eBay Inc. $EBAY Shares Sold by AGF Management Ltd.

AGF Management Ltd. lowered its position in shares of eBay Inc. (NASDAQ:EBAY) by 17.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,999 shares of the e-commerce company’s stock after selling 7,279 shares during the quarter. AGF Management Ltd.’s holdings in eBay were worth $3,183,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EBAY. Nordea Investment Management AB raised its holdings in shares of eBay by 5.6% in the 2nd quarter. Nordea Investment Management AB now owns 9,085,603 shares of the e-commerce company’s stock worth $674,061,000 after purchasing an additional 478,410 shares in the last quarter. Invesco Ltd. boosted its holdings in eBay by 1.7% during the second quarter. Invesco Ltd. now owns 8,581,556 shares of the e-commerce company’s stock worth $638,983,000 after buying an additional 140,160 shares in the last quarter. Impax Asset Management Group plc grew its position in eBay by 7.8% in the second quarter. Impax Asset Management Group plc now owns 3,810,634 shares of the e-commerce company’s stock worth $282,838,000 after buying an additional 275,344 shares during the last quarter. ABN AMRO Bank N.V. bought a new position in shares of eBay in the second quarter valued at $235,149,000. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of eBay by 5.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,817,489 shares of the e-commerce company’s stock valued at $256,251,000 after acquiring an additional 157,537 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors.

eBay Stock Down 7.1%

EBAY stock opened at $85.84 on Thursday. The company has a 50 day moving average of $88.05 and a two-hundred day moving average of $89.28. The company has a market cap of $38.80 billion, a price-to-earnings ratio of 18.66, a PEG ratio of 2.15 and a beta of 1.38. eBay Inc. has a 12-month low of $58.71 and a 12-month high of $101.15. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.06.

Wall Street Analyst Weigh In

EBAY has been the topic of a number of recent research reports. Truist Financial lifted 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 dropped their price target on eBay from $78.00 to $77.00 and set a “sell” rating on the stock in a research note on Wednesday, January 14th. Citigroup reaffirmed a “market outperform” rating on shares of eBay in a research note on Thursday, October 30th. Piper Sandler dropped their target price on shares of eBay from $102.00 to $98.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 11th. Finally, Wedbush boosted their price target on shares of eBay from $90.00 to $95.00 and gave the company a “neutral” rating in a report on Friday, October 31st. 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $95.66.

Insider Transactions at eBay

In other news, SVP Julie A. Loeger sold 2,896 shares of the firm’s 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 completion of the sale, the senior vice president directly owned 55,990 shares of the company’s stock, valued at $4,615,815.60. This trade represents a 4.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Cornelius Boone sold 4,462 shares of eBay stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $83.94, for a total value of $374,540.28. Following the sale, the senior vice president owned 91,921 shares of the company’s stock, valued at approximately $7,715,848.74. This represents a 4.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 44,590 shares of company stock valued at $4,000,814 in the last three months. 0.64% of the stock is currently owned by insiders.

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.