Forsta AP Fonden Grows Holdings in eBay Inc. (NASDAQ:EBAY)

Forsta AP Fonden raised its position in eBay Inc. (NASDAQ:EBAY) by 0.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 208,600 shares of the e-commerce company’s stock after buying an additional 1,000 shares during the period. Forsta AP Fonden’s holdings in eBay were worth $12,923,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EBAY. Public Sector Pension Investment Board lifted its holdings in shares of eBay by 53.9% during the 2nd quarter. Public Sector Pension Investment Board now owns 17,855 shares of the e-commerce company’s stock worth $959,000 after acquiring an additional 6,256 shares during the period. Creative Planning lifted its holdings in shares of eBay by 7.2% during the 2nd quarter. Creative Planning now owns 62,415 shares of the e-commerce company’s stock worth $3,353,000 after acquiring an additional 4,187 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of eBay by 145.9% during the 2nd quarter. NewEdge Advisors LLC now owns 54,112 shares of the e-commerce company’s stock worth $2,907,000 after acquiring an additional 32,110 shares during the period. Sunbelt Securities Inc. lifted its holdings in shares of eBay by 40,340.0% during the 2nd quarter. Sunbelt Securities Inc. now owns 2,022 shares of the e-commerce company’s stock worth $109,000 after acquiring an additional 2,017 shares during the period. Finally, Truist Financial Corp lifted its holdings in shares of eBay by 45.4% during the 2nd quarter. Truist Financial Corp now owns 1,089,998 shares of the e-commerce company’s stock worth $58,555,000 after acquiring an additional 340,120 shares during the period. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Cornelius Boone sold 3,989 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total transaction of $260,082.80. Following the transaction, the senior vice president now directly owns 71,469 shares in the company, valued at $4,659,778.80. This trade represents a 5.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $59.91, for a total value of $336,993.75. Following the transaction, the chief executive officer now owns 548,042 shares in the company, valued at $32,833,196.22. This trade represents a 1.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 27,149 shares of company stock worth $1,704,778. 0.38% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. StockNews.com lowered shares of eBay from a “buy” rating to a “hold” rating in a report on Monday, November 11th. UBS Group cut their price objective on shares of eBay from $72.00 to $66.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Mizuho increased their price objective on shares of eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Benchmark reissued a “buy” rating and set a $65.00 target price on shares of eBay in a research report on Tuesday, October 29th. Finally, Sanford C. Bernstein raised shares of eBay from a “market perform” rating to an “outperform” rating and set a $70.00 target price for the company in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, eBay presently has a consensus rating of “Hold” and a consensus target price of $62.83.

eBay Stock Performance

eBay stock opened at $66.00 on Thursday. The stock has a market cap of $31.61 billion, a P/E ratio of 16.58, a price-to-earnings-growth ratio of 2.02 and a beta of 1.35. 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 stock has a 50 day moving average of $64.15 and a 200-day moving average of $61.69. eBay Inc. has a 52 week low of $40.74 and a 52 week high of $71.52.

About eBay

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.