State of Wyoming Reduces Stake in eBay Inc. $EBAY

State of Wyoming cut its holdings in shares of eBay Inc. (NASDAQ:EBAYFree Report) by 94.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 662 shares of the e-commerce company’s stock after selling 10,310 shares during the quarter. State of Wyoming’s holdings in eBay were worth $60,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Invesco Ltd. raised its holdings in shares of eBay by 1.7% during the second quarter. Invesco Ltd. now owns 8,581,556 shares of the e-commerce company’s stock worth $638,983,000 after purchasing an additional 140,160 shares during the last quarter. Impax Asset Management Group plc grew its position in eBay by 7.8% during the 2nd quarter. Impax Asset Management Group plc now owns 3,810,634 shares of the e-commerce company’s stock worth $282,838,000 after purchasing an additional 275,344 shares during the period. ABN AMRO Bank N.V. purchased a new position in shares of eBay during the 2nd quarter valued at about $235,149,000. Robeco Institutional Asset Management B.V. lifted its holdings in shares of eBay by 5.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,817,489 shares of the e-commerce company’s stock valued at $256,251,000 after buying an additional 157,537 shares during the period. Finally, M&G PLC boosted its stake in shares of eBay by 88.8% in the second quarter. M&G PLC now owns 2,785,699 shares of the e-commerce company’s stock worth $206,142,000 after buying an additional 1,310,373 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

More eBay News

Here are the key news stories impacting eBay this week:

eBay Stock Performance

EBAY opened at $82.38 on Friday. The firm’s fifty day simple moving average is $88.35 and its two-hundred day simple moving average is $89.48. eBay Inc. has a 52-week low of $58.71 and a 52-week high of $101.15. The company has a market cap of $37.24 billion, a price-to-earnings ratio of 17.91, a PEG ratio of 1.92 and a beta of 1.38. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.06.

Analyst Ratings Changes

EBAY has been the subject of several recent research reports. UBS Group set a $112.00 price target on eBay in a research report on Tuesday, January 13th. Piper Sandler cut their target price on shares of eBay from $102.00 to $98.00 and set an “overweight” rating for the company in a report on Tuesday, November 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of eBay in a research note on Monday, December 29th. Morgan Stanley raised their price target on shares of eBay from $102.00 to $112.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Finally, Rothschild & Co Redburn decreased their price objective on shares of eBay from $95.00 to $90.00 in a research report on Friday, November 7th. Fourteen research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $95.66.

Check Out Our Latest Research Report on eBay

Insider Transactions at eBay

In other eBay news, SVP Cornelius Boone sold 4,462 shares of the stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $83.94, for a total transaction of $374,540.28. Following the completion of the transaction, the senior vice president owned 91,921 shares of the company’s stock, valued at $7,715,848.74. This represents a 4.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jordan Douglas Bradle Sweetnam sold 33,441 shares of eBay stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $91.99, for a total value of $3,076,237.59. Following the completion of the sale, the senior vice president directly owned 4,733 shares in the company, valued at $435,388.67. This represents a 87.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 44,590 shares of company stock valued at $4,000,814. 0.64% of the stock is currently owned by corporate insiders.

About eBay

(Free Report)

eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price “Buy It Now” transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.

The company’s core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.

Featured Articles

Want to see what other hedge funds are holding EBAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eBay Inc. (NASDAQ:EBAYFree Report).

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

Receive News & Ratings for eBay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay and related companies with MarketBeat.com's FREE daily email newsletter.