State of Alaska Department of Revenue Sells 27,848 Shares of eBay Inc. (NASDAQ:EBAY)

State of Alaska Department of Revenue lessened its stake in shares of eBay Inc. (NASDAQ:EBAY) by 33.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,629 shares of the e-commerce company’s stock after selling 27,848 shares during the quarter. State of Alaska Department of Revenue’s holdings in eBay were worth $3,384,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Private Advisor Group LLC boosted its stake in eBay by 90.7% in the third quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company’s stock valued at $2,963,000 after acquiring an additional 21,636 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of eBay by 2.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company’s stock valued at $3,489,000 after purchasing an additional 1,063 shares during the last quarter. Prospera Financial Services Inc boosted its position in shares of eBay by 794.2% in the 3rd quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock worth $4,598,000 after purchasing an additional 62,719 shares in the last quarter. Trustmark National Bank Trust Department acquired a new stake in shares of eBay in the 3rd quarter worth $1,307,000. Finally, Nordea Investment Management AB increased its position in eBay by 3.8% during 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. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EBAY has been the subject of several recent analyst reports. Stifel Nicolaus raised their price target on eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a report on Monday, October 28th. UBS Group dropped their target price on shares of eBay from $72.00 to $66.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Benchmark restated a “buy” rating and set a $65.00 price target on shares of eBay in a research note on Tuesday, October 29th. Bank of America lowered their price objective on shares of eBay from $67.00 to $64.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Finally, Truist Financial upped their target price on eBay from $58.00 to $62.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $62.92.

eBay Stock Performance

NASDAQ:EBAY opened at $67.83 on Monday. 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 market capitalization of $32.49 billion, a PE ratio of 17.04, a P/E/G ratio of 2.15 and a beta of 1.35. eBay Inc. has a fifty-two week low of $40.74 and a fifty-two week high of $71.52. The company has a fifty day moving average of $64.76 and a two-hundred day moving average of $62.38.

Insider Buying and Selling

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total transaction of $378,281.25. Following the completion of the transaction, the chief executive officer now owns 530,998 shares of the company’s stock, valued at $35,709,615.50. This represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Stephen J. Priest sold 1,033 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $64.93, for a total value of $67,072.69. Following the completion of the transaction, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,225,644.40. This trade represents a 1.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,149 shares of company stock worth $1,746,065 in the last 90 days. Insiders own 0.38% of the company’s stock.

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.