Baader Bank Aktiengesellschaft Boosts Stock Holdings in eBay Inc. $EBAY

Baader Bank Aktiengesellschaft grew its holdings in eBay Inc. (NASDAQ:EBAY) by 49.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,449 shares of the e-commerce company’s stock after purchasing an additional 7,715 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in eBay were worth $2,118,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Miracle Mile Advisors LLC lifted its holdings in eBay by 0.4% during the third quarter. Miracle Mile Advisors LLC now owns 29,151 shares of the e-commerce company’s stock worth $2,651,000 after buying an additional 118 shares during the period. Garrett Wealth Advisory Group LLC raised its position in shares of eBay by 3.8% in the 2nd quarter. Garrett Wealth Advisory Group LLC now owns 3,278 shares of the e-commerce company’s stock worth $244,000 after acquiring an additional 119 shares in the last quarter. Groupe la Francaise lifted its stake in shares of eBay by 8.2% during the 2nd quarter. Groupe la Francaise now owns 1,621 shares of the e-commerce company’s stock worth $121,000 after purchasing an additional 123 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in eBay by 9.0% during the second quarter. Parkside Financial Bank & Trust now owns 1,666 shares of the e-commerce company’s stock valued at $124,000 after purchasing an additional 137 shares in the last quarter. Finally, Empower Advisory Group LLC boosted its position in eBay by 3.5% during the second quarter. Empower Advisory Group LLC now owns 4,566 shares of the e-commerce company’s stock valued at $340,000 after purchasing an additional 153 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on EBAY shares. Wedbush boosted their target price on shares of eBay from $90.00 to $95.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Jefferies Financial Group lifted their price objective on shares of eBay from $60.00 to $65.00 and gave the stock an “underperform” rating in a research report on Friday, October 17th. BMO Capital Markets increased their target price on shares of eBay from $102.00 to $107.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Wells Fargo & Company raised their target price on shares of eBay from $96.00 to $98.00 and gave the company an “equal weight” rating in a research note on Thursday, January 8th. Finally, Benchmark upped their price target on eBay from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Fourteen research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, eBay presently has an average rating of “Hold” and an average target price of $95.66.

eBay Trading Up 0.1%

NASDAQ EBAY opened at $87.48 on Wednesday. eBay Inc. has a 12-month low of $58.71 and a 12-month high of $101.15. The company has a fifty day simple moving average of $88.39 and a two-hundred day simple moving average of $89.50. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.06. The stock has a market cap of $39.54 billion, a P/E ratio of 19.02, a P/E/G ratio of 2.03 and a beta of 1.38.

Insider Transactions at eBay

In related news, SVP Julie A. Loeger sold 2,896 shares of eBay stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $82.44, for a total transaction of $238,746.24. Following the completion of the sale, the senior vice president owned 55,990 shares of the company’s stock, valued at $4,615,815.60. The trade was a 4.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Mazen Rawashdeh sold 1,920 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $81.90, for a total value of $157,248.00. Following the completion of the sale, the senior vice president owned 5,746 shares in the company, valued at approximately $470,597.40. This represents a 25.05% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 44,590 shares of company stock worth $4,000,814. 0.64% of the stock is owned by insiders.

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.