AGF Management Ltd. Has $3.18 Million Stock Position in eBay Inc. $EBAY

AGF Management Ltd. lessened its holdings in eBay Inc. (NASDAQ:EBAY) by 17.2% in the 3rd quarter, Holdings Channel reports. The firm owned 34,999 shares of the e-commerce company’s stock after selling 7,279 shares during the quarter. AGF Management Ltd.’s holdings in eBay were worth $3,183,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Nordea Investment Management AB raised its holdings in eBay by 5.6% during the second quarter. Nordea Investment Management AB now owns 9,085,603 shares of the e-commerce company’s stock valued at $674,061,000 after buying an additional 478,410 shares in the last quarter. Invesco Ltd. increased its holdings in shares of eBay by 1.7% during the 2nd quarter. Invesco Ltd. now owns 8,581,556 shares of the e-commerce company’s stock valued at $638,983,000 after acquiring an additional 140,160 shares during the last quarter. Impax Asset Management Group plc increased its holdings in shares of eBay by 7.8% during the 2nd quarter. Impax Asset Management Group plc now owns 3,810,634 shares of the e-commerce company’s stock valued at $282,838,000 after acquiring an additional 275,344 shares during the last quarter. ABN AMRO Bank N.V. bought a new position in shares of eBay in the 2nd quarter valued at approximately $235,149,000. Finally, Robeco Institutional Asset Management B.V. boosted its position in eBay by 5.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 2,817,489 shares of the e-commerce company’s stock worth $256,251,000 after purchasing an additional 157,537 shares during the period. 87.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on EBAY. Citizens Jmp reissued a “market outperform” rating and issued a $115.00 price target on shares of eBay in a research report on Wednesday, January 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of eBay in a research note on Monday, December 29th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of eBay from $96.00 to $100.00 in a report on Thursday, October 30th. Rothschild & Co Redburn decreased their price target on shares of eBay from $95.00 to $90.00 in a report on Friday, November 7th. Finally, Barclays lifted their price objective on eBay from $92.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Fourteen investment 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $95.66.

eBay Stock Performance

NASDAQ:EBAY opened at $85.84 on Thursday. The firm has a market capitalization of $38.80 billion, a PE ratio of 18.66, a price-to-earnings-growth ratio of 2.15 and a beta of 1.38. 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 12-month low of $58.71 and a 12-month high of $101.15. The firm has a 50-day moving average price of $88.05 and a 200 day moving average price of $89.28.

Insider Buying and Selling

In other eBay news, SVP Julie A. Loeger sold 2,896 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $82.44, for a total value of $238,746.24. Following the sale, the senior vice president directly owned 55,990 shares in the company, valued at $4,615,815.60. This represents a 4.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Jordan Douglas Bradle Sweetnam sold 33,441 shares of the stock in a transaction on Friday, January 30th. The stock was sold at an average price of $91.99, for a total value of $3,076,237.59. Following the transaction, the senior vice president owned 4,733 shares of the company’s stock, valued at $435,388.67. This represents a 87.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 44,590 shares of company stock valued at $4,000,814. 0.64% of the stock is currently owned by company insiders.

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.