Perigon Wealth Management LLC Makes New $267,000 Investment in eBay Inc. (NASDAQ:EBAY)

Perigon Wealth Management LLC bought a new stake in shares of eBay Inc. (NASDAQ:EBAY) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,105 shares of the e-commerce company’s stock, valued at approximately $267,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Nordea Investment Management AB raised its holdings 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 during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of eBay by 4.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,447,627 shares of the e-commerce company’s stock valued at $354,695,000 after buying an additional 216,162 shares during the period. Smead Capital Management Inc. increased its stake in shares of eBay by 3.5% during the third quarter. Smead Capital Management Inc. now owns 3,725,760 shares of the e-commerce company’s stock valued at $242,584,000 after buying an additional 125,708 shares during the period. Wellington Management Group LLP purchased a new position in shares of eBay during the third quarter valued at $105,506,000. Finally, Retirement Systems of Alabama increased its stake in shares of eBay by 27.0% during the third quarter. Retirement Systems of Alabama now owns 986,165 shares of the e-commerce company’s stock valued at $64,209,000 after buying an additional 209,433 shares during the period. 87.48% of the stock is currently owned by institutional investors.

Insider Activity at eBay

In other eBay news, 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 of the company’s stock, valued at $4,225,644.40. This trade represents a 1.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total transaction of $355,556.25. Following the sale, the chief executive officer now directly owns 531,167 shares of the company’s stock, valued at approximately $33,575,066.07. This trade represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,524 shares of company stock worth $1,367,784. Insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on EBAY shares. Barclays dropped their price objective on eBay from $65.00 to $64.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $72.00 price objective on shares of eBay in a research report on Thursday, October 31st. JMP Securities reaffirmed a “market perform” rating on shares of eBay in a research report on Monday, December 16th. Citigroup raised their price target on eBay from $68.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Finally, Piper Sandler raised their price target on eBay from $64.00 to $67.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, eBay has a consensus rating of “Hold” and an average price target of $62.83.

eBay Stock Performance

NASDAQ EBAY opened at $67.48 on Monday. The stock’s fifty day moving average is $64.46 and its two-hundred day moving average is $61.91. The firm has a market capitalization of $32.32 billion, a P/E ratio of 16.95, a price-to-earnings-growth ratio of 2.11 and a beta of 1.35. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a fifty-two week low of $40.74 and a fifty-two week high of $71.52.

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.