Canada Post Corp Registered Pension Plan Buys 27,151 Shares of eBay Inc. $EBAY

Canada Post Corp Registered Pension Plan raised its position in eBay Inc. (NASDAQ:EBAY) by 275.3% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 37,015 shares of the e-commerce company’s stock after buying an additional 27,151 shares during the period. Canada Post Corp Registered Pension Plan’s holdings in eBay were worth $3,375,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in EBAY. Financial Consulate Inc. acquired a new stake in eBay in the third quarter worth about $27,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of eBay during the 3rd quarter worth approximately $28,000. Princeton Global Asset Management LLC raised its stake in shares of eBay by 433.9% during the second quarter. Princeton Global Asset Management LLC now owns 331 shares of the e-commerce company’s stock worth $25,000 after buying an additional 269 shares during the last quarter. Salomon & Ludwin LLC acquired a new position in eBay in the third quarter valued at approximately $32,000. Finally, Sumitomo Mitsui Financial Group Inc. boosted its stake in eBay by 155.3% in the second quarter. Sumitomo Mitsui Financial Group Inc. now owns 411 shares of the e-commerce company’s stock valued at $30,000 after acquiring an additional 250 shares during the last quarter. Institutional investors own 87.48% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Morgan Stanley increased their price target on eBay from $102.00 to $112.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. The Goldman Sachs Group reduced their target price on eBay from $78.00 to $77.00 and set a “sell” rating on the stock in a report on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft upped their price target on eBay from $96.00 to $100.00 in a research note on Thursday, October 30th. President Capital cut their price target on shares of eBay from $103.00 to $94.00 and set a “buy” rating on the stock in a research report on Friday, December 19th. Finally, BNP Paribas Exane initiated coverage on shares of eBay in a report on Monday, November 24th. They set a “hold” rating for the company. Fourteen equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $95.66.

Insider Activity at eBay

In related news, SVP Julie A. Loeger sold 2,896 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $82.44, for a total value of $238,746.24. Following the sale, the senior vice president directly owned 55,990 shares of the company’s stock, valued at approximately $4,615,815.60. The trade was a 4.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jordan Douglas Bradle Sweetnam sold 33,441 shares of the stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $91.99, for a total value of $3,076,237.59. Following the transaction, the senior vice president owned 4,733 shares of the company’s stock, valued at approximately $435,388.67. This trade represents a 87.60% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 44,590 shares of company stock valued at $4,000,814. Insiders own 0.64% of the company’s stock.

eBay Price Performance

NASDAQ EBAY opened at $86.55 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market cap of $39.12 billion, a price-to-earnings ratio of 18.82, a PEG ratio of 2.02 and a beta of 1.38. The business has a 50 day simple moving average of $88.21 and a 200 day simple moving average of $89.37. eBay Inc. has a 52-week low of $58.71 and a 52-week high of $101.15.

About eBay

eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price “Buy It Now” transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.

The company’s core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.