Thrivent Financial for Lutherans Has $3.99 Million Stock Position in eBay Inc. $EBAY

Thrivent Financial for Lutherans cut its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 35.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 43,868 shares of the e-commerce company’s stock after selling 23,800 shares during the period. Thrivent Financial for Lutherans’ holdings in eBay were worth $3,990,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Nordea Investment Management AB increased its holdings in eBay by 5.6% during the 2nd quarter. Nordea Investment Management AB now owns 9,085,603 shares of the e-commerce company’s stock worth $674,061,000 after purchasing an additional 478,410 shares in the last quarter. Invesco Ltd. grew its holdings in eBay by 1.7% during the second quarter. Invesco Ltd. now owns 8,581,556 shares of the e-commerce company’s stock worth $638,983,000 after buying an additional 140,160 shares in the last quarter. Impax Asset Management Group plc grew its holdings in eBay by 7.8% during the second quarter. Impax Asset Management Group plc now owns 3,810,634 shares of the e-commerce company’s stock worth $282,838,000 after buying an additional 275,344 shares in the last quarter. ABN AMRO Bank N.V. purchased a new stake in eBay in the 2nd quarter valued at $235,149,000. Finally, Robeco Institutional Asset Management B.V. lifted its stake in eBay by 5.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,817,489 shares of the e-commerce company’s stock valued at $256,251,000 after acquiring an additional 157,537 shares in the last quarter. Institutional investors own 87.48% of the company’s stock.

eBay Price Performance

Shares of NASDAQ EBAY opened at $86.55 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.06. The stock has a fifty day simple moving average of $88.21 and a two-hundred day simple moving average of $89.37. eBay Inc. has a 1-year low of $58.71 and a 1-year high of $101.15. The firm has a market cap of $39.12 billion, a price-to-earnings ratio of 18.82, a price-to-earnings-growth ratio of 2.02 and a beta of 1.38.

Insider Transactions at eBay

In other eBay news, SVP Jordan Douglas Bradle Sweetnam sold 33,441 shares of the stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $91.99, for a total transaction of $3,076,237.59. Following the completion of the transaction, the senior vice president owned 4,733 shares in the company, valued at $435,388.67. This trade represents a 87.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Cornelius Boone sold 4,462 shares of eBay stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $83.94, for a total transaction of $374,540.28. Following the completion of the transaction, the senior vice president owned 91,921 shares of the company’s stock, valued at $7,715,848.74. The trade was a 4.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 44,590 shares of company stock worth $4,000,814 over the last 90 days. 0.64% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. TD Cowen reiterated a “hold” rating on shares of eBay in a research note on Monday, October 20th. UBS Group set a $112.00 price target on shares of eBay in a report on Tuesday, January 13th. Morgan Stanley increased their price objective on shares of eBay from $102.00 to $112.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. President Capital cut their target price on eBay from $103.00 to $94.00 and set a “buy” rating on the stock in a research note on Friday, December 19th. Finally, JMP Securities raised eBay from a “market perform” rating to a “market outperform” rating and set a $115.00 target price for the company in a report on Friday, October 24th. Fourteen analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $95.66.

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.