for a total transaction of $334,184.76. Following the completion of the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,141,040.40. This represents a 7.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,149 shares of company stock valued at $1,746,065. 0.38% of the stock is currently owned by insiders.

eBay Stock Up 1.9 %

EBAY stock traded up $1.32 during trading on Thursday, hitting $69.26. 3,782,010 shares of the company's stock traded hands, compared to its average volume of 4,474,321. The firm has a market capitalization of $33.18 billion, a P/E ratio of 17.40, a PEG ratio of 2.15 and a beta of 1.35. The business has a fifty day simple moving average of $65.06 and a two-hundred day simple moving average of $62.68. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 1 year low of $40.83 and a 1 year high of $71.52.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Stifel Nicolaus increased their price target on eBay from $56.00 to $64.00 and gave the stock a "hold" rating in a research note on Monday, October 28th. Benchmark restated a "buy" rating and set a $65.00 price objective on shares of eBay in a research report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft cut their price objective on eBay from $70.00 to $63.00 and set a "buy" rating for the company in a research report on Friday, November 1st. Barclays cut their price objective on eBay from $65.00 to $64.00 and set an "overweight" rating for the company in a research report on Thursday, October 31st. Finally, UBS Group lowered their price target on shares of eBay from $72.00 to $66.00 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's stock. According to MarketBeat, eBay has an average rating of "Hold" and an average 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.