AustralianSuper Pty Ltd Sells 791,379 Shares of eBay Inc. $EBAY

AustralianSuper Pty Ltd trimmed its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 51.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 744,036 shares of the e-commerce company’s stock after selling 791,379 shares during the quarter. AustralianSuper Pty Ltd owned about 0.16% of eBay worth $67,670,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of EBAY. Financial Consulate Inc. bought a new position in shares of eBay during the third quarter worth approximately $27,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of eBay in the third quarter valued at approximately $28,000. Princeton Global Asset Management LLC grew its position in eBay by 433.9% during the second quarter. Princeton Global Asset Management LLC now owns 331 shares of the e-commerce company’s stock worth $25,000 after buying an additional 269 shares in the last quarter. Salomon & Ludwin LLC bought a new position in eBay during the 3rd quarter worth $32,000. Finally, GFG Capital LLC bought a new position in eBay during the 2nd quarter worth $28,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insider Buying and Selling at eBay

In other news, SVP Julie A. Loeger sold 2,896 shares of eBay stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $82.44, for a total transaction of $238,746.24. Following the sale, the senior vice president directly owned 55,990 shares of the company’s stock, valued at approximately $4,615,815.60. This trade represents a 4.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jamie Iannone sold 7,221 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $81.08, for a total value of $585,478.68. Following the sale, the chief executive officer owned 235,781 shares in the company, valued at approximately $19,117,123.48. This trade represents a 2.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 53,675 shares of company stock worth $4,388,825 over the last three months. 0.64% of the stock is owned by corporate insiders.

eBay Price Performance

Shares of NASDAQ:EBAY opened at $95.17 on Thursday. eBay Inc. has a one year low of $58.71 and a one year high of $101.15. 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 company has a market cap of $43.02 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 2.22 and a beta of 1.35. The firm has a 50 day simple moving average of $87.04 and a 200 day simple moving average of $88.78.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.03. eBay had a net margin of 20.37% and a return on equity of 41.94%. The company had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the prior year, the business earned $1.19 earnings per share. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. Research analysts predict that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on EBAY. Truist Financial increased their target price on eBay from $86.00 to $92.00 and gave the stock a “hold” rating in a report on Monday, November 3rd. The Goldman Sachs Group cut their price objective on shares of eBay from $78.00 to $77.00 and set a “sell” rating for the company in a research report on Wednesday, January 14th. Sanford C. Bernstein set a $90.00 target price on shares of eBay in a report on Friday, October 31st. BNP Paribas Exane started coverage on shares of eBay in a research report on Monday, November 24th. They issued a “hold” rating for the company. Finally, Benchmark upped their price target on shares of eBay from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Fourteen equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price 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.