eBay Inc. (NASDAQ:EBAY) Position Reduced by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in shares of eBay Inc. (NASDAQ:EBAY) by 24.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,624 shares of the e-commerce company’s stock after selling 34,000 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in eBay were worth $6,358,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new stake in eBay in the fourth quarter valued at about $27,000. Quarry LP acquired a new position in shares of eBay in the 3rd quarter worth approximately $36,000. New Wave Wealth Advisors LLC bought a new stake in shares of eBay in the 4th quarter valued at approximately $36,000. Versant Capital Management Inc raised its position in shares of eBay by 115.5% during the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after acquiring an additional 448 shares in the last quarter. Finally, Financial Management Professionals Inc. lifted its stake in eBay by 276.0% during the third quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock worth $55,000 after purchasing an additional 621 shares during the last quarter. Institutional investors own 87.48% of the company’s stock.

Insider Activity at eBay

In other news, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total transaction of $350,887.50. Following the completion of the transaction, the chief executive officer now owns 542,248 shares in the company, valued at approximately $33,825,430.24. This trade represents a 1.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Stephen J. Priest sold 5,252 shares of eBay stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $63.63, for a total transaction of $334,184.76. Following the completion of the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,141,040.40. This represents a 7.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,149 shares of company stock valued at $1,746,065 over the last 90 days. 0.38% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on EBAY. Citigroup boosted their target price on shares of eBay from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Morgan Stanley boosted their price objective on shares of eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft cut their target price on shares of eBay from $70.00 to $63.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $72.00 target price on shares of eBay in a report on Thursday, October 31st. Finally, Wedbush started coverage on eBay in a research report on Monday, December 9th. They set a “neutral” rating and a $70.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy 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 $63.38.

eBay Stock Performance

Shares of NASDAQ EBAY opened at $69.99 on Tuesday. eBay Inc. has a 1 year low of $43.67 and a 1 year high of $71.52. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a fifty day moving average price of $66.00 and a two-hundred day moving average price of $63.53. The firm has a market cap of $33.53 billion, a P/E ratio of 17.59, a PEG ratio of 2.22 and a beta of 1.35.

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.