Smith Group Asset Management LLC Raises Holdings in eBay Inc. (NASDAQ:EBAY)

Smith Group Asset Management LLC boosted its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 1.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 368,038 shares of the e-commerce company’s stock after acquiring an additional 3,907 shares during the quarter. eBay comprises 1.7% of Smith Group Asset Management LLC’s holdings, making the stock its 27th largest holding. Smith Group Asset Management LLC owned approximately 0.08% of eBay worth $22,800,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Nordea Investment Management AB boosted its position in shares of eBay by 3.8% during the 4th quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock worth $573,220,000 after purchasing an additional 335,035 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of 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 in the last quarter. Smead Capital Management Inc. grew its stake in shares of 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 buying an additional 125,708 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of eBay by 4.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,888,758 shares of the e-commerce company’s stock valued at $117,009,000 after buying an additional 73,351 shares during the period. Finally, Wellington Management Group LLP acquired a new position in eBay during the 3rd quarter worth about $105,506,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on EBAY. Citigroup boosted their price target on shares of eBay from $68.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Deutsche Bank Aktiengesellschaft reduced their target price on shares of eBay from $70.00 to $63.00 and set a “buy” rating on the stock in a report on Friday, November 1st. JMP Securities restated a “market perform” rating on shares of eBay in a research note on Monday, December 16th. Truist Financial increased their price objective on eBay from $58.00 to $62.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Finally, Sanford C. Bernstein raised eBay from a “market perform” rating to an “outperform” rating and set a $70.00 target price for the company in a research note on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $62.83.

eBay Stock Up 0.5 %

Shares of NASDAQ EBAY opened at $67.19 on Wednesday. The business has a 50-day moving average price of $64.03 and a 200 day moving average price of $61.60. The stock has a market cap of $32.18 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 2.02 and a beta of 1.35. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 52-week low of $40.74 and a 52-week high of $71.52.

Insider Buying and Selling at eBay

In other eBay news, CFO Stephen J. Priest sold 1,033 shares of eBay stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $64.93, for a total value of $67,072.69. Following the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at approximately $4,225,644.40. The trade was a 1.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Cornelius Boone sold 3,989 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total transaction of $260,082.80. Following the completion of the sale, the senior vice president now directly owns 71,469 shares of the company’s stock, valued at $4,659,778.80. The trade was a 5.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,149 shares of company stock worth $1,704,778. 0.38% of the stock is owned by insiders.

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.