CIBC Asset Management Inc Acquires 1,939 Shares of eBay Inc. (NASDAQ:EBAY)

CIBC Asset Management Inc increased its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 2.7% during the fourth quarter, HoldingsChannel reports. The firm owned 74,296 shares of the e-commerce company’s stock after buying an additional 1,939 shares during the period. CIBC Asset Management Inc’s holdings in eBay were worth $4,603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new position in shares of eBay during the fourth quarter valued at $27,000. Quarry LP purchased a new stake in eBay during the third quarter valued at $36,000. New Wave Wealth Advisors LLC purchased a new stake in eBay during the fourth quarter valued at $36,000. Versant Capital Management Inc increased its position in eBay by 115.5% during the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after acquiring an additional 448 shares during the last quarter. Finally, Financial Management Professionals Inc. increased its position in eBay by 276.0% during the third quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock valued at $55,000 after acquiring an additional 621 shares during the last quarter. 87.48% of the stock is owned by institutional investors.

eBay Stock Performance

NASDAQ:EBAY opened at $69.33 on Thursday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 12-month low of $42.97 and a 12-month high of $71.52. The stock has a 50-day moving average price of $65.53 and a 200 day moving average price of $63.13. The stock has a market capitalization of $33.21 billion, a P/E ratio of 17.42, a P/E/G ratio of 2.23 and a beta of 1.35.

Insiders Place Their Bets

In other eBay news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total value of $355,556.25. Following the sale, 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Stephen J. Priest sold 1,033 shares of eBay stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $64.93, for a total value of $67,072.69. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 27,149 shares of company stock valued at $1,746,065 in the last quarter. 0.38% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms recently commented on EBAY. Needham & Company LLC reiterated a “buy” rating and set a $72.00 price objective on shares of eBay in a research report on Thursday, October 31st. Truist Financial upped their price objective on eBay from $58.00 to $62.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Robert W. Baird reduced their price objective on eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Mizuho upped their price objective on eBay from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Finally, Citigroup upped their price target on eBay from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, eBay currently has a consensus rating of “Hold” and a consensus target price of $63.13.

About eBay

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.