Allspring Global Investments Holdings LLC Decreases Position in eBay Inc. (NASDAQ:EBAY)

Allspring Global Investments Holdings LLC lessened its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 2.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 101,050 shares of the e-commerce company’s stock after selling 2,943 shares during the period. Allspring Global Investments Holdings LLC’s holdings in eBay were worth $4,516,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Securian Asset Management Inc. lifted its holdings in shares of eBay by 0.5% during the 1st quarter. Securian Asset Management Inc. now owns 44,831 shares of the e-commerce company’s stock valued at $1,989,000 after purchasing an additional 231 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of eBay by 0.3% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 91,994 shares of the e-commerce company’s stock valued at $4,082,000 after acquiring an additional 266 shares during the period. Boyar Asset Management Inc. increased its position in shares of eBay by 0.8% in the 1st quarter. Boyar Asset Management Inc. now owns 35,156 shares of the e-commerce company’s stock valued at $1,560,000 after acquiring an additional 293 shares during the period. O Brien Greene & Co. Inc increased its position in shares of eBay by 2.0% in the 1st quarter. O Brien Greene & Co. Inc now owns 15,562 shares of the e-commerce company’s stock valued at $690,000 after acquiring an additional 300 shares during the period. Finally, Integrated Advisors Network LLC increased its position in shares of eBay by 3.7% in the 1st quarter. Integrated Advisors Network LLC now owns 8,878 shares of the e-commerce company’s stock valued at $394,000 after acquiring an additional 314 shares during the period. Hedge funds and other institutional investors own 85.87% of the company’s stock.

eBay Trading Up 4.0 %

Shares of eBay stock opened at $40.54 on Friday. The firm has a market capitalization of $21.57 billion, a PE ratio of 16.41, a P/E/G ratio of 1.43 and a beta of 1.33. eBay Inc. has a twelve month low of $37.93 and a twelve month high of $52.23. The firm’s 50-day moving average price is $42.65 and its 200 day moving average price is $44.03. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 1.47.

Insider Activity at eBay

In related news, SVP Edward O. Garcia sold 5,679 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $43.36, for a total value of $246,241.44. Following the transaction, the senior vice president now directly owns 17,988 shares of the company’s stock, valued at approximately $779,959.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other eBay news, SVP Edward O. Garcia sold 5,679 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $43.36, for a total value of $246,241.44. Following the transaction, the senior vice president now directly owns 17,988 shares of the company’s stock, valued at approximately $779,959.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Cornelius Boone sold 4,891 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $43.63, for a total transaction of $213,394.33. Following the completion of the transaction, the senior vice president now directly owns 49,845 shares in the company, valued at $2,174,737.35. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,751 shares of company stock valued at $510,785. 0.21% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on EBAY. TheStreet downgraded eBay from a “b-” rating to a “c” rating in a research report on Wednesday, July 26th. StockNews.com assumed coverage on eBay in a research report on Thursday, October 5th. They issued a “buy” rating on the stock. Bank of America cut their price target on eBay from $54.00 to $52.00 in a research report on Thursday, July 27th. Barclays cut their price target on eBay from $59.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, July 27th. Finally, Stifel Nicolaus assumed coverage on eBay in a research report on Tuesday, October 17th. They set a “hold” rating and a $46.00 price target on the stock. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $48.74.

eBay Company Profile

eBay Inc operates marketplace platforms that connect buyers and sellers in the United States and internationally. The company's marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps. Its platforms enable users to list, buy, and sell various products. The company was founded in 1995 and is headquartered in San Jose, California.