Swedbank AB grew its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 9.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,521,423 shares of the e-commerce company's stock after buying an additional 128,709 shares during the period. Swedbank AB owned about 0.32% of eBay worth $94,252,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in EBAY. Quarry LP bought a new stake in shares of eBay in the 3rd quarter worth approximately $36,000. USA Financial Formulas acquired a new position in shares of eBay during the third quarter valued at $38,000. Northwest Investment Counselors LLC bought a new position in shares of eBay during the third quarter worth about $50,000. Versant Capital Management Inc increased its holdings in shares of 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 acquiring an additional 448 shares during the period. Finally, Financial Management Professionals Inc. lifted its position 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 purchasing an additional 621 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company's stock.
eBay Price Performance
Shares of EBAY traded up $1.53 during mid-day trading on Thursday, reaching $67.53. The company had a trading volume of 957,330 shares, compared to its average volume of 4,977,404. eBay Inc. has a 1-year low of $40.74 and a 1-year high of $71.52. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market capitalization of $32.34 billion, a price-to-earnings ratio of 16.99, a P/E/G ratio of 2.02 and a beta of 1.35. The company's 50 day simple moving average is $64.26 and its 200 day simple moving average is $61.72.
Insider Buying and Selling at eBay
In related news, CFO Stephen J. Priest sold 5,252 shares of eBay stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $63.63, for a total value 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 approximately $4,141,040.40. The trade was a 7.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the firm's stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $59.91, for a total value of $336,993.75. Following the completion of the transaction, the chief executive officer now owns 548,042 shares of the company's stock, valued at approximately $32,833,196.22. This represents a 1.02 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,149 shares of company stock worth $1,704,778. 0.38% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on EBAY. Stifel Nicolaus lifted their price target on eBay from $56.00 to $64.00 and gave the company a "hold" rating in a report on Monday, October 28th. Barclays dropped their target price on eBay from $65.00 to $64.00 and set an "overweight" rating on the stock in a report on Thursday, October 31st. UBS Group dropped their price objective on eBay from $72.00 to $66.00 and set a "neutral" rating on the stock in a report on Thursday, October 31st. JPMorgan Chase & Co. reduced their price target on eBay from $60.00 to $58.00 and set a "neutral" rating for the company in a research report on Friday, November 1st. Finally, TD Cowen boosted their target price on eBay from $45.00 to $54.00 and gave the stock a "hold" rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $62.83.
View Our Latest Stock Analysis on EBAY
eBay Company Profile
(
Free Report)
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.
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