Thrivent Financial for Lutherans Has $3.99 Million Stake in eBay Inc. $EBAY

Thrivent Financial for Lutherans lowered its position in shares of eBay Inc. (NASDAQ:EBAY) by 35.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 43,868 shares of the e-commerce company’s stock after selling 23,800 shares during the period. Thrivent Financial for Lutherans’ holdings in eBay were worth $3,990,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Princeton Global Asset Management LLC raised its holdings in eBay by 433.9% in the 2nd quarter. Princeton Global Asset Management LLC now owns 331 shares of the e-commerce company’s stock valued at $25,000 after buying an additional 269 shares during the last quarter. Financial Consulate Inc. acquired a new position in eBay in the 3rd quarter valued at approximately $27,000. Steigerwald Gordon & Koch Inc. bought a new position in shares of eBay during the third quarter valued at $28,000. Sumitomo Mitsui Financial Group Inc. raised its stake in shares of eBay by 155.3% during the second quarter. Sumitomo Mitsui Financial Group Inc. now owns 411 shares of the e-commerce company’s stock valued at $30,000 after acquiring an additional 250 shares during the last quarter. Finally, Salomon & Ludwin LLC acquired a new position in shares of eBay during the third quarter worth $32,000. 87.48% of the stock is currently owned by institutional investors.

eBay Stock Performance

NASDAQ:EBAY opened at $86.55 on Friday. 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 company has a fifty day moving average of $88.21 and a 200-day moving average of $89.37. The firm has a market capitalization of $39.12 billion, a P/E ratio of 18.82, a P/E/G ratio of 2.02 and a beta of 1.38.

Insider Activity 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 value of $238,746.24. Following the completion of the sale, the senior vice president directly owned 55,990 shares in the company, valued at $4,615,815.60. This trade represents a 4.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Mazen Rawashdeh sold 1,920 shares of the stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $81.90, for a total value of $157,248.00. Following the completion of the transaction, the senior vice president owned 5,746 shares in the company, valued at approximately $470,597.40. The trade was a 25.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 44,590 shares of company stock worth $4,000,814 over the last quarter. Company insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on EBAY shares. Cantor Fitzgerald raised their target price on eBay from $85.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Truist Financial raised their price objective on eBay from $86.00 to $92.00 and gave the stock a “hold” rating in a research report on Monday, November 3rd. Jefferies Financial Group lifted their price objective on eBay from $60.00 to $65.00 and gave the stock an “underperform” rating in a research note on Friday, October 17th. Evercore upped their target price on eBay from $90.00 to $93.00 and gave the company an “in-line” rating in a report on Thursday, October 30th. Finally, UBS Group set a $112.00 price target on shares of eBay in a report on Tuesday, January 13th. Fourteen investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus 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.