5,425 Shares in eBay Inc. $EBAY Bought by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. purchased a new stake in eBay Inc. (NASDAQ:EBAY) during the third quarter, according to its most recent filing with the SEC. The fund purchased 5,425 shares of the e-commerce company’s stock, valued at approximately $493,000.

Several other hedge funds have also bought and sold shares of EBAY. ABN AMRO Bank N.V. purchased a new position in shares of eBay during the second quarter valued at about $235,149,000. Arrowstreet Capital Limited Partnership boosted its stake in eBay by 1,007.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,189,868 shares of the e-commerce company’s stock valued at $163,058,000 after buying an additional 1,992,116 shares during the last quarter. M&G PLC grew its holdings in eBay by 88.8% during the 2nd quarter. M&G PLC now owns 2,785,699 shares of the e-commerce company’s stock valued at $206,142,000 after buying an additional 1,310,373 shares in the last quarter. Valeo Financial Advisors LLC increased its stake in eBay by 19,822.5% in the 2nd quarter. Valeo Financial Advisors LLC now owns 1,290,981 shares of the e-commerce company’s stock worth $96,126,000 after acquiring an additional 1,284,501 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of eBay in the second quarter valued at $62,986,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Price Performance

EBAY opened at $95.20 on Wednesday. The business has a fifty day moving average of $86.77 and a 200 day moving average of $88.74. The stock has a market cap of $43.03 billion, a P/E ratio of 20.70, a PEG ratio of 2.20 and a beta of 1.35. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.06. eBay Inc. has a 52-week low of $58.71 and a 52-week high of $101.15.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.03. The business had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.73 billion. eBay had a return on equity of 41.94% and a net margin of 20.37%.The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period last year, the company earned $1.19 earnings per share. As a group, sell-side analysts anticipate that eBay Inc. will post 3.86 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on EBAY. Rothschild & Co Redburn decreased their price target on shares of eBay from $95.00 to $90.00 in a research note on Friday, November 7th. Daiwa Capital Markets decreased their target price on shares of eBay from $99.00 to $84.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 12th. JMP Securities upgraded eBay from a “market perform” rating to a “market outperform” rating and set a $115.00 price target for the company in a research report on Friday, October 24th. Morgan Stanley upped their price objective on eBay from $102.00 to $112.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Finally, Cantor Fitzgerald lifted their target price on eBay from $85.00 to $90.00 and gave the stock a “neutral” rating 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 company’s stock. According to data from MarketBeat, eBay has an average rating of “Hold” and an average target price of $95.66.

Insider Buying and Selling

In other news, SVP Cornelius Boone sold 4,462 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $83.94, for a total transaction of $374,540.28. Following the transaction, the senior vice president directly owned 91,921 shares of the company’s stock, valued at approximately $7,715,848.74. This trade represents a 4.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jordan Douglas Bradle Sweetnam sold 35,305 shares of eBay stock in a transaction that occurred on Tuesday, November 4th. The shares were 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. Insiders have sold a total of 53,675 shares of company stock worth $4,388,825 over the last ninety days. 0.64% of the stock is owned by 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.