eBay Inc. (NASDAQ:EBAY) Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its position in eBay Inc. (NASDAQ:EBAY) by 4.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,888,758 shares of the e-commerce company’s stock after acquiring an additional 73,351 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in eBay were worth $117,009,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Quarry LP acquired a new position in shares of eBay during the 3rd quarter worth approximately $36,000. USA Financial Formulas acquired a new position in shares of eBay during the 3rd quarter worth approximately $38,000. Northwest Investment Counselors LLC acquired a new position in shares of eBay during the 3rd quarter worth approximately $50,000. Versant Capital Management Inc boosted its holdings in shares of eBay by 115.5% during the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after purchasing an additional 448 shares during the last quarter. Finally, Financial Management Professionals Inc. boosted its holdings in shares of eBay by 276.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock worth $55,000 after purchasing an additional 621 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Stock Up 0.5 %

eBay stock opened at $67.19 on Wednesday. eBay Inc. has a twelve month low of $40.74 and a twelve month high of $71.52. The stock’s fifty day simple moving average is $64.03 and its 200-day simple moving average is $61.60. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $32.18 billion, a P/E ratio of 16.88, a P/E/G ratio of 2.02 and a beta of 1.35.

Insider Transactions at eBay

In related news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total transaction of $355,556.25. Following the completion of the transaction, the chief executive officer now owns 531,167 shares in the company, valued at approximately $33,575,066.07. The trade was a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Stephen J. Priest sold 5,252 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $63.63, for a total transaction of $334,184.76. Following the transaction, the chief financial officer now owns 65,080 shares of the company’s stock, valued at approximately $4,141,040.40. The trade was a 7.47 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,149 shares of company stock valued at $1,704,778. 0.38% of the stock is currently owned by company insiders.

Analyst Ratings Changes

EBAY has been the topic of several recent research reports. Cantor Fitzgerald restated a “neutral” rating and set a $62.00 target price on shares of eBay in a report on Monday, October 7th. Deutsche Bank Aktiengesellschaft decreased their price objective on eBay from $70.00 to $63.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Truist Financial upped their price objective on eBay from $58.00 to $62.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Jefferies Financial Group cut eBay from a “hold” rating to an “underperform” rating and decreased their price objective for the company from $60.00 to $52.00 in a report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. decreased their price objective on eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, eBay presently has a consensus rating of “Hold” and a consensus target price of $62.83.

eBay Company Profile

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company’s marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.