eBay Inc. $EBAY Shares Bought by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft raised its holdings in eBay Inc. (NASDAQ:EBAY) by 49.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 23,449 shares of the e-commerce company’s stock after acquiring an additional 7,715 shares during the period. Baader Bank Aktiengesellschaft’s holdings in eBay were worth $2,118,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EBAY. Financial Consulate Inc. purchased a new stake in shares of eBay in the third quarter worth about $27,000. Steigerwald Gordon & Koch Inc. purchased a new position in eBay during the third quarter valued at approximately $28,000. Princeton Global Asset Management LLC lifted its holdings in eBay by 433.9% in the second quarter. Princeton Global Asset Management LLC now owns 331 shares of the e-commerce company’s stock valued at $25,000 after acquiring an additional 269 shares during the period. Salomon & Ludwin LLC acquired a new position in eBay in the third quarter valued at approximately $32,000. Finally, Sumitomo Mitsui Financial Group Inc. boosted its position in eBay by 155.3% in 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 in the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

Insider Activity at eBay

In related news, SVP Jordan Douglas Bradle Sweetnam sold 33,441 shares of eBay stock in a transaction on Friday, January 30th. The shares were sold at an average price of $91.99, for a total value of $3,076,237.59. Following the transaction, the senior vice president directly owned 4,733 shares in the company, valued at $435,388.67. This trade represents a 87.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Mazen Rawashdeh sold 1,920 shares of eBay 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 directly owned 5,746 shares in the company, valued at $470,597.40. This represents a 25.05% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 44,590 shares of company stock valued at $4,000,814. Company insiders own 0.64% of the company’s stock.

eBay Trading Up 0.1%

Shares of EBAY stock opened at $87.48 on Wednesday. The company has a 50 day moving average price of $88.39 and a 200 day moving average price of $89.50. The stock has a market capitalization of $39.54 billion, a P/E ratio of 19.02, a price-to-earnings-growth ratio of 2.03 and a beta of 1.38. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.92 and a current ratio of 0.92. eBay Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $101.15.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EBAY. Needham & Company LLC lifted their target price on shares of eBay from $95.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Truist Financial lifted their price objective on shares of eBay from $86.00 to $92.00 and gave the company a “hold” rating in a report on Monday, November 3rd. Wedbush upped their price objective on shares of eBay from $90.00 to $95.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Citizens Jmp reaffirmed a “market outperform” rating and set a $115.00 price objective on shares of eBay in a report on Wednesday, January 28th. Finally, BNP Paribas Exane started coverage on eBay in a research note on Monday, November 24th. They issued a “hold” rating for the company. Fourteen research 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $95.66.

eBay 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.