eBay Inc. (NASDAQ:EBAY) Stock Holdings Lessened by NatWest Group plc

NatWest Group plc lessened its stake in eBay Inc. (NASDAQ:EBAY) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 191,522 shares of the e-commerce company’s stock after selling 1,646 shares during the quarter. eBay accounts for about 3.5% of NatWest Group plc’s holdings, making the stock its 13th biggest position. NatWest Group plc’s holdings in eBay were worth $11,865,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC bought a new stake in eBay in the fourth quarter worth approximately $27,000. Tobam boosted its holdings in eBay by 33.7% in the fourth quarter. Tobam now owns 1,635 shares of the e-commerce company’s stock worth $101,000 after purchasing an additional 412 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its position in eBay by 26.6% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 124,526 shares of the e-commerce company’s stock worth $7,714,000 after buying an additional 26,200 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in eBay by 15.4% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 60,574 shares of the e-commerce company’s stock valued at $3,753,000 after buying an additional 8,080 shares in the last quarter. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of eBay in the fourth quarter worth about $696,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insider Activity at eBay

In other news, SVP Cornelius Boone sold 3,989 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total value of $260,082.80. Following the sale, the senior vice president now owns 71,469 shares in the company, valued at approximately $4,659,778.80. The trade was a 5.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $62.38, for a total transaction of $350,887.50. Following the completion of the sale, the chief executive officer now directly owns 542,248 shares in the company, valued at approximately $33,825,430.24. The trade was a 1.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,149 shares of company stock valued at $1,746,065 in the last 90 days. 0.38% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. TD Cowen raised their price objective on eBay from $45.00 to $54.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Piper Sandler lifted their price target on shares of eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Sanford C. Bernstein raised shares of eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price objective for the company in a report on Tuesday, November 5th. Mizuho raised their target price on shares of eBay from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Finally, Barclays cut their target price on shares of eBay from $65.00 to $64.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, eBay presently has a consensus rating of “Hold” and an average target price of $62.92.

eBay Stock Up 0.5 %

NASDAQ EBAY opened at $67.83 on Friday. eBay Inc. has a 1-year low of $40.74 and a 1-year high of $71.52. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The stock’s 50 day moving average is $64.67 and its two-hundred day moving average is $62.22. The company has a market capitalization of $32.49 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 2.15 and a beta of 1.35.

About eBay

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company’s marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.