Y Intercept Hong Kong Ltd Has $1.98 Million Position in eBay Inc. $EBAY

Y Intercept Hong Kong Ltd decreased its position in shares of eBay Inc. (NASDAQ:EBAY) by 83.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 21,711 shares of the e-commerce company’s stock after selling 108,068 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in eBay were worth $1,975,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Princeton Global Asset Management LLC lifted its stake in shares of eBay by 433.9% during the second quarter. Princeton Global Asset Management LLC now owns 331 shares of the e-commerce company’s stock valued at $25,000 after acquiring an additional 269 shares during the period. Financial Consulate Inc. bought a new stake in eBay during the 3rd quarter worth about $27,000. GFG Capital LLC acquired a new position in eBay during the 2nd quarter valued at about $28,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of eBay during the 3rd quarter worth approximately $28,000. Finally, Sumitomo Mitsui Financial Group Inc. raised its stake in shares of eBay by 155.3% during the second quarter. Sumitomo Mitsui Financial Group Inc. now owns 411 shares of the e-commerce company’s stock worth $30,000 after buying an additional 250 shares during the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EBAY. Truist Financial raised their price objective on shares of eBay from $86.00 to $92.00 and gave the company a “hold” rating in a research note on Monday, November 3rd. President Capital reduced their price target on eBay from $103.00 to $94.00 and set a “buy” rating on the stock in a research report on Friday, December 19th. Barclays upped their price objective on eBay from $92.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Wells Fargo & Company raised their target price on eBay from $96.00 to $98.00 and gave the stock an “equal weight” rating in a report on Thursday, January 8th. Finally, Stifel Nicolaus decreased their target price on eBay from $89.00 to $88.00 in a research report on Thursday, October 30th. Fourteen investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, eBay has a consensus rating of “Hold” and an average price target of $95.66.

Insider Transactions at eBay

In other eBay news, CEO Jamie Iannone sold 7,221 shares of eBay stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $81.08, for a total value of $585,478.68. Following the transaction, the chief executive officer owned 235,781 shares of the company’s stock, valued at approximately $19,117,123.48. The trade was a 2.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Jordan Douglas Bradle Sweetnam sold 35,305 shares of the stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $81.54, for a total transaction of $2,878,769.70. Following the sale, the senior vice president directly owned 2,862 shares of the company’s stock, valued at $233,367.48. This represents a 92.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 53,675 shares of company stock valued at $4,388,825. 0.64% of the stock is currently owned by insiders.

eBay Stock Down 0.0%

Shares of eBay stock opened at $95.17 on Thursday. The company has a market capitalization of $43.02 billion, a P/E ratio of 20.69, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.92 and a quick ratio of 0.92. The business has a 50-day moving average of $87.04 and a two-hundred day moving average of $88.78. eBay Inc. has a 1 year low of $58.71 and a 1 year high of $101.15.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.03. eBay had a return on equity of 41.94% and a net margin of 20.37%.The business had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter in the previous year, the business posted $1.19 EPS. eBay’s revenue for the quarter was up 9.5% on a year-over-year basis. As a group, equities analysts predict that eBay Inc. will post 3.86 EPS for the current year.

About eBay

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.