Avanza Fonder AB Takes Position in eBay Inc. (NASDAQ:EBAY)

Avanza Fonder AB bought a new stake in eBay Inc. (NASDAQ:EBAY) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 52,678 shares of the e-commerce company’s stock, valued at approximately $3,263,000.

Several other institutional investors have also modified their holdings of EBAY. Quarry LP acquired a new stake in shares of eBay in the third quarter valued at about $36,000. USA Financial Formulas purchased a new position in shares of eBay in the third quarter worth about $38,000. Northwest Investment Counselors LLC purchased a new position in shares of eBay in the third quarter worth about $50,000. Versant Capital Management Inc lifted its stake in shares of eBay by 115.5% in the fourth 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 in the last quarter. Finally, Financial Management Professionals Inc. lifted its stake in shares of eBay by 276.0% in the third quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock worth $55,000 after buying an additional 621 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Stifel Nicolaus raised their price target on shares of eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Citigroup raised their price target on shares of eBay from $68.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Piper Sandler raised their price target on shares of eBay from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Benchmark reissued a “buy” rating and issued a $65.00 price target on shares of eBay in a research note on Tuesday, October 29th. Finally, Mizuho raised their price target on shares of eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $62.83.

eBay Price Performance

eBay stock opened at $66.19 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. eBay Inc. has a 52-week low of $40.33 and a 52-week high of $71.52. The firm has a market cap of $31.71 billion, a PE ratio of 16.63, a price-to-earnings-growth ratio of 2.10 and a beta of 1.35. The company’s 50 day moving average is $63.63 and its two-hundred day moving average is $60.97.

eBay Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $0.27 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a yield of 1.63%. eBay’s dividend payout ratio (DPR) is presently 27.14%.

Insider Buying and Selling

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

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.