Private Advisor Group LLC Has $2.75 Million Position in eBay Inc. (NASDAQ:EBAY)

Private Advisor Group LLC cut its position in shares of eBay Inc. (NASDAQ:EBAY) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,341 shares of the e-commerce company’s stock after selling 1,159 shares during the quarter. Private Advisor Group LLC’s holdings in eBay were worth $2,747,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Mizuho raised their price target on shares of eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Barclays decreased their price target on eBay from $65.00 to $64.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Citigroup upped their target price on shares of eBay from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Stifel Nicolaus boosted their price target on shares of eBay from $56.00 to $64.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Finally, Piper Sandler upped their price objective on shares of eBay from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, eBay currently has an average rating of “Hold” and a consensus price target of $63.38.

eBay Stock Performance

Shares of NASDAQ:EBAY opened at $69.99 on Tuesday. eBay Inc. has a 1-year low of $43.67 and a 1-year high of $71.52. The business has a 50-day moving average price of $66.00 and a two-hundred day moving average price of $63.53. 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 stock has a market capitalization of $33.53 billion, a P/E ratio of 17.59, a P/E/G ratio of 2.22 and a beta of 1.35.

Insider Activity at eBay

In related news, CFO Stephen J. Priest sold 5,252 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were 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 owns 65,080 shares in the company, valued at approximately $4,141,040.40. The trade was a 7.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total transaction of $355,556.25. Following the transaction, the chief executive officer now directly owns 531,167 shares in the company, valued at approximately $33,575,066.07. This represents a 1.05 % 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 worth $1,746,065 over the last ninety days. Company insiders own 0.38% of the company’s stock.

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.