eBay Inc. $EBAY Stock Holdings Lifted by Canada Post Corp Registered Pension Plan

Canada Post Corp Registered Pension Plan grew its stake in shares of eBay Inc. (NASDAQ:EBAY) by 275.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,015 shares of the e-commerce company’s stock after purchasing an additional 27,151 shares during the period. Canada Post Corp Registered Pension Plan’s holdings in eBay were worth $3,375,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Princeton Global Asset Management LLC lifted its holdings in shares of eBay by 433.9% in the second quarter. Princeton Global Asset Management LLC now owns 331 shares of the e-commerce company’s stock valued at $25,000 after purchasing an additional 269 shares in the last quarter. Financial Consulate Inc. purchased a new stake in shares of eBay during the 3rd quarter worth about $27,000. Steigerwald Gordon & Koch Inc. acquired a new stake in eBay in the third quarter valued at approximately $28,000. Sumitomo Mitsui Financial Group Inc. raised its holdings in shares of eBay by 155.3% during the 2nd quarter. Sumitomo Mitsui Financial Group Inc. now owns 411 shares of the e-commerce company’s stock valued at $30,000 after purchasing an additional 250 shares in the last quarter. Finally, Salomon & Ludwin LLC bought a new position in eBay during the third quarter valued at about $32,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insider Activity

In other eBay news, SVP Julie A. Loeger sold 2,896 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $82.44, for a total value of $238,746.24. Following the transaction, the senior vice president owned 55,990 shares of the company’s stock, valued at approximately $4,615,815.60. The trade was a 4.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jordan Douglas Bradle Sweetnam sold 33,441 shares of the firm’s stock in a transaction on Friday, January 30th. The shares were 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 owned 4,733 shares of the company’s stock, valued at approximately $435,388.67. This trade represents a 87.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 44,590 shares of company stock worth $4,000,814. 0.64% of the stock is currently owned by insiders.

eBay Stock Up 0.0%

Shares of NASDAQ:EBAY opened at $86.55 on Friday. The company has a market capitalization of $39.12 billion, a PE ratio of 18.82, a P/E/G ratio of 2.02 and a beta of 1.38. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.92 and a current ratio of 0.92. The company’s fifty day moving average is $88.21 and its 200-day moving average is $89.37. eBay Inc. has a 52 week low of $58.71 and a 52 week high of $101.15.

Analyst Ratings Changes

A number of equities analysts have recently commented on EBAY shares. Daiwa Securities Group dropped their price target on shares of eBay from $99.00 to $84.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 12th. Weiss Ratings reissued a “buy (b)” rating on shares of eBay in a research report on Monday, December 29th. Sanford C. Bernstein set a $90.00 target price on eBay in a research note on Friday, October 31st. Jefferies Financial Group raised their target price on eBay from $60.00 to $65.00 and gave the stock an “underperform” rating in a research report on Friday, October 17th. Finally, Citigroup reissued a “market outperform” rating on shares of eBay in a report on Thursday, October 30th. Fourteen analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $95.66.

eBay Company Profile

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.