eBay Inc. $EBAY Shares Purchased by AE Wealth Management LLC

AE Wealth Management LLC raised its holdings in eBay Inc. (NASDAQ:EBAY) by 9.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 101,434 shares of the e-commerce company’s stock after buying an additional 8,468 shares during the period. AE Wealth Management LLC’s holdings in eBay were worth $9,226,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Financial Consulate Inc. purchased a new stake in shares of eBay during the 3rd quarter worth $27,000. Steigerwald Gordon & Koch Inc. purchased a new position in eBay during the 3rd quarter worth approximately $28,000. Princeton Global Asset Management LLC grew its position 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 worth $25,000 after acquiring an additional 269 shares during the last quarter. Salomon & Ludwin LLC acquired a new position in eBay in the third quarter valued at $32,000. Finally, GFG Capital LLC acquired a new stake in eBay during the 2nd quarter worth approximately $28,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Stock Performance

eBay stock opened at $91.22 on Friday. 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 12 month low of $58.71 and a 12 month high of $101.15. The company has a market cap of $41.23 billion, a price-to-earnings ratio of 19.83, a price-to-earnings-growth ratio of 2.20 and a beta of 1.35. The stock’s 50-day moving average is $87.54 and its 200-day moving average is $88.92.

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on EBAY shares. Piper Sandler lowered their target price 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. President Capital dropped their target price on shares of eBay from $103.00 to $94.00 and set a “buy” rating for the company in a report on Friday, December 19th. The Goldman Sachs Group dropped their price objective on eBay from $78.00 to $77.00 and set a “sell” rating for the company in a research note on Wednesday, January 14th. Arete Research raised their price target on eBay from $91.00 to $103.00 and gave the company a “neutral” rating in a research report on Thursday, January 15th. Finally, Citigroup restated a “market outperform” rating on shares of eBay in a research report on Thursday, October 30th. Fourteen equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $95.66.

Insider Transactions at eBay

In other news, SVP Jordan Douglas Bradle Sweetnam sold 865 shares of the company’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $82.67, for a total value of $71,509.55. Following the completion of the sale, the senior vice president owned 4,733 shares of the company’s stock, valued at $391,277.11. This represents a 15.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Cornelius Boone sold 4,462 shares of the firm’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $83.94, for a total value of $374,540.28. Following the sale, the senior vice president owned 91,921 shares in the company, valued at approximately $7,715,848.74. The trade was a 4.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 53,675 shares of company stock worth $4,388,825 in the last quarter. 0.64% of the stock is owned by corporate insiders.

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.