Tobam Takes Position in eBay Inc. $EBAY

Tobam purchased a new position in shares of eBay Inc. (NASDAQ:EBAY) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 19,244 shares of the e-commerce company’s stock, valued at approximately $1,750,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EBAY. Financial Consulate Inc. bought a new stake in shares of eBay during the third quarter valued at approximately $27,000. Steigerwald Gordon & Koch Inc. acquired a new stake in eBay in the 3rd quarter valued at $28,000. Princeton Global Asset Management LLC increased its stake in eBay by 433.9% during the 2nd quarter. Princeton Global Asset Management LLC now owns 331 shares of the e-commerce company’s stock valued at $25,000 after purchasing an additional 269 shares in the last quarter. Salomon & Ludwin LLC acquired a new position in eBay during the third quarter worth $32,000. Finally, Sumitomo Mitsui Financial Group Inc. lifted its stake in shares of eBay by 155.3% in the second quarter. Sumitomo Mitsui Financial Group Inc. now owns 411 shares of the e-commerce company’s stock valued at $30,000 after buying an additional 250 shares in the last quarter. Institutional investors own 87.48% of the company’s stock.

eBay Trading Up 3.7%

Shares of eBay stock opened at $82.38 on Monday. The firm has a market cap of $37.24 billion, a PE ratio of 17.91, a P/E/G ratio of 1.92 and a beta of 1.38. eBay Inc. has a 1 year low of $58.71 and a 1 year high of $101.15. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a fifty day moving average price of $88.35 and a 200-day moving average price of $89.56.

Analysts Set New Price Targets

EBAY has been the subject of several recent research reports. Barclays boosted their target price on shares of eBay from $92.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft increased their price objective on eBay from $96.00 to $100.00 in a research note on Thursday, October 30th. B. Riley Financial lifted 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. Weiss Ratings reissued a “buy (b)” rating on shares of eBay in a research report on Monday, December 29th. Finally, Benchmark raised their price objective on eBay from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Fourteen analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $95.66.

Insider Activity at eBay

In related news, SVP Julie A. Loeger sold 2,896 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president owned 55,990 shares in the company, valued at approximately $4,615,815.60. This represents a 4.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Cornelius Boone sold 4,462 shares of the stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $83.94, for a total value of $374,540.28. Following the transaction, the senior vice president directly owned 91,921 shares of the company’s stock, valued at approximately $7,715,848.74. This trade represents a 4.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 44,590 shares of company stock worth $4,000,814. Insiders own 0.64% of the company’s stock.

eBay Company 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.