eBay Inc. (NASDAQ:EBAY) Shares Purchased by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB grew its stake in shares of eBay Inc. (NASDAQ:EBAY) by 6.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 23,140 shares of the e-commerce company’s stock after purchasing an additional 1,340 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in eBay were worth $1,434,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of EBAY. Quarry LP acquired a new position in shares of eBay in the 3rd quarter worth approximately $36,000. USA Financial Formulas acquired a new position in eBay in the third quarter worth $38,000. New Wave Wealth Advisors LLC bought a new stake in eBay during the fourth quarter valued at $36,000. Northwest Investment Counselors LLC acquired a new stake in shares of eBay during the third quarter worth $50,000. Finally, Versant Capital Management Inc lifted its position in shares of eBay by 115.5% in the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after buying an additional 448 shares during the last quarter. Institutional investors own 87.48% of the company’s stock.

eBay Price Performance

NASDAQ:EBAY opened at $66.95 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The business’s 50-day moving average price is $64.51 and its 200 day moving average price is $62.05. eBay Inc. has a 52-week low of $40.74 and a 52-week high of $71.52. The firm has a market cap of $32.07 billion, a P/E ratio of 16.82, a PEG ratio of 2.15 and a beta of 1.35.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EBAY. StockNews.com lowered shares of eBay from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Truist Financial increased their price target on eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Mizuho raised their price target on eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Barclays lowered their price objective on eBay from $65.00 to $64.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Finally, Wedbush initiated coverage on eBay in a research note on Monday, December 9th. They issued a “neutral” rating and a $70.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $62.92.

Insider Activity

In related news, SVP Cornelius Boone sold 3,989 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total transaction of $260,082.80. Following the completion of the sale, the senior vice president now directly owns 71,469 shares in the company, valued at approximately $4,659,778.80. This trade represents a 5.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Stephen J. Priest sold 1,033 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $64.93, for a total value of $67,072.69. Following the sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at $4,225,644.40. This trade represents a 1.56 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,524 shares of company stock worth $1,367,784. Corporate insiders own 0.38% of the company’s stock.

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.