eBay Inc. $EBAY is LSV Asset Management’s 9th Largest Position

LSV Asset Management reduced its position in shares of eBay Inc. (NASDAQ:EBAY) by 6.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,886,596 shares of the e-commerce company’s stock after selling 405,700 shares during the period. eBay accounts for about 1.2% of LSV Asset Management’s holdings, making the stock its 9th biggest position. LSV Asset Management owned approximately 1.30% of eBay worth $535,386,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in EBAY. Financial Consulate Inc. purchased a new position in shares of eBay in the 3rd quarter worth approximately $27,000. Steigerwald Gordon & Koch Inc. bought a new position in eBay in the 3rd quarter valued at $28,000. Princeton Global Asset Management LLC increased its position in shares of eBay by 433.9% during the 2nd quarter. Princeton Global Asset Management LLC now owns 331 shares of the e-commerce company’s stock valued at $25,000 after purchasing an additional 269 shares during the last quarter. Salomon & Ludwin LLC bought a new stake in shares of eBay during the 3rd quarter worth $32,000. Finally, Sumitomo Mitsui Financial Group Inc. raised its stake in shares of eBay by 155.3% during the 2nd quarter. Sumitomo Mitsui Financial Group Inc. now owns 411 shares of the e-commerce company’s stock worth $30,000 after purchasing an additional 250 shares during the period. 87.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

EBAY has been the topic of several research reports. UBS Group set a $112.00 price objective on shares of eBay in a research report on Tuesday, January 13th. Jefferies Financial Group increased their price objective on eBay from $60.00 to $65.00 and gave the company an “underperform” rating in a report on Friday, October 17th. Wedbush raised their target price on eBay from $90.00 to $95.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Needham & Company LLC upped their price target on eBay from $95.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Finally, Citigroup reissued a “market outperform” rating on shares of eBay in a 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 issued a Sell rating to the stock. According to MarketBeat.com, eBay currently has a consensus rating of “Hold” and a consensus price target of $95.66.

Insider Activity at eBay

In related news, SVP Mazen Rawashdeh sold 1,920 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $81.90, for a total value of $157,248.00. Following the transaction, the senior vice president owned 5,746 shares of the company’s stock, valued at $470,597.40. This represents a 25.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Julie A. Loeger sold 2,896 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $82.44, for a total value of $238,746.24. Following the sale, the senior vice president owned 55,990 shares in the company, valued at $4,615,815.60. The trade was a 4.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 44,590 shares of company stock worth $4,000,814 over the last quarter. 0.64% of the stock is currently owned by corporate insiders.

eBay Stock Performance

NASDAQ:EBAY opened at $82.88 on Thursday. The stock has a market cap of $37.46 billion, a P/E ratio of 18.02, a PEG ratio of 2.04 and a beta of 1.38. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.06. The business’s 50-day moving average price is $88.41 and its two-hundred day moving average price is $89.45. eBay Inc. has a twelve month low of $58.71 and a twelve month high of $101.15.

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.