M&G PLC Trims Stock Holdings in eBay Inc. $EBAY

M&G PLC lowered its stake in shares of eBay Inc. (NASDAQ:EBAY) by 11.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,480,225 shares of the e-commerce company’s stock after selling 305,474 shares during the period. eBay accounts for approximately 1.2% of M&G PLC’s portfolio, making the stock its 27th biggest holding. M&G PLC owned 0.55% of eBay worth $225,700,000 at the end of the most recent reporting period.

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

Insider Transactions at eBay

In related news, SVP Cornelius Boone sold 4,462 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $83.94, for a total value of $374,540.28. Following the transaction, the senior vice president owned 91,921 shares in the company, valued at approximately $7,715,848.74. This trade represents a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Jordan Douglas Bradle Sweetnam sold 33,441 shares of the business’s stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $91.99, for a total transaction of $3,076,237.59. Following the sale, the senior vice president owned 4,733 shares of the company’s stock, valued at approximately $435,388.67. This represents a 87.60% decrease in their ownership of the stock. 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 over the last 90 days. Company insiders own 0.64% of the company’s stock.

eBay Price Performance

EBAY stock opened at $82.38 on Monday. The company has a market cap of $37.24 billion, a PE ratio of 17.91, a price-to-earnings-growth ratio of 1.92 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. The stock has a 50-day moving average price of $88.35 and a two-hundred day moving average price of $89.56. eBay Inc. has a 12-month low of $58.71 and a 12-month high of $101.15.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on EBAY. The Goldman Sachs Group cut their price target on eBay from $78.00 to $77.00 and set a “sell” rating for the company in a report on Wednesday, January 14th. Arete Research lifted their price objective on eBay from $91.00 to $103.00 and gave the company a “neutral” rating in a research report on Thursday, January 15th. Citizens Jmp reiterated a “market outperform” rating and set a $115.00 target price on shares of eBay in a research report on Wednesday, January 28th. Benchmark raised their price target on eBay from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Finally, UBS Group set a $112.00 price target on eBay in a report on Tuesday, January 13th. Fourteen analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $95.66.

eBay 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.