CIBC Asset Management Inc Purchases 1,939 Shares of eBay Inc. (NASDAQ:EBAY)

CIBC Asset Management Inc increased its position in eBay Inc. (NASDAQ:EBAY) by 2.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,296 shares of the e-commerce company’s stock after buying an additional 1,939 shares during the quarter. CIBC Asset Management Inc’s holdings in eBay were worth $4,603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of EBAY. Wealth Group Ltd. bought a new stake in eBay in the 3rd quarter worth approximately $543,000. Creative Planning lifted its position in eBay by 5.4% in the 3rd quarter. Creative Planning now owns 65,816 shares of the e-commerce company’s stock worth $4,285,000 after buying an additional 3,401 shares during the last quarter. Blue Trust Inc. lifted its position in eBay by 372.7% in the 3rd quarter. Blue Trust Inc. now owns 5,053 shares of the e-commerce company’s stock worth $329,000 after buying an additional 3,984 shares during the last quarter. Foundations Investment Advisors LLC lifted its position in eBay by 13.0% in the 3rd quarter. Foundations Investment Advisors LLC now owns 4,955 shares of the e-commerce company’s stock worth $323,000 after buying an additional 569 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in eBay by 4.8% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 14,101 shares of the e-commerce company’s stock worth $918,000 after buying an additional 643 shares during the last quarter. Institutional investors own 87.48% of the company’s stock.

eBay Price Performance

Shares of EBAY stock opened at $69.33 on Thursday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The business’s fifty day moving average is $65.53 and its 200 day moving average is $63.13. eBay Inc. has a twelve month low of $42.97 and a twelve month high of $71.52. The stock has a market cap of $33.21 billion, a price-to-earnings ratio of 17.42, a PEG ratio of 2.23 and a beta of 1.35.

Insiders Place Their Bets

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total value of $378,281.25. Following the sale, the chief executive officer now directly owns 530,998 shares of the company’s stock, valued at approximately $35,709,615.50. The trade was a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Stephen J. Priest sold 5,252 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $63.63, for a total value of $334,184.76. Following the completion of the sale, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,141,040.40. This trade represents a 7.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,149 shares of company stock valued at $1,746,065. 0.38% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have commented on EBAY shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $72.00 price target on shares of eBay in a research note on Thursday, October 31st. StockNews.com cut eBay from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Sanford C. Bernstein raised eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a research note on Tuesday, November 5th. Bank of America decreased their price target on eBay from $67.00 to $64.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Finally, UBS Group decreased their price target on eBay from $72.00 to $66.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $63.13.

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.