Swedbank AB Grows Position in eBay Inc. (NASDAQ:EBAY)

Swedbank AB increased its holdings in eBay Inc. (NASDAQ:EBAY) by 9.2% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,521,423 shares of the e-commerce company’s stock after buying an additional 128,709 shares during the quarter. Swedbank AB owned about 0.32% of eBay worth $94,252,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Wellington Management Group LLP bought a new stake in shares of eBay during the 3rd quarter valued at about $105,506,000. International Assets Investment Management LLC grew its position in eBay by 9,092.5% during the third quarter. International Assets Investment Management LLC now owns 585,013 shares of the e-commerce company’s stock valued at $38,090,000 after buying an additional 578,649 shares during the period. Janney Montgomery Scott LLC increased its holdings in eBay by 599.3% during the third quarter. Janney Montgomery Scott LLC now owns 538,744 shares of the e-commerce company’s stock valued at $35,078,000 after buying an additional 461,708 shares during the last quarter. Lord Abbett & CO. LLC purchased a new stake in eBay during the third quarter valued at approximately $25,132,000. Finally, Truist Financial Corp raised its position in eBay by 45.4% in the second quarter. Truist Financial Corp now owns 1,089,998 shares of the e-commerce company’s stock worth $58,555,000 after acquiring an additional 340,120 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insider Activity at eBay

In other news, 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 completion of the sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at approximately $4,225,644.40. The trade was a 1.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Cornelius Boone sold 3,989 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total value of $260,082.80. Following the completion of the transaction, the senior vice president now directly owns 71,469 shares in the company, valued at approximately $4,659,778.80. This trade represents a 5.29 % 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 $1,704,778 in the last quarter. 0.38% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on EBAY shares. Sanford C. Bernstein upgraded shares of eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price objective on the stock in a research report on Tuesday, November 5th. Robert W. Baird lowered their target price on shares of eBay from $70.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Stifel Nicolaus raised their target price on shares of eBay from $56.00 to $64.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Mizuho boosted 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. Finally, UBS Group cut their price objective on eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $62.83.

eBay Stock Down 1.8 %

Shares of NASDAQ:EBAY opened at $66.00 on Thursday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The business has a 50 day simple moving average of $64.15 and a two-hundred day simple moving average of $61.69. eBay Inc. has a 1 year low of $40.74 and a 1 year high of $71.52. The firm has a market capitalization of $31.61 billion, a PE ratio of 16.58, a price-to-earnings-growth ratio of 2.02 and a beta of 1.35.

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.