Tobam Acquires New Position in eBay Inc. $EBAY

Tobam acquired a new stake in shares of eBay Inc. (NASDAQ:EBAY) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,244 shares of the e-commerce company’s stock, valued at approximately $1,750,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EBAY. State of New Jersey Common Pension Fund D lifted its stake in shares of eBay by 2.1% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 160,585 shares of the e-commerce company’s stock valued at $14,605,000 after buying an additional 3,280 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in eBay by 1.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 189,772 shares of the e-commerce company’s stock valued at $17,260,000 after acquiring an additional 2,677 shares during the period. HighTower Advisors LLC lifted its position in shares of eBay by 2.3% during the third quarter. HighTower Advisors LLC now owns 123,961 shares of the e-commerce company’s stock worth $11,274,000 after acquiring an additional 2,738 shares in the last quarter. Taylor Hoffman Capital Management LLC boosted its holdings in shares of eBay by 1.0% in the third quarter. Taylor Hoffman Capital Management LLC now owns 106,623 shares of the e-commerce company’s stock worth $9,697,000 after acquiring an additional 1,056 shares during the period. Finally, CENTRAL TRUST Co grew its position in shares of eBay by 246.4% in the third quarter. CENTRAL TRUST Co now owns 3,135 shares of the e-commerce company’s stock valued at $285,000 after purchasing an additional 2,230 shares in the last quarter. Institutional investors own 87.48% of the company’s stock.

Insider Activity at eBay

In other eBay news, SVP Cornelius Boone sold 4,462 shares of eBay stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $83.94, for a total transaction of $374,540.28. Following the completion of the sale, the senior vice president owned 91,921 shares of the company’s stock, valued at $7,715,848.74. The trade was a 4.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jordan Douglas Bradle Sweetnam sold 33,441 shares of the stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $91.99, for a total value of $3,076,237.59. Following the transaction, the senior vice president owned 4,733 shares in the company, valued at $435,388.67. This trade represents a 87.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 44,590 shares of company stock valued at $4,000,814. 0.64% of the stock is currently owned by insiders.

eBay Trading Up 3.7%

Shares of eBay stock opened at $82.38 on Monday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.92 and a quick ratio of 0.92. eBay Inc. has a 1 year low of $58.71 and a 1 year high of $101.15. The firm has a market cap of $37.24 billion, a PE ratio of 17.91, a PEG ratio of 1.92 and a beta of 1.38. The company has a 50 day simple moving average of $88.35 and a two-hundred day simple moving average of $89.56.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wells Fargo & Company increased their price objective on eBay from $96.00 to $98.00 and gave the stock an “equal weight” rating in a report on Thursday, January 8th. Piper Sandler lowered their price target on shares of eBay from $102.00 to $98.00 and set an “overweight” rating on the stock in a report on Tuesday, November 11th. JMP Securities raised shares of eBay from a “market perform” rating to a “market outperform” rating and set a $115.00 price objective for the company in a research note on Friday, October 24th. President Capital lowered their target price on shares of eBay from $103.00 to $94.00 and set a “buy” rating on the stock in a research note on Friday, December 19th. Finally, Wall Street Zen lowered shares of eBay from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Fourteen research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $95.66.

eBay Company Profile

eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price “Buy It Now” transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.

The company’s core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.