Tobam Has $101,000 Position in eBay Inc. (NASDAQ:EBAY)

Tobam grew its holdings in eBay Inc. (NASDAQ:EBAY) by 33.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,635 shares of the e-commerce company’s stock after purchasing an additional 412 shares during the quarter. Tobam’s holdings in eBay were worth $101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in EBAY. Private Advisor Group LLC lifted its stake in eBay by 90.7% in the third quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company’s stock valued at $2,963,000 after buying an additional 21,636 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of eBay by 2.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company’s stock valued at $3,489,000 after acquiring an additional 1,063 shares during the period. Prospera Financial Services Inc boosted its stake in eBay by 794.2% during the third quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock worth $4,598,000 after acquiring an additional 62,719 shares in the last quarter. Trustmark National Bank Trust Department bought a new position in eBay during the third quarter worth $1,307,000. Finally, Nordea Investment Management AB grew its holdings in eBay by 3.8% in the fourth quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock worth $573,220,000 after purchasing an additional 335,035 shares during the period. Institutional investors own 87.48% of the company’s stock.

eBay Trading Up 0.5 %

Shares of EBAY stock opened at $67.83 on Friday. 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 firm has a market cap of $32.49 billion, a P/E ratio of 17.04, a PEG ratio of 2.15 and a beta of 1.35. The company has a 50 day moving average of $64.67 and a 200-day moving average of $62.22. eBay Inc. has a 12-month low of $40.74 and a 12-month high of $71.52.

Insiders Place Their Bets

In related news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $67.25, for a total value of $378,281.25. Following the completion of the sale, the chief executive officer now owns 530,998 shares of the company’s stock, valued at approximately $35,709,615.50. This trade represents a 1.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Stephen J. Priest sold 1,033 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $64.93, for a total transaction of $67,072.69. Following the sale, the chief financial officer now directly owns 65,080 shares in the company, valued at approximately $4,225,644.40. This trade represents a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,149 shares of company stock valued at $1,746,065 over the last ninety days. 0.38% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on EBAY shares. Deutsche Bank Aktiengesellschaft cut their price objective on shares of eBay from $70.00 to $63.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Barclays decreased their price objective on eBay from $65.00 to $64.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Wedbush began coverage on eBay in a report on Monday, December 9th. They issued a “neutral” rating and a $70.00 target price on the stock. Jefferies Financial Group lowered shares of eBay from a “hold” rating to an “underperform” rating and decreased their price target for the company from $60.00 to $52.00 in a research note on Tuesday, December 10th. Finally, Bank of America dropped their price objective on shares of eBay from $67.00 to $64.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $62.92.

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.