ING Groep NV Takes Position in eBay Inc. (NASDAQ:EBAY)

ING Groep NV acquired a new position in eBay Inc. (NASDAQ:EBAY) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 21,878 shares of the e-commerce company’s stock, valued at approximately $1,355,000.

Other large investors also recently added to or reduced their stakes in the company. O Brien Greene & Co. Inc boosted its position in shares of eBay by 2.1% during the 4th quarter. O Brien Greene & Co. Inc now owns 16,016 shares of the e-commerce company’s stock valued at $992,000 after acquiring an additional 334 shares during the last quarter. Hussman Strategic Advisors Inc. purchased a new stake in eBay during the fourth quarter valued at about $1,041,000. Kentucky Retirement Systems Insurance Trust Fund lifted its position in eBay by 185.0% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 41,261 shares of the e-commerce company’s stock worth $2,556,000 after buying an additional 26,783 shares during the last quarter. Kestra Investment Management LLC lifted its holdings in shares of eBay by 172.5% in the 4th quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company’s stock worth $692,000 after acquiring an additional 7,074 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its position in eBay by 190.4% during the fourth quarter. Venturi Wealth Management LLC now owns 2,390 shares of the e-commerce company’s stock valued at $148,000 after buying an additional 1,567 shares during the period. Institutional investors own 87.48% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on EBAY shares. Stifel Nicolaus increased their price objective on eBay from $56.00 to $64.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Robert W. Baird dropped their target price on shares of eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Mizuho boosted their price target on shares of eBay from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Barclays decreased their price target on shares of 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 report on Monday, December 9th. They set a “neutral” rating and a $70.00 target price on the stock. 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. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $63.13.

eBay Stock Down 0.1 %

eBay stock opened at $69.39 on Monday. eBay Inc. has a 12 month low of $43.12 and a 12 month high of $71.52. The stock has a fifty day simple moving average of $65.87 and a two-hundred day simple moving average of $63.43. 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 cap of $33.24 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 2.22 and a beta of 1.35.

Insider Activity at eBay

In other news, CFO Stephen J. Priest sold 5,252 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $63.63, for a total transaction of $334,184.76. Following the completion of the transaction, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at $4,141,040.40. The trade was a 7.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total transaction of $355,556.25. Following the completion of the sale, the chief executive officer now owns 531,167 shares in the company, valued at $33,575,066.07. This represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,149 shares of company stock valued at $1,746,065 over the last ninety days. Insiders own 0.38% of the company’s stock.

eBay 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.