Shell Asset Management Co. Cuts Position in eBay Inc. $EBAY

Shell Asset Management Co. reduced its stake in shares of eBay Inc. (NASDAQ:EBAY) by 43.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,926 shares of the e-commerce company’s stock after selling 9,782 shares during the quarter. Shell Asset Management Co.’s holdings in eBay were worth $1,176,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EBAY. Invesco Ltd. raised its holdings in eBay by 1.7% in the second quarter. Invesco Ltd. now owns 8,581,556 shares of the e-commerce company’s stock worth $638,983,000 after purchasing an additional 140,160 shares in the last quarter. Impax Asset Management Group plc grew its position in shares of eBay by 7.8% in the 2nd quarter. Impax Asset Management Group plc now owns 3,810,634 shares of the e-commerce company’s stock worth $282,838,000 after buying an additional 275,344 shares during the last quarter. ABN AMRO Bank N.V. bought a new position in shares of eBay during the 2nd quarter worth approximately $235,149,000. Robeco Institutional Asset Management B.V. lifted 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 valued at $256,251,000 after acquiring an additional 157,537 shares during the last quarter. Finally, M&G PLC boosted its stake in eBay by 88.8% in the second quarter. M&G PLC now owns 2,785,699 shares of the e-commerce company’s stock valued at $206,142,000 after acquiring an additional 1,310,373 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insider Buying and Selling at eBay

In other news, SVP Jordan Douglas Bradle Sweetnam sold 33,441 shares of the company’s 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 sale, the senior vice president directly owned 4,733 shares of the company’s stock, valued at $435,388.67. This represents a 87.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Cornelius Boone sold 4,462 shares of the stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $83.94, for a total transaction of $374,540.28. Following the completion of the sale, the senior vice president owned 91,921 shares in the company, valued at $7,715,848.74. The trade was a 4.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 44,590 shares of company stock valued at $4,000,814. 0.64% of the stock is owned by corporate insiders.

eBay Trading Up 3.7%

Shares of NASDAQ:EBAY opened at $82.38 on Monday. 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 52-week low of $58.71 and a 52-week high of $101.15. The stock has a market cap of $37.24 billion, a price-to-earnings ratio of 17.91, a PEG ratio of 1.92 and a beta of 1.38. The business has a 50-day moving average price of $88.35 and a 200-day moving average price of $89.56.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on EBAY shares. Citizens Jmp reaffirmed a “market outperform” rating and set a $115.00 price target on shares of eBay in a research report on Wednesday, January 28th. B. Riley Financial upped their target price on eBay from $94.00 to $96.00 and gave the company a “buy” rating in a research report on Monday, October 20th. Wall Street Zen cut eBay from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Rothschild & Co Redburn dropped their price target on eBay from $95.00 to $90.00 in a research note on Friday, November 7th. Finally, Truist Financial upped 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. Fourteen equities 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.com, the company 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.