Aberdeen Group plc Has $39.20 Million Stock Holdings in eBay Inc. $EBAY

Aberdeen Group plc lowered its stake in eBay Inc. (NASDAQ:EBAY) by 6.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 431,854 shares of the e-commerce company’s stock after selling 28,391 shares during the quarter. Aberdeen Group plc owned approximately 0.10% of eBay worth $39,202,000 as of its most recent SEC filing.

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

eBay Stock Up 3.7%

Shares of EBAY opened at $82.38 on Tuesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.92 and a quick ratio of 0.92. eBay Inc. has a one year low of $58.71 and a one year high of $101.15. The company has a market cap of $37.24 billion, a P/E ratio of 17.91, a P/E/G ratio of 1.92 and a beta of 1.38. The firm has a 50 day simple moving average of $88.32 and a two-hundred day simple moving average of $89.50.

Analyst Ratings Changes

EBAY has been the topic of several recent analyst reports. Sanford C. Bernstein set a $90.00 price objective on shares of eBay in a research note on Friday, October 31st. Stifel Nicolaus lowered their price target on eBay from $89.00 to $88.00 in a research report on Thursday, October 30th. Cantor Fitzgerald upped their price objective on eBay from $85.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. Citigroup reissued a “market outperform” rating on shares of eBay in a report on Thursday, October 30th. Finally, Arete Research raised their price target on eBay from $91.00 to $103.00 and gave the company a “neutral” rating in a report on Thursday, January 15th. Fourteen investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $95.66.

Insider Activity at eBay

In other news, SVP Jordan Douglas Bradle Sweetnam sold 33,441 shares of the stock in a transaction on Friday, January 30th. The stock was sold at an average price of $91.99, for a total value of $3,076,237.59. Following the completion of the transaction, the senior vice president directly owned 4,733 shares in the company, valued at approximately $435,388.67. This represents a 87.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Cornelius Boone sold 4,462 shares of eBay stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $83.94, for a total transaction of $374,540.28. Following the transaction, the senior vice president owned 91,921 shares in the company, valued at approximately $7,715,848.74. This trade represents a 4.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 43,584 shares of company stock worth $3,918,282. Corporate 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.