eBay Inc. (NASDAQ:EBAY) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB lowered its position in shares of eBay Inc. (NASDAQ:EBAY) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 312,432 shares of the e-commerce company’s stock after selling 11,650 shares during the period. Handelsbanken Fonder AB’s holdings in eBay were worth $19,355,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of EBAY. Wealth Group Ltd. acquired a new position in shares of eBay during the third quarter worth $543,000. Creative Planning lifted its position in eBay by 5.4% in the third quarter. Creative Planning now owns 65,816 shares of the e-commerce company’s stock valued at $4,285,000 after acquiring an additional 3,401 shares during the last quarter. Foundations Investment Advisors LLC lifted its position in eBay by 13.0% in the third quarter. Foundations Investment Advisors LLC now owns 4,955 shares of the e-commerce company’s stock valued at $323,000 after acquiring an additional 569 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in eBay by 4.8% in the third quarter. Sequoia Financial Advisors LLC now owns 14,101 shares of the e-commerce company’s stock valued at $918,000 after acquiring an additional 643 shares during the last quarter. Finally, Private Advisor Group LLC lifted its position in eBay by 90.7% in the third quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company’s stock valued at $2,963,000 after acquiring an additional 21,636 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EBAY. Benchmark reissued a “buy” rating and issued a $65.00 price target on shares of eBay in a research report on Tuesday, October 29th. Sanford C. Bernstein raised shares of eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price target for the company in a research report on Tuesday, November 5th. Wedbush began coverage on shares of eBay in a research report on Monday, December 9th. They issued a “neutral” rating and a $70.00 price target for the company. Robert W. Baird reduced their price target on shares of eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. reduced their price target on shares of eBay from $60.00 to $58.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $63.13.

Insiders Place Their Bets

In other eBay news, CFO Stephen J. Priest sold 5,252 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $63.63, for a total transaction of $334,184.76. Following the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at approximately $4,141,040.40. This represents a 7.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $62.38, for a total transaction of $350,887.50. Following the transaction, the chief executive officer now owns 542,248 shares in the company, valued at $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. Over the last three months, insiders have sold 27,149 shares of company stock worth $1,746,065. 0.38% of the stock is owned by company insiders.

eBay Trading Down 0.1 %

Shares of EBAY opened at $69.39 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm’s 50-day moving average is $65.76 and its two-hundred day moving average is $63.22. eBay Inc. has a twelve month low of $43.12 and a twelve month high of $71.52. The firm has a market capitalization of $33.24 billion, a P/E ratio of 17.43, a PEG ratio of 2.21 and a beta of 1.35.

eBay Company 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.