eBay Inc. (NASDAQ:EBAY) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. lowered its position in eBay Inc. (NASDAQ:EBAY) by 6.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,586 shares of the e-commerce company’s stock after selling 3,093 shares during the quarter. Pacer Advisors Inc.’s holdings in eBay were worth $2,576,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP bought a new stake in eBay during the 3rd quarter valued at $105,506,000. International Assets Investment Management LLC raised its stake in shares of eBay by 9,092.5% during the third quarter. International Assets Investment Management LLC now owns 585,013 shares of the e-commerce company’s stock valued at $38,090,000 after purchasing an additional 578,649 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of eBay by 599.3% during the third quarter. Janney Montgomery Scott LLC now owns 538,744 shares of the e-commerce company’s stock valued at $35,078,000 after purchasing an additional 461,708 shares in the last quarter. Lord Abbett & CO. LLC bought a new position in eBay in the 3rd quarter valued at about $25,132,000. Finally, Nordea Investment Management AB grew its position in eBay by 3.8% in the 4th quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock valued at $573,220,000 after buying an additional 335,035 shares in the last quarter. Institutional investors own 87.48% of the company’s stock.

eBay Trading Down 0.1 %

Shares of NASDAQ:EBAY opened at $67.48 on Friday. eBay Inc. has a 12-month low of $40.74 and a 12-month high of $71.52. 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 firm has a market capitalization of $32.32 billion, a P/E ratio of 16.95, a price-to-earnings-growth ratio of 2.11 and a beta of 1.35. The firm has a fifty day moving average of $64.38 and a two-hundred day moving average of $61.77.

Insider Buying and Selling at eBay

In related news, SVP Cornelius Boone sold 3,989 shares of the company’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 completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $59.91, for a total value of $336,993.75. Following the transaction, the chief executive officer now owns 548,042 shares in the company, valued at approximately $32,833,196.22. This trade represents a 1.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,149 shares of company stock worth $1,704,778 over the last 90 days. 0.38% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of eBay from $60.00 to $58.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Stifel Nicolaus upped their target price on eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. JMP Securities reiterated a “market perform” rating on shares of eBay in a research report on Monday, December 16th. TD Cowen upped their price objective on eBay from $45.00 to $54.00 and gave the company a “hold” rating in a report on Friday, October 25th. Finally, Morgan Stanley lifted their target price on eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, eBay presently has a consensus rating of “Hold” and an average target price of $62.83.

eBay Company 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.