Canada Pension Plan Investment Board Sells 29,500 Shares of eBay Inc. (NASDAQ:EBAY)

Canada Pension Plan Investment Board cut its stake in shares of eBay Inc. (NASDAQ:EBAYFree Report) by 6.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 450,715 shares of the e-commerce company’s stock after selling 29,500 shares during the quarter. Canada Pension Plan Investment Board owned 0.08% of eBay worth $19,872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Renaissance Technologies LLC lifted its holdings in shares of eBay by 42.5% in the 2nd quarter. Renaissance Technologies LLC now owns 1,611,240 shares of the e-commerce company’s stock worth $72,006,000 after acquiring an additional 480,156 shares during the last quarter. CWM LLC lifted its holdings in shares of eBay by 15.5% in the 2nd quarter. CWM LLC now owns 12,947 shares of the e-commerce company’s stock worth $579,000 after acquiring an additional 1,739 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in shares of eBay by 4.1% in the 2nd quarter. D.A. Davidson & CO. now owns 43,398 shares of the e-commerce company’s stock worth $1,939,000 after acquiring an additional 1,696 shares during the last quarter. Boston Partners lifted its holdings in shares of eBay by 17.7% in the 3rd quarter. Boston Partners now owns 3,980,512 shares of the e-commerce company’s stock worth $175,451,000 after acquiring an additional 599,607 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of eBay by 29.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 738,439 shares of the e-commerce company’s stock worth $32,987,000 after acquiring an additional 166,945 shares during the last quarter. 85.87% of the stock is currently owned by institutional investors.

eBay Trading Up 1.0 %

eBay stock opened at $42.43 on Monday. The firm has a 50 day moving average of $42.23 and a 200 day moving average of $42.34. The firm has a market capitalization of $22.02 billion, a price-to-earnings ratio of 8.39, a P/E/G ratio of 1.90 and a beta of 1.30. eBay Inc. has a 12-month low of $37.17 and a 12-month high of $49.66. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 1.18.

Insider Buying and Selling

In related news, SVP Cornelius Boone sold 4,930 shares of the stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $42.66, for a total value of $210,313.80. Following the completion of the sale, the senior vice president now directly owns 49,897 shares of the company’s stock, valued at approximately $2,128,606.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.21% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

EBAY has been the subject of a number of recent research reports. StockNews.com upgraded shares of eBay from a “hold” rating to a “buy” rating in a report on Friday. Truist Financial lowered their price target on shares of eBay from $54.00 to $47.00 and set a “hold” rating for the company in a report on Wednesday, November 8th. Mizuho lowered their price target on shares of eBay from $42.00 to $40.00 and set a “neutral” rating for the company in a report on Wednesday, January 17th. Morgan Stanley lowered their price target on shares of eBay from $34.00 to $32.00 and set an “underweight” rating for the company in a report on Wednesday, November 8th. Finally, BMO Capital Markets assumed coverage on shares of eBay in a report on Tuesday, January 9th. They set a “market perform” rating and a $49.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $47.75.

View Our Latest Research Report on eBay

About eBay

(Free Report)

eBay Inc operates marketplace platforms that connect buyers and sellers in the United States and internationally. The company's marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps. Its platforms enable users to list, buy, and sell various products. The company was founded in 1995 and is headquartered in San Jose, California.

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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