Envestnet Asset Management Inc. Has $138.15 Million Position in eBay Inc. $EBAY

Envestnet Asset Management Inc. lessened its stake in shares of eBay Inc. (NASDAQ:EBAY) by 1.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,518,999 shares of the e-commerce company’s stock after selling 14,714 shares during the period. Envestnet Asset Management Inc. owned 0.33% of eBay worth $138,153,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Nordea Investment Management AB lifted its position in eBay by 5.6% during the second 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 during the period. Invesco Ltd. lifted its holdings in shares of eBay by 1.7% during the 2nd quarter. Invesco Ltd. now owns 8,581,556 shares of the e-commerce company’s stock worth $638,983,000 after acquiring an additional 140,160 shares during the period. Impax Asset Management Group plc boosted its position in shares of eBay by 7.8% during the 2nd quarter. Impax Asset Management Group plc now owns 3,810,634 shares of the e-commerce company’s stock worth $282,838,000 after acquiring an additional 275,344 shares in the last quarter. ABN AMRO Bank N.V. bought a new position in eBay in the second quarter valued at approximately $235,149,000. Finally, Robeco Institutional Asset Management B.V. raised its position in eBay by 5.9% during the third 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 purchasing an additional 157,537 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Citigroup reiterated a “market outperform” rating on shares of eBay in a research note on Thursday, October 30th. Stifel Nicolaus decreased their target price on eBay from $89.00 to $88.00 in a research report on Thursday, October 30th. UBS Group set a $112.00 target price on shares of eBay in a report on Tuesday, January 13th. Wells Fargo & Company lifted their price target on shares of eBay from $96.00 to $98.00 and gave the company an “equal weight” rating in a report on Thursday, January 8th. Finally, Jefferies Financial Group raised their target price on shares of eBay from $60.00 to $65.00 and gave the company an “underperform” rating in a research report on Friday, October 17th. Fourteen equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, eBay currently has an average rating of “Hold” and an average price target of $95.66.

eBay Stock Performance

NASDAQ EBAY opened at $86.55 on Friday. The company has a market capitalization of $39.12 billion, a price-to-earnings ratio of 18.82, a PEG ratio of 2.01 and a beta of 1.38. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.06. eBay Inc. has a twelve month low of $58.71 and a twelve month high of $101.15. The stock has a fifty day simple moving average of $88.21 and a 200 day simple moving average of $89.31.

Insider Buying and Selling

In other news, SVP Cornelius Boone sold 4,462 shares of the stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $83.94, for a total transaction of $374,540.28. Following the completion of the sale, the senior vice president directly owned 91,921 shares in the company, valued at $7,715,848.74. This represents a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Julie A. Loeger sold 2,896 shares of eBay stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $82.44, for a total transaction of $238,746.24. Following the transaction, the senior vice president directly owned 55,990 shares of the company’s stock, valued at $4,615,815.60. This represents a 4.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 44,590 shares of company stock valued at $4,000,814 in the last ninety days. Insiders own 0.64% of the company’s stock.

About eBay

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.