Impax Asset Management Group plc Acquires 28,216 Shares of eBay Inc. (NASDAQ:EBAY)

Impax Asset Management Group plc boosted its holdings in eBay Inc. (NASDAQ:EBAY) by 26.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 134,092 shares of the e-commerce company’s stock after acquiring an additional 28,216 shares during the quarter. Impax Asset Management Group plc’s holdings in eBay were worth $8,307,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new position in eBay in the 4th quarter valued at about $27,000. Quarry LP bought a new position in shares of eBay during the 3rd quarter worth approximately $36,000. New Wave Wealth Advisors LLC bought a new position in shares of eBay during the 4th quarter worth approximately $36,000. Versant Capital Management Inc lifted its position in shares of eBay by 115.5% during the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after buying an additional 448 shares in the last quarter. Finally, Financial Management Professionals Inc. lifted its position in shares of eBay by 276.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock worth $55,000 after buying an additional 621 shares in the last quarter. Institutional investors own 87.48% of the company’s stock.

Insider Activity

In other 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 completion of the transaction, the chief financial officer now directly owns 65,080 shares of the company’s stock, 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 legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total transaction of $355,556.25. Following the transaction, the chief executive officer now owns 531,167 shares in the company, valued at $33,575,066.07. This represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,149 shares of company stock valued at $1,746,065. Insiders own 0.38% of the company’s stock.

eBay Stock Performance

Shares of NASDAQ:EBAY opened at $69.99 on Tuesday. The company has a market cap of $33.53 billion, a price-to-earnings ratio of 17.59, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. The company has a 50-day moving average price of $66.00 and a 200-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. eBay Inc. has a 12 month low of $43.67 and a 12 month high of $71.52.

Analysts Set New Price Targets

Several equities analysts have commented on EBAY shares. JMP Securities reissued a “market perform” rating on shares of eBay in a research report on Monday, December 16th. Stifel Nicolaus lifted their target price on shares of eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of eBay from $70.00 to $63.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Barclays dropped their target price on shares of eBay from $65.00 to $64.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Finally, Citigroup lifted their target price on shares of eBay from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, eBay currently has a consensus rating of “Hold” and an average price target of $63.38.

About eBay

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.