KBC Group NV Acquires 17,518 Shares of eBay Inc. (NASDAQ:EBAY)

KBC Group NV boosted its stake in eBay Inc. (NASDAQ:EBAY) by 4.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 371,879 shares of the e-commerce company’s stock after purchasing an additional 17,518 shares during the quarter. KBC Group NV’s holdings in eBay were worth $23,037,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Blue Trust Inc. increased its position in shares of eBay by 13.8% during the fourth quarter. Blue Trust Inc. now owns 5,750 shares of the e-commerce company’s stock valued at $374,000 after buying an additional 697 shares during the period. Olstein Capital Management L.P. boosted its position in eBay by 10.6% during the 4th quarter. Olstein Capital Management L.P. now owns 73,000 shares of the e-commerce company’s stock valued at $4,522,000 after acquiring an additional 7,000 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of eBay by 8.3% during the 4th quarter. Geneos Wealth Management Inc. now owns 8,741 shares of the e-commerce company’s stock worth $541,000 after acquiring an additional 667 shares during the period. Exchange Traded Concepts LLC grew its holdings in shares of eBay by 18.1% during the 4th quarter. Exchange Traded Concepts LLC now owns 5,014 shares of the e-commerce company’s stock worth $311,000 after acquiring an additional 770 shares during the period. Finally, Avior Wealth Management LLC lifted its stake in shares of eBay by 650.3% in the 4th quarter. Avior Wealth Management LLC now owns 2,266 shares of the e-commerce company’s stock valued at $140,000 after purchasing an additional 1,964 shares during the period. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Stock Performance

EBAY stock opened at $67.19 on Wednesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. eBay Inc. has a 1 year low of $40.74 and a 1 year high of $71.52. The company has a market cap of $32.18 billion, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 2.02 and a beta of 1.35. The stock’s fifty day moving average price is $64.03 and its 200-day moving average price is $61.60.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on EBAY. Jefferies Financial Group cut eBay from a “hold” rating to an “underperform” rating and reduced their price target for the stock from $60.00 to $52.00 in a research note on Tuesday, December 10th. Sanford C. Bernstein upgraded shares of eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price target for the company in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of eBay from $70.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Benchmark reaffirmed a “buy” rating and set a $65.00 target price on shares of eBay in a research note on Tuesday, October 29th. Finally, Wedbush assumed coverage on shares of eBay in a report on Monday, December 9th. They set a “neutral” rating and a $70.00 target price for the company. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $62.83.

Insider Buying and Selling at eBay

In other news, CFO Stephen J. Priest sold 5,252 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $63.63, for a total transaction of $334,184.76. Following the completion of the sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at $4,141,040.40. The trade was a 7.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Cornelius Boone sold 3,989 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total value of $260,082.80. Following the completion of the transaction, the senior vice president now directly owns 71,469 shares in the company, valued at approximately $4,659,778.80. This represents a 5.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,149 shares of company stock valued at $1,704,778. 0.38% of the stock is owned by company insiders.

eBay Profile

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.