eBay Inc. (NASDAQ:EBAY) Stock Holdings Lifted by Truist Financial Corp

Truist Financial Corp increased its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 5.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,131,477 shares of the e-commerce company's stock after purchasing an additional 56,463 shares during the quarter. Truist Financial Corp owned approximately 0.24% of eBay worth $70,095,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Nordea Investment Management AB raised its position in shares of eBay by 3.8% in the fourth quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company's stock valued at $573,220,000 after buying an additional 335,035 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in eBay by 4.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,447,627 shares of the e-commerce company's stock valued at $354,695,000 after acquiring an additional 216,162 shares in the last quarter. Smead Capital Management Inc. raised its holdings in eBay by 3.5% in the 3rd quarter. Smead Capital Management Inc. now owns 3,725,760 shares of the e-commerce company's stock valued at $242,584,000 after acquiring an additional 125,708 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in eBay by 4.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,888,758 shares of the e-commerce company's stock worth $117,009,000 after purchasing an additional 73,351 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new position in shares of eBay during the 3rd quarter worth approximately $105,506,000. 87.48% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Cornelius Boone sold 3,989 shares of the firm's stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total value of $260,082.80. Following the transaction, the senior vice president now owns 71,469 shares in the company, valued at approximately $4,659,778.80. This trade represents a 5.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Stephen J. Priest sold 1,033 shares of eBay stock in a transaction that occurred on Thursday, January 16th. The shares were 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 in the company, valued at approximately $4,225,644.40. This trade represents a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,149 shares of company stock valued at $1,746,065 in the last three months. Corporate insiders own 0.38% of the company's stock.

eBay Price Performance

Shares of EBAY traded down $0.07 during trading hours on Friday, reaching $69.39. 4,010,627 shares of the company traded hands, compared to its average volume of 4,335,389. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $33.24 billion, a PE ratio of 17.43, a price-to-earnings-growth ratio of 2.21 and a beta of 1.35. The stock has a fifty day simple moving average of $65.76 and a 200 day simple moving average of $63.22. eBay Inc. has a fifty-two week low of $43.12 and a fifty-two week high of $71.52.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on EBAY shares. Sanford C. Bernstein raised eBay from a "market perform" rating to an "outperform" rating and set a $70.00 price objective on the stock in a research note on Tuesday, November 5th. Piper Sandler boosted their price target on shares of eBay from $64.00 to $67.00 and gave the company an "overweight" rating in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft cut their price objective on shares of eBay from $70.00 to $63.00 and set a "buy" rating for the company in a research report on Friday, November 1st. JPMorgan Chase & Co. decreased their target price on shares of eBay from $60.00 to $58.00 and set a "neutral" rating on the stock in a report on Friday, November 1st. Finally, Truist Financial raised their price target on shares of eBay from $58.00 to $62.00 and gave the stock a "hold" rating in a report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $63.13.

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.