Robeco Institutional Asset Management B.V. Buys 73,351 Shares of eBay Inc. (NASDAQ:EBAY)

Robeco Institutional Asset Management B.V. raised its stake in shares of eBay Inc. (NASDAQ:EBAY) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,888,758 shares of the e-commerce company’s stock after acquiring an additional 73,351 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.39% of eBay worth $117,009,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of EBAY. Wellington Management Group LLP bought a new stake in eBay during the 3rd quarter valued at $105,506,000. International Assets Investment Management LLC boosted its position in eBay by 9,092.5% during the 3rd quarter. International Assets Investment Management LLC now owns 585,013 shares of the e-commerce company’s stock valued at $38,090,000 after acquiring an additional 578,649 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of eBay by 599.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 538,744 shares of the e-commerce company’s stock worth $35,078,000 after purchasing an additional 461,708 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of eBay in the 3rd quarter worth $25,132,000. Finally, Truist Financial Corp boosted its position in shares of eBay by 45.4% in the 2nd quarter. Truist Financial Corp now owns 1,089,998 shares of the e-commerce company’s stock worth $58,555,000 after purchasing an additional 340,120 shares in the last quarter. Institutional investors own 87.48% of the company’s stock.

eBay Stock Performance

NASDAQ EBAY opened at $67.19 on Wednesday. The stock has a 50-day simple moving average of $64.03 and a two-hundred day simple moving average of $61.60. The firm has a market capitalization of $32.18 billion, a P/E ratio of 16.88, a PEG ratio of 2.02 and a beta of 1.35. eBay Inc. has a fifty-two week low of $40.74 and a fifty-two week high of $71.52. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25.

Insider Activity at eBay

In related news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $59.91, for a total value of $336,993.75. Following the completion of the transaction, the chief executive officer now owns 548,042 shares in the company, valued at $32,833,196.22. The trade was a 1.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stephen J. Priest sold 1,033 shares of eBay stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $64.93, for a total value of $67,072.69. Following the completion of the transaction, the chief financial officer now owns 65,080 shares of the company’s stock, valued at approximately $4,225,644.40. This represents a 1.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,149 shares of company stock worth $1,704,778 in the last 90 days. Corporate insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Sanford C. Bernstein raised eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price objective for the company in a research report on Tuesday, November 5th. UBS Group lowered their price objective on eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Cantor Fitzgerald reissued a “neutral” rating and issued a $62.00 price objective on shares of eBay in a research report on Monday, October 7th. Needham & Company LLC reissued a “buy” rating and issued a $72.00 price objective on shares of eBay in a research report on Thursday, October 31st. Finally, Wells Fargo & Company lowered their price objective on eBay from $62.00 to $59.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, eBay presently has a consensus rating of “Hold” and an average target price of $62.83.

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.