Forsta AP Fonden Boosts Holdings in eBay Inc. (NASDAQ:EBAY)

Forsta AP Fonden grew its holdings in eBay Inc. (NASDAQ:EBAY) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 208,600 shares of the e-commerce company’s stock after purchasing an additional 1,000 shares during the quarter. Forsta AP Fonden’s holdings in eBay were worth $12,923,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in EBAY. Quarry LP purchased a new position in shares of eBay in the third quarter valued at approximately $36,000. USA Financial Formulas purchased a new position in eBay in the third quarter worth approximately $38,000. Northwest Investment Counselors LLC purchased a new position in eBay in the third quarter worth approximately $50,000. Versant Capital Management Inc lifted its stake in 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 acquiring an additional 448 shares during the last quarter. Finally, Financial Management Professionals Inc. lifted its stake in 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 acquiring an additional 621 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on EBAY. Needham & Company LLC reiterated a “buy” rating and issued a $72.00 price target on shares of eBay in a research note on Thursday, October 31st. Citigroup lifted 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 lifted 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. StockNews.com downgraded shares of eBay from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Mizuho boosted their price objective on shares of eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $62.83.

eBay Price Performance

eBay stock opened at $66.00 on Thursday. eBay Inc. has a 52 week low of $40.74 and a 52 week high of $71.52. 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’s 50-day simple moving average is $64.15 and its 200 day simple moving average is $61.69. The firm has a market capitalization of $31.61 billion, a PE ratio of 16.58, a P/E/G ratio of 2.02 and a beta of 1.35.

Insider Buying and Selling

In related news, CFO Stephen J. Priest sold 5,252 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $63.63, for a total value of $334,184.76. Following the sale, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,141,040.40. The trade was a 7.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total transaction of $355,556.25. Following the completion of the transaction, the chief executive officer now owns 531,167 shares in the company, valued at approximately $33,575,066.07. This trade represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,149 shares of company stock worth $1,704,778 in the last three months. Corporate insiders own 0.38% of the company’s stock.

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.