NatWest Group plc Has $11.87 Million Holdings in eBay Inc. (NASDAQ:EBAY)

NatWest Group plc trimmed its stake in shares of eBay Inc. (NASDAQ:EBAY) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 191,522 shares of the e-commerce company’s stock after selling 1,646 shares during the period. eBay makes up about 3.5% of NatWest Group plc’s investment portfolio, making the stock its 13th biggest position. NatWest Group plc’s holdings in eBay were worth $11,865,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Nordea Investment Management AB boosted its stake in shares of eBay by 3.8% in the 4th quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock valued at $573,220,000 after purchasing an additional 335,035 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in eBay by 4.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,447,627 shares of the e-commerce company’s stock valued at $354,695,000 after buying an additional 216,162 shares during the period. Smead Capital Management Inc. boosted its stake in eBay by 3.5% in the third quarter. Smead Capital Management Inc. now owns 3,725,760 shares of the e-commerce company’s stock valued at $242,584,000 after acquiring an additional 125,708 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in eBay by 4.0% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,888,758 shares of the e-commerce company’s stock worth $117,009,000 after acquiring an additional 73,351 shares during the period. Finally, Wellington Management Group LLP bought a new stake in shares of eBay during the 3rd quarter valued at $105,506,000. 87.48% of the stock is owned by institutional investors.

Insider Activity at eBay

In other news, CFO Stephen J. Priest sold 5,252 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $63.63, for a total value of $334,184.76. Following the sale, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at approximately $4,141,040.40. This represents a 7.47 % decrease in their position. 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 eBay stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total value of $355,556.25. Following the transaction, 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,149 shares of company stock valued at $1,746,065. Insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

EBAY has been the topic of several recent research reports. Truist Financial raised their price target on eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. TD Cowen upped their price target on eBay from $45.00 to $54.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Robert W. Baird reduced their price objective on shares of eBay from $70.00 to $68.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Wedbush initiated coverage on shares of eBay in a research note on Monday, December 9th. They issued a “neutral” rating and a $70.00 target price for the company. Finally, Mizuho increased their target price on shares of eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $62.92.

eBay Price Performance

Shares of NASDAQ EBAY opened at $67.83 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The business has a 50-day moving average of $64.67 and a 200-day moving average of $62.22. The stock has a market capitalization of $32.49 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 2.15 and a beta of 1.35. eBay Inc. has a fifty-two week low of $40.74 and a fifty-two week high of $71.52.

eBay 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.