eBay Inc. (NASDAQ:EBAY) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lowered its stake in shares of eBay Inc. (NASDAQ:EBAY) by 33.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 54,629 shares of the e-commerce company’s stock after selling 27,848 shares during the period. State of Alaska Department of Revenue’s holdings in eBay were worth $3,384,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. YANKCOM Partnership purchased a new stake in shares of eBay in the fourth quarter valued at about $133,000. Bleakley Financial Group LLC boosted its holdings in eBay by 2.1% in the 4th quarter. Bleakley Financial Group LLC now owns 49,137 shares of the e-commerce company’s stock valued at $3,044,000 after purchasing an additional 992 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of eBay by 26.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 93,358 shares of the e-commerce company’s stock valued at $5,827,000 after buying an additional 19,372 shares during the period. E. Ohman J or Asset Management AB increased its holdings in shares of eBay by 6.1% during the 4th quarter. E. Ohman J or Asset Management AB now owns 23,140 shares of the e-commerce company’s stock worth $1,434,000 after buying an additional 1,340 shares during the last quarter. Finally, Columbus Macro LLC increased its holdings in shares of eBay by 55.8% during the 4th quarter. Columbus Macro LLC now owns 4,809 shares of the e-commerce company’s stock worth $298,000 after buying an additional 1,723 shares during the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other eBay news, SVP Cornelius Boone sold 3,989 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total transaction of $260,082.80. Following the transaction, the senior vice president now 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total value of $350,887.50. Following the completion of the sale, the chief executive officer now directly owns 542,248 shares of the company’s stock, 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. Insiders have sold 27,149 shares of company stock worth $1,746,065 in the last ninety days. 0.38% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on EBAY shares. Truist Financial increased their price objective on eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Jefferies Financial Group cut eBay from a “hold” rating to an “underperform” rating and lowered their price target for the stock from $60.00 to $52.00 in a report on Tuesday, December 10th. Stifel Nicolaus boosted their price objective on shares of eBay from $56.00 to $64.00 and gave the company a “hold” rating in a report on Monday, October 28th. Sanford C. Bernstein raised shares of eBay from a “market perform” rating to an “outperform” rating and set a $70.00 target price for the company in a research note on Tuesday, November 5th. Finally, JMP Securities reissued a “market perform” rating on shares of eBay in a research note on Monday, December 16th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, eBay currently has a consensus rating of “Hold” and a consensus target price of $62.92.

eBay Stock Up 0.5 %

EBAY stock opened at $67.83 on Monday. The company’s 50 day moving average is $64.76 and its two-hundred day moving average is $62.38. eBay Inc. has a twelve month low of $40.74 and a twelve month high of $71.52. 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 cap of $32.49 billion, a P/E ratio of 17.04, a PEG ratio of 2.15 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.