eBay Inc. $EBAY Shares Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. grew its holdings in eBay Inc. (NASDAQ:EBAY) by 31.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,522 shares of the e-commerce company’s stock after acquiring an additional 10,572 shares during the period. Oppenheimer Asset Management Inc.’s holdings in eBay were worth $4,049,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Concurrent Investment Advisors LLC acquired a new position in eBay during the 2nd quarter worth $275,000. CWM LLC boosted its stake in shares of eBay by 0.7% in the 2nd quarter. CWM LLC now owns 24,455 shares of the e-commerce company’s stock valued at $1,821,000 after buying an additional 182 shares during the period. Sequoia Financial Advisors LLC grew its position in shares of eBay by 36.0% during the second quarter. Sequoia Financial Advisors LLC now owns 21,887 shares of the e-commerce company’s stock worth $1,630,000 after buying an additional 5,793 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its position in shares of eBay by 10.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 27,235 shares of the e-commerce company’s stock worth $2,028,000 after buying an additional 2,605 shares in the last quarter. Finally, NorthRock Partners LLC increased its stake in shares of eBay by 14.3% during the second quarter. NorthRock Partners LLC now owns 5,396 shares of the e-commerce company’s stock worth $402,000 after buying an additional 676 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insider Activity

In other eBay news, SVP Julie A. Loeger sold 2,896 shares of eBay stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $82.44, for a total value of $238,746.24. Following the sale, the senior vice president 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Mazen Rawashdeh sold 1,920 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $81.90, for a total value of $157,248.00. Following the transaction, the senior vice president owned 5,746 shares in the company, valued at $470,597.40. The trade was a 25.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 44,590 shares of company stock worth $4,000,814 in the last ninety days. 0.64% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on EBAY shares. Sanford C. Bernstein set a $90.00 price target on shares of eBay in a research note on Friday, October 31st. Truist Financial raised their price objective on shares of eBay from $86.00 to $92.00 and gave the company a “hold” rating in a report on Monday, November 3rd. Rothschild & Co Redburn lowered their target price on shares of eBay from $95.00 to $90.00 in a research note on Friday, November 7th. B. Riley Financial increased their target price on eBay from $94.00 to $96.00 and gave the company a “buy” rating in a report on Monday, October 20th. Finally, UBS Group set a $112.00 price target on eBay in a report on Tuesday, January 13th. Fourteen research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $95.66.

eBay Stock Performance

NASDAQ:EBAY opened at $82.88 on Thursday. The firm has a market cap of $37.46 billion, a price-to-earnings ratio of 18.02, a price-to-earnings-growth ratio of 2.04 and a beta of 1.38. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.92 and a quick ratio of 0.92. eBay Inc. has a 1-year low of $58.71 and a 1-year high of $101.15. The firm’s fifty day moving average price is $88.41 and its 200 day moving average price is $89.45.

eBay Company Profile

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.