Mediolanum International Funds Ltd Trims Position in eBay Inc. (NASDAQ:EBAY)

Mediolanum International Funds Ltd lessened its stake in shares of eBay Inc. (NASDAQ:EBAY) by 18.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,529 shares of the e-commerce company’s stock after selling 3,679 shares during the period. Mediolanum International Funds Ltd’s holdings in eBay were worth $1,023,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quarry LP purchased a new stake in eBay in the 3rd quarter valued at about $36,000. USA Financial Formulas purchased a new stake in eBay in the 3rd quarter valued at about $38,000. Northwest Investment Counselors LLC purchased a new stake in eBay in the 3rd quarter valued at about $50,000. Versant Capital Management Inc raised its holdings in eBay by 115.5% in the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after buying an additional 448 shares during the period. Finally, Financial Management Professionals Inc. raised its holdings in eBay by 276.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock valued at $55,000 after buying an additional 621 shares during the period. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at eBay

In other news, SVP Cornelius Boone sold 3,989 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total transaction of $260,082.80. Following the completion of the sale, the senior vice president now owns 71,469 shares in the company, valued at $4,659,778.80. This represents a 5.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Stephen J. Priest sold 1,033 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $64.93, for a total value of $67,072.69. Following the sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at $4,225,644.40. This trade represents a 1.56 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,524 shares of company stock worth $1,367,784. 0.38% of the stock is owned by insiders.

eBay Price Performance

Shares of NASDAQ EBAY opened at $67.48 on Monday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a twelve month low of $40.74 and a twelve month high of $71.52. The stock has a 50 day moving average of $64.46 and a two-hundred day moving average of $61.91. The stock has a market cap of $32.32 billion, a P/E ratio of 16.95, a P/E/G ratio of 2.11 and a beta of 1.35.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. UBS Group dropped their target price on eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Sanford C. Bernstein raised eBay from a “market perform” rating to an “outperform” rating and set a $70.00 target price for the company in a research report on Tuesday, November 5th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $62.00 target price on shares of eBay in a research report on Monday, October 7th. Finally, Morgan Stanley lifted their target price on eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a research 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 stock. According to MarketBeat.com, eBay presently has a consensus rating of “Hold” and an average target price of $62.83.

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.