eBay Inc. $EBAY Shares Sold by ABN AMRO Bank N.V.

ABN AMRO Bank N.V. decreased its position in eBay Inc. (NASDAQ:EBAY) by 92.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 225,875 shares of the e-commerce company’s stock after selling 2,915,039 shares during the period. ABN AMRO Bank N.V.’s holdings in eBay were worth $20,476,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Princeton Global Asset Management LLC increased its stake in eBay by 433.9% during the second quarter. Princeton Global Asset Management LLC now owns 331 shares of the e-commerce company’s stock worth $25,000 after acquiring an additional 269 shares during the last quarter. Financial Consulate Inc. acquired a new position in shares of eBay in the 3rd quarter valued at $27,000. GFG Capital LLC purchased a new position in shares of eBay during the 2nd quarter worth $28,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of eBay during the 3rd quarter worth $28,000. Finally, Sumitomo Mitsui Financial Group Inc. increased its position in shares of eBay by 155.3% during the 2nd quarter. Sumitomo Mitsui Financial Group Inc. now owns 411 shares of the e-commerce company’s stock worth $30,000 after purchasing an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insider Buying and Selling

In other eBay news, SVP Jordan Douglas Bradle Sweetnam sold 33,441 shares of the stock in a transaction dated 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 sale, the senior vice president owned 4,733 shares of the company’s stock, valued at $435,388.67. This trade represents a 87.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 completion of the transaction, the senior vice president owned 91,921 shares of the company’s stock, valued at $7,715,848.74. The trade was a 4.63% decrease in their position. The SEC filing for this sale provides additional information. 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 Price Performance

eBay stock opened at $85.84 on Thursday. 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 52-week low of $58.71 and a 52-week high of $101.15. The firm has a market cap of $38.80 billion, a PE ratio of 18.66, a price-to-earnings-growth ratio of 2.15 and a beta of 1.38. The company’s 50 day moving average is $88.05 and its two-hundred day moving average is $89.28.

Analyst Ratings Changes

A number of research analysts have commented on EBAY shares. Arete Research upped their target price on shares of eBay from $91.00 to $103.00 and gave the company a “neutral” rating in a research report on Thursday, January 15th. Benchmark boosted their price target on shares of eBay from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. JMP Securities upgraded shares of eBay from a “market perform” rating to a “market outperform” rating and set a $115.00 price objective on the stock in a report on Friday, October 24th. Wall Street Zen upgraded shares of eBay from a “hold” rating to a “buy” rating in a report on Saturday, January 3rd. Finally, Truist Financial boosted their target price on eBay from $86.00 to $92.00 and gave the company a “hold” rating in a research report on Monday, November 3rd. 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. According to data from MarketBeat, eBay presently has an average rating of “Hold” and a consensus target price of $95.66.

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.