Xact Kapitalforvaltning AB Has $5.72 Million Position in eBay Inc (EBAY)

Xact Kapitalforvaltning AB reduced its stake in shares of eBay Inc (NASDAQ:EBAY) by 8.8% in the third quarter, Holdings Channel reports. The firm owned 173,133 shares of the e-commerce company’s stock after selling 16,752 shares during the period. Xact Kapitalforvaltning AB’s holdings in eBay were worth $5,717,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of EBAY. BKD Wealth Advisors LLC raised its stake in eBay by 13.7% in the second quarter. BKD Wealth Advisors LLC now owns 11,193 shares of the e-commerce company’s stock valued at $406,000 after buying an additional 1,345 shares during the last quarter. Korea Investment CORP raised its stake in eBay by 0.4% in the second quarter. Korea Investment CORP now owns 404,131 shares of the e-commerce company’s stock valued at $14,654,000 after buying an additional 1,500 shares during the last quarter. Timber Creek Capital Management LLC raised its stake in eBay by 2.8% in the second quarter. Timber Creek Capital Management LLC now owns 57,455 shares of the e-commerce company’s stock valued at $2,083,000 after buying an additional 1,540 shares during the last quarter. MUFG Americas Holdings Corp raised its stake in eBay by 11.7% in the second quarter. MUFG Americas Holdings Corp now owns 14,953 shares of the e-commerce company’s stock valued at $542,000 after buying an additional 1,567 shares during the last quarter. Finally, D.A. Davidson & CO. raised its stake in eBay by 8.6% in the second quarter. D.A. Davidson & CO. now owns 19,849 shares of the e-commerce company’s stock valued at $720,000 after buying an additional 1,568 shares during the last quarter. Hedge funds and other institutional investors own 84.69% of the company’s stock.

A number of research firms have commented on EBAY. Guggenheim reiterated a “$37.95” rating on shares of eBay in a research note on Wednesday, July 18th. UBS Group decreased their price target on eBay from $47.00 to $44.00 and set a “$34.11” rating for the company in a research note on Thursday, July 19th. Canaccord Genuity decreased their price target on eBay from $43.00 to $40.00 and set a “hold” rating for the company in a research note on Thursday, July 19th. TheStreet cut eBay from a “b-” rating to a “c+” rating in a research note on Wednesday. Finally, Wells Fargo & Co reissued a “buy” rating on shares of eBay in a report on Thursday, July 19th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $43.62.



In related news, SVP Kristin A. Yetto sold 23,648 shares of the firm’s stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $33.54, for a total transaction of $793,153.92. Following the sale, the senior vice president now directly owns 109,116 shares of the company’s stock, valued at $3,659,750.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jae Hyun Lee sold 26,204 shares of the firm’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $35.08, for a total value of $919,236.32. Following the sale, the senior vice president now directly owns 128,457 shares in the company, valued at $4,506,271.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 127,642 shares of company stock worth $4,364,399. 6.78% of the stock is owned by corporate insiders.

eBay stock opened at $27.34 on Friday. The stock has a market cap of $27.05 billion, a P/E ratio of 16.77, a P/E/G ratio of 1.68 and a beta of 1.19. eBay Inc has a 52 week low of $26.95 and a 52 week high of $46.99. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 1.29.

eBay Profile

eBay Inc operates commerce platforms that connect various buyers and sellers worldwide. Its platforms enable sellers to organize and offer their inventory for sale; and buyers to find and purchase it virtually. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps and online ticket platform that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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