BI Asset Management Fondsmaeglerselskab A S Sells 78,351 Shares of eBay Inc. $EBAY

BI Asset Management Fondsmaeglerselskab A S lowered its stake in eBay Inc. (NASDAQ:EBAY) by 10.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 666,276 shares of the e-commerce company’s stock after selling 78,351 shares during the period. BI Asset Management Fondsmaeglerselskab A S owned 0.15% of eBay worth $60,598,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Princeton Global Asset Management LLC raised its stake in eBay by 433.9% in 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. Financial Consulate Inc. purchased a new position in shares of eBay during the 3rd quarter worth approximately $27,000. GFG Capital LLC bought a new position in shares of eBay in the 2nd quarter worth approximately $28,000. Steigerwald Gordon & Koch Inc. bought a new position in shares of eBay in the 3rd quarter worth approximately $28,000. Finally, Sumitomo Mitsui Financial Group Inc. lifted its stake in shares of eBay by 155.3% in the 2nd quarter. Sumitomo Mitsui Financial Group Inc. now owns 411 shares of the e-commerce company’s stock valued at $30,000 after purchasing an additional 250 shares during the period. 87.48% of the stock is currently owned by institutional investors.

Insider Activity at eBay

In other news, SVP Cornelius Boone sold 4,462 shares of the firm’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $83.94, for a total value of $374,540.28. Following the transaction, the senior vice president directly owned 91,921 shares in the company, valued at $7,715,848.74. This trade represents a 4.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Julie A. Loeger sold 2,896 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $82.44, for a total value of $238,746.24. Following the sale, the senior vice president 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 position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 44,590 shares of company stock worth $4,000,814. Company insiders own 0.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Wall Street Zen raised eBay from a “hold” rating to a “buy” rating in a research note on Saturday, January 3rd. Needham & Company LLC increased their price target on shares of eBay from $95.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. TD Cowen reissued a “hold” rating on shares of eBay in a research report on Monday, October 20th. UBS Group set a $112.00 price objective on shares of eBay in a report on Tuesday, January 13th. Finally, Benchmark raised their target price on shares of eBay from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Fourteen investment analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $95.66.

eBay Price Performance

EBAY opened at $85.84 on Thursday. The company’s 50-day simple moving average is $88.05 and its two-hundred day simple moving average is $89.28. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market capitalization of $38.80 billion, a P/E ratio of 18.66, a P/E/G ratio of 2.15 and a beta of 1.38. eBay Inc. has a 52-week low of $58.71 and a 52-week high of $101.15.

eBay Company 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.