eBay Inc. $EBAY Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. reduced its stake in shares of eBay Inc. (NASDAQ:EBAY) by 43.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,926 shares of the e-commerce company’s stock after selling 9,782 shares during the quarter. Shell Asset Management Co.’s holdings in eBay were worth $1,176,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Princeton Global Asset Management LLC increased its holdings 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 in the last quarter. Financial Consulate Inc. acquired a new stake in eBay during the third quarter valued at $27,000. Steigerwald Gordon & Koch Inc. purchased a new position in eBay in the third quarter valued at $28,000. Sumitomo Mitsui Financial Group Inc. raised its position in shares of eBay by 155.3% in the second quarter. Sumitomo Mitsui Financial Group Inc. now owns 411 shares of the e-commerce company’s stock worth $30,000 after acquiring an additional 250 shares during the period. Finally, Salomon & Ludwin LLC purchased a new stake in shares of eBay during the 3rd quarter worth about $32,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Wall Street Zen cut eBay from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Needham & Company LLC boosted their price objective on eBay from $95.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Citizens Jmp reiterated a “market outperform” rating and set a $115.00 target price on shares of eBay in a research report on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of eBay from $96.00 to $100.00 in a research note on Thursday, October 30th. Finally, President Capital reduced their price objective on shares of eBay from $103.00 to $94.00 and set a “buy” rating for the company in a research report on Friday, December 19th. Fourteen analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $95.66.

eBay Stock Up 3.7%

NASDAQ EBAY opened at $82.38 on Monday. The business has a fifty day moving average price of $88.35 and a 200 day moving average price of $89.56. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market cap of $37.24 billion, a P/E ratio of 17.91, a P/E/G ratio of 1.92 and a beta of 1.38. eBay Inc. has a one year low of $58.71 and a one year high of $101.15.

Insider Buying and Selling at eBay

In other eBay news, SVP Julie A. Loeger sold 2,896 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $82.44, for a total value of $238,746.24. Following the transaction, the senior vice president directly owned 55,990 shares of the company’s stock, valued at $4,615,815.60. This trade represents a 4.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Mazen Rawashdeh sold 1,920 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $81.90, for a total value of $157,248.00. Following the completion of the sale, the senior vice president owned 5,746 shares of the company’s stock, valued at $470,597.40. This trade represents a 25.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 44,590 shares of company stock valued at $4,000,814 over the last ninety days. 0.64% of the stock is currently owned by corporate insiders.

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.