eBay Inc. (NASDAQ:EBAY) Shares Bought by Smith Group Asset Management LLC

Smith Group Asset Management LLC raised its position in eBay Inc. (NASDAQ:EBAY) by 1.1% in the 4th quarter, Holdings Channel reports. The fund owned 368,038 shares of the e-commerce company’s stock after acquiring an additional 3,907 shares during the period. eBay accounts for approximately 1.7% of Smith Group Asset Management LLC’s holdings, making the stock its 27th biggest position. Smith Group Asset Management LLC’s holdings in eBay were worth $22,800,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Public Sector Pension Investment Board boosted its holdings in eBay by 53.9% in the 2nd quarter. Public Sector Pension Investment Board now owns 17,855 shares of the e-commerce company’s stock valued at $959,000 after purchasing an additional 6,256 shares in the last quarter. Ascent Group LLC boosted its stake in shares of eBay by 60.0% in the second quarter. Ascent Group LLC now owns 10,647 shares of the e-commerce company’s stock valued at $572,000 after buying an additional 3,992 shares in the last quarter. Creative Planning boosted its stake in shares of eBay by 7.2% in the second quarter. Creative Planning now owns 62,415 shares of the e-commerce company’s stock valued at $3,353,000 after buying an additional 4,187 shares in the last quarter. NewEdge Advisors LLC grew its holdings in eBay by 145.9% during the second quarter. NewEdge Advisors LLC now owns 54,112 shares of the e-commerce company’s stock worth $2,907,000 after acquiring an additional 32,110 shares during the period. Finally, Sunbelt Securities Inc. raised its position in eBay by 40,340.0% in the second quarter. Sunbelt Securities Inc. now owns 2,022 shares of the e-commerce company’s stock worth $109,000 after acquiring an additional 2,017 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Price Performance

Shares of NASDAQ:EBAY opened at $67.19 on Wednesday. The business has a fifty day simple moving average of $64.03 and a 200-day simple moving average of $61.60. eBay Inc. has a 52 week low of $40.74 and a 52 week high of $71.52. The company has a market cap of $32.18 billion, a P/E ratio of 16.88, a P/E/G ratio of 2.02 and a beta of 1.35. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14.

Insider Buying and Selling at eBay

In related news, CFO Stephen J. Priest sold 5,252 shares of the 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 sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at approximately $4,141,040.40. This represents a 7.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $59.91, for a total transaction of $336,993.75. Following the transaction, the chief executive officer now directly owns 548,042 shares in the company, valued at approximately $32,833,196.22. This trade represents a 1.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,149 shares of company stock worth $1,704,778 in the last 90 days. 0.38% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

EBAY has been the topic of several research analyst reports. JPMorgan Chase & Co. decreased their target price on shares of eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Citigroup increased their target price on shares of eBay from $68.00 to $75.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Truist Financial boosted their price target on eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Barclays reduced their price objective on eBay from $65.00 to $64.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Finally, UBS Group lowered their target price on eBay from $72.00 to $66.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $62.83.

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.