Azzad Asset Management Inc. ADV Invests $895,000 in eBay Inc. $EBAY

Azzad Asset Management Inc. ADV purchased a new stake in eBay Inc. (NASDAQ:EBAY) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 9,845 shares of the e-commerce company’s stock, valued at approximately $895,000.

Other large investors have also added to or reduced their stakes in the company. Financial Consulate Inc. bought a new stake in shares of eBay during the 3rd quarter valued at $27,000. Steigerwald Gordon & Koch Inc. acquired a new position in eBay in the third quarter valued at about $28,000. 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 valued at $25,000 after purchasing an additional 269 shares in the last quarter. Salomon & Ludwin LLC bought a new stake in eBay during the third quarter worth about $32,000. Finally, Sumitomo Mitsui Financial Group Inc. grew its stake in eBay by 155.3% during the second quarter. Sumitomo Mitsui Financial Group Inc. now owns 411 shares of the e-commerce company’s stock worth $30,000 after buying an additional 250 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insider Buying and Selling

In related news, SVP Mazen Rawashdeh sold 1,920 shares of the company’s 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 sale, the senior vice president directly owned 5,746 shares in the company, valued at $470,597.40. This represents a 25.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Jordan Douglas Bradle Sweetnam sold 33,441 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $91.99, for a total transaction of $3,076,237.59. Following the transaction, the senior vice president owned 4,733 shares of the company’s stock, valued at approximately $435,388.67. The trade was a 87.60% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 44,590 shares of company stock worth $4,000,814. Corporate insiders own 0.64% of the company’s stock.

eBay Stock Up 0.9%

NASDAQ:EBAY opened at $87.36 on Tuesday. 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 $39.49 billion, a PE ratio of 18.99, a P/E/G ratio of 2.02 and a beta of 1.38. The firm’s 50 day simple moving average is $88.30 and its 200 day simple moving average is $89.45.

Wall Street Analysts Forecast Growth

EBAY has been the subject of several analyst reports. Piper Sandler dropped their target price on shares of eBay from $102.00 to $98.00 and set an “overweight” rating for the company in a research report on Tuesday, November 11th. B. Riley Financial lifted their price objective on shares of eBay from $94.00 to $96.00 and gave the company a “buy” rating in a research note on Monday, October 20th. Truist Financial boosted their price objective on shares of eBay from $86.00 to $92.00 and gave the company a “hold” rating in a research report on Monday, November 3rd. Cantor Fitzgerald upped their target price on eBay from $85.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Finally, UBS Group set a $112.00 price target on eBay in a research note on Tuesday, January 13th. Fourteen equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $95.66.

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.