Van ECK Associates Corp Purchases 139,315 Shares of eBay Inc. (NASDAQ:EBAY)

Van ECK Associates Corp boosted its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 5,091.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 142,051 shares of the e-commerce company's stock after acquiring an additional 139,315 shares during the quarter. Van ECK Associates Corp's holdings in eBay were worth $8,800,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its position in eBay by 174.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 491,981 shares of the e-commerce company's stock worth $30,636,000 after acquiring an additional 312,644 shares in the last quarter. Essex Financial Services Inc. raised its position in shares of eBay by 27.2% in the fourth quarter. Essex Financial Services Inc. now owns 4,177 shares of the e-commerce company's stock valued at $259,000 after purchasing an additional 894 shares during the period. Savant Capital LLC raised its position in shares of eBay by 5.4% in the fourth quarter. Savant Capital LLC now owns 18,341 shares of the e-commerce company's stock valued at $1,136,000 after purchasing an additional 938 shares during the period. Newbridge Financial Services Group Inc. bought a new position in shares of eBay in the fourth quarter valued at about $130,000. Finally, Stephens Inc. AR raised its position in shares of eBay by 0.5% in the fourth quarter. Stephens Inc. AR now owns 91,858 shares of the e-commerce company's stock valued at $5,691,000 after purchasing an additional 434 shares during the period. 87.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Morgan Stanley increased their price objective on shares of eBay from $70.00 to $72.00 and gave the company an "overweight" rating in a research report on Monday, January 13th. Mizuho increased their price objective on shares of eBay from $55.00 to $60.00 and gave the company a "neutral" rating in a research report on Tuesday, November 5th. Truist Financial upped their price target on shares of eBay from $58.00 to $62.00 and gave the company a "hold" rating in a research note on Tuesday, November 5th. Barclays decreased their price target on shares of eBay from $65.00 to $64.00 and set an "overweight" rating on the stock in a research note on Thursday, October 31st. Finally, TD Cowen upped their price target on shares of eBay from $45.00 to $54.00 and gave the company a "hold" rating in a research note on Friday, October 25th. 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $63.13.

Insider Activity at eBay

In related news, CEO Jamie Iannone sold 5,625 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total value of $355,556.25. Following the completion of the transaction, the chief executive officer now owns 531,167 shares in the company, valued at $33,575,066.07. This trade represents a 1.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Stephen J. Priest sold 1,033 shares of the firm's 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 completion of the transaction, the chief financial officer now owns 65,080 shares of the company's stock, valued at approximately $4,225,644.40. This trade represents a 1.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,149 shares of company stock worth $1,746,065 in the last quarter. 0.38% of the stock is owned by insiders.

eBay Price Performance

Shares of EBAY stock traded down $0.46 on Wednesday, reaching $69.33. The company had a trading volume of 3,441,167 shares, compared to its average volume of 4,390,096. The business's 50-day moving average is $65.53 and its 200 day moving average is $63.13. The stock has a market capitalization of $33.21 billion, a PE ratio of 17.42, a price-to-earnings-growth ratio of 2.23 and a beta of 1.35. eBay Inc. has a one year low of $42.97 and a one year high of $71.52. 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 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.