eBay Inc. (NASDAQ:EBAY) Shares Acquired by Allianz Asset Management GmbH

Allianz Asset Management GmbH grew its holdings in eBay Inc. (NASDAQ:EBAY) by 23.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,460,879 shares of the e-commerce company’s stock after acquiring an additional 463,015 shares during the quarter. Allianz Asset Management GmbH owned 0.51% of eBay worth $152,451,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new stake in eBay in the fourth quarter worth about $27,000. Quarry LP acquired a new stake in shares of eBay during the third quarter worth about $36,000. New Wave Wealth Advisors LLC acquired a new stake in shares of eBay during the fourth quarter worth about $36,000. 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 purchasing an additional 448 shares during the period. Finally, Financial Management Professionals Inc. lifted its holdings in shares of eBay by 276.0% during the third quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock worth $55,000 after purchasing an additional 621 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Stifel Nicolaus lifted their target price on eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Barclays decreased their target price on eBay from $65.00 to $64.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. JMP Securities reaffirmed a “market perform” rating on shares of eBay in a report on Monday, December 16th. StockNews.com downgraded eBay from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Finally, Sanford C. Bernstein upgraded eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price target for the company in a research report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $63.13.

eBay Stock Up 0.2 %

Shares of EBAY opened at $69.46 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a one year low of $43.09 and a one year high of $71.52. The stock has a market capitalization of $33.27 billion, a price-to-earnings ratio of 17.45, a PEG ratio of 2.23 and a beta of 1.35. The stock has a 50 day moving average price of $65.65 and a 200 day moving average price of $63.17.

Insider Buying and Selling

In related news, SVP Cornelius Boone sold 3,989 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total transaction of $260,082.80. Following the completion of the sale, the senior vice president now directly owns 71,469 shares in the company, valued at approximately $4,659,778.80. The trade was a 5.29 % decrease in their ownership of the stock. The sale 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 the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total value of $355,556.25. Following the sale, the chief executive officer now owns 531,167 shares of the company’s stock, valued at $33,575,066.07. The trade was a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,149 shares of company stock worth $1,746,065. 0.38% of the stock is owned by corporate insiders.

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.