eBay Inc. $EBAY Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lessened its stake in eBay Inc. (NASDAQ:EBAY) by 1.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 57,144,499 shares of the e-commerce company’s stock after selling 644,683 shares during the quarter. Vanguard Group Inc. owned approximately 12.64% of eBay worth $5,197,292,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Princeton Global Asset Management LLC lifted its stake 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 in the last quarter. Financial Consulate Inc. acquired a new position in shares of eBay during the third quarter valued at approximately $27,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of eBay during the third quarter valued at approximately $28,000. Sumitomo Mitsui Financial Group Inc. lifted its position in shares of eBay by 155.3% in 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 in the last quarter. Finally, Salomon & Ludwin LLC acquired a new stake in shares of eBay in the third quarter worth approximately $32,000. 87.48% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other eBay 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 transaction of $3,076,237.59. Following the transaction, the senior vice president owned 4,733 shares of the company’s stock, valued at $435,388.67. This represents a 87.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Mazen Rawashdeh sold 1,920 shares of the business’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 transaction of $157,248.00. Following the completion of the sale, the senior vice president owned 5,746 shares of the company’s stock, valued at approximately $470,597.40. The trade was a 25.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 43,584 shares of company stock valued at $3,918,282 over the last quarter. 0.64% of the stock is currently owned by company insiders.

eBay Price Performance

Shares of NASDAQ:EBAY opened at $79.95 on Wednesday. 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 firm has a market capitalization of $36.14 billion, a price-to-earnings ratio of 17.38, a price-to-earnings-growth ratio of 1.92 and a beta of 1.38. eBay Inc. has a 12 month low of $58.71 and a 12 month high of $101.15. The business’s 50 day simple moving average is $88.25 and its 200-day simple moving average is $89.41.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Benchmark increased their price objective on shares of eBay from $100.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Truist Financial upped their price target on eBay from $86.00 to $92.00 and gave the stock a “hold” rating in a research note on Monday, November 3rd. Wedbush upped their price objective on eBay from $90.00 to $95.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. BNP Paribas Exane started coverage on shares of eBay in a research note on Monday, November 24th. They set a “hold” rating on the stock. Finally, BMO Capital Markets boosted their target price on eBay from $102.00 to $107.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Thirteen equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $94.42.

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.