Livforsakringsbolaget Skandia Omsesidigt Has $7.71 Million Stock Position in eBay Inc. (NASDAQ:EBAY)

Livforsakringsbolaget Skandia Omsesidigt boosted its position in eBay Inc. (NASDAQ:EBAY) by 26.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 124,526 shares of the e-commerce company’s stock after buying an additional 26,200 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in eBay were worth $7,714,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Quarry LP acquired a new stake in shares of eBay in the third quarter valued at about $36,000. New Wave Wealth Advisors LLC bought a new stake in eBay during the 4th quarter valued at approximately $36,000. USA Financial Formulas acquired a new stake in eBay in the 3rd quarter valued at approximately $38,000. Northwest Investment Counselors LLC bought a new position in eBay in the 3rd quarter worth approximately $50,000. Finally, Versant Capital Management Inc lifted its holdings in shares of eBay by 115.5% during the fourth 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 during the last quarter. Institutional investors own 87.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Citigroup boosted their target price on shares of eBay from $68.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Robert W. Baird dropped their price objective 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. StockNews.com cut shares of eBay from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Sanford C. Bernstein upgraded eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a research note on Tuesday, November 5th. Finally, Morgan Stanley raised their price objective on eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Two equities 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 company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $62.92.

eBay Price Performance

Shares of EBAY stock opened at $67.50 on Friday. The firm has a market cap of $32.33 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 2.15 and a beta of 1.35. eBay Inc. has a 12 month low of $40.74 and a 12 month 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. The stock has a 50-day moving average price of $64.60 and a 200 day moving average price of $62.18.

Insider Transactions at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction dated 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 owns 531,167 shares in the company, valued at approximately $33,575,066.07. This trade represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Cornelius Boone sold 3,989 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total value of $260,082.80. Following the completion of the sale, the senior vice president now directly owns 71,469 shares of the company’s stock, valued at approximately $4,659,778.80. This trade represents a 5.29 % decrease in their ownership of the stock. 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 company insiders.

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.