LSV Asset Management Trims Stock Holdings in eBay Inc. $EBAY

LSV Asset Management trimmed its holdings in eBay Inc. (NASDAQ:EBAY) by 6.4% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 5,886,596 shares of the e-commerce company’s stock after selling 405,700 shares during the quarter. eBay accounts for about 1.2% of LSV Asset Management’s holdings, making the stock its 9th biggest holding. LSV Asset Management’s holdings in eBay were worth $535,386,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Miracle Mile Advisors LLC boosted its position in eBay by 0.4% during the third quarter. Miracle Mile Advisors LLC now owns 29,151 shares of the e-commerce company’s stock valued at $2,651,000 after buying an additional 118 shares during the period. Garrett Wealth Advisory Group LLC boosted its holdings in eBay by 3.8% during the 2nd quarter. Garrett Wealth Advisory Group LLC now owns 3,278 shares of the e-commerce company’s stock valued at $244,000 after acquiring an additional 119 shares during the period. Groupe la Francaise boosted its holdings in eBay by 8.2% during the 2nd quarter. Groupe la Francaise now owns 1,621 shares of the e-commerce company’s stock valued at $121,000 after acquiring an additional 123 shares during the period. Parkside Financial Bank & Trust grew its position in eBay by 9.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,666 shares of the e-commerce company’s stock worth $124,000 after acquiring an additional 137 shares during the last quarter. Finally, Empower Advisory Group LLC increased its stake in eBay by 3.5% in the 2nd quarter. Empower Advisory Group LLC now owns 4,566 shares of the e-commerce company’s stock worth $340,000 after purchasing an additional 153 shares during the period. Institutional investors own 87.48% of the company’s stock.

Insider Buying and Selling at eBay

In other news, SVP Julie A. Loeger sold 2,896 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president directly owned 55,990 shares of the company’s stock, valued at $4,615,815.60. The trade was a 4.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Cornelius Boone sold 4,462 shares of the company’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $83.94, for a total value of $374,540.28. Following the completion of the sale, the senior vice president owned 91,921 shares in the company, valued at $7,715,848.74. The trade was a 4.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 44,590 shares of company stock worth $4,000,814 in the last ninety days. 0.64% of the stock is owned by company insiders.

eBay Stock Performance

Shares of EBAY stock opened at $82.88 on Thursday. The company’s fifty day moving average price is $88.41 and its 200-day moving average price is $89.45. The stock has a market cap of $37.46 billion, a PE ratio of 18.02, a price-to-earnings-growth ratio of 2.04 and a beta of 1.38. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.06. eBay Inc. has a 12 month low of $58.71 and a 12 month high of $101.15.

Analyst Ratings Changes

EBAY has been the subject of a number of analyst reports. Citizens Jmp reissued a “market outperform” rating and set a $115.00 price objective on shares of eBay in a research note on Wednesday, January 28th. Citigroup reiterated a “market outperform” rating on shares of eBay in a report on Thursday, October 30th. The Goldman Sachs Group cut their price target on shares of eBay from $78.00 to $77.00 and set a “sell” rating on the stock in a report on Wednesday, January 14th. Benchmark upped their price objective on shares of eBay from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Finally, B. Riley Financial increased their target price on shares of eBay from $94.00 to $96.00 and gave the stock a “buy” rating in a report on Monday, October 20th. Fourteen equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $95.66.

About eBay

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.