First Citizens Bank & Trust Co. Acquires New Shares in eBay Inc. $EBAY

First Citizens Bank & Trust Co. bought a new position in eBay Inc. (NASDAQ:EBAY) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 5,425 shares of the e-commerce company’s stock, valued at approximately $493,000.

A number of other institutional investors have also recently made changes to their positions in EBAY. Princeton Global Asset Management LLC raised its holdings in shares of eBay by 433.9% during the second quarter. Princeton Global Asset Management LLC now owns 331 shares of the e-commerce company’s stock valued at $25,000 after purchasing an additional 269 shares during the last quarter. Financial Consulate Inc. bought a new stake in eBay in the 3rd quarter worth approximately $27,000. GFG Capital LLC purchased a new stake in eBay during the 2nd quarter valued at $28,000. Steigerwald Gordon & Koch Inc. purchased a new stake in eBay during the 3rd quarter valued at $28,000. Finally, Sumitomo Mitsui Financial Group Inc. lifted its holdings in shares of eBay by 155.3% during the 2nd quarter. Sumitomo Mitsui Financial Group Inc. now owns 411 shares of the e-commerce company’s stock valued at $30,000 after buying an additional 250 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insider Buying and Selling at eBay

In related news, SVP Mazen Rawashdeh sold 1,920 shares of eBay stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $81.90, for a total transaction of $157,248.00. Following the sale, the senior vice president owned 5,746 shares of the company’s stock, valued at approximately $470,597.40. This trade represents a 25.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jordan Douglas Bradle Sweetnam sold 865 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $82.67, for a total value of $71,509.55. Following the completion of the transaction, the senior vice president directly owned 4,733 shares in the company, valued at approximately $391,277.11. This represents a 15.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 53,675 shares of company stock valued at $4,388,825. 0.64% of the stock is currently owned by corporate insiders.

eBay Stock Performance

EBAY opened at $95.20 on Wednesday. The company has a 50 day simple moving average of $86.77 and a two-hundred day simple moving average of $88.74. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market cap of $43.03 billion, a P/E ratio of 20.70, a PEG ratio of 2.20 and a beta of 1.35. eBay Inc. has a 1-year low of $58.71 and a 1-year high of $101.15.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.03. The company had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.73 billion. eBay had a net margin of 20.37% and a return on equity of 41.94%. eBay’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.19 EPS. Equities analysts forecast that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on EBAY. The Goldman Sachs Group reduced their price objective on eBay from $78.00 to $77.00 and set a “sell” rating for the company in a research report on Wednesday, January 14th. Stifel Nicolaus reduced their price target on shares of eBay from $89.00 to $88.00 in a research report on Thursday, October 30th. TD Cowen reiterated a “hold” rating on shares of eBay in a research note on Monday, October 20th. Wedbush boosted their target price on shares of eBay from $90.00 to $95.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Finally, BMO Capital Markets upped their target price on shares of eBay from $102.00 to $107.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. 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 MarketBeat, eBay currently has a consensus rating of “Hold” and a consensus 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.