Savant Capital LLC Grows Position in eBay Inc. (NASDAQ:EBAY)

Savant Capital LLC grew its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 5.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,341 shares of the e-commerce company’s stock after acquiring an additional 938 shares during the quarter. Savant Capital LLC’s holdings in eBay were worth $1,136,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nordea Investment Management AB lifted its stake in eBay by 3.8% during the fourth quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock worth $573,220,000 after purchasing an additional 335,035 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in eBay by 4.1% in the 3rd 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 worth $354,695,000 after buying an additional 216,162 shares during the last quarter. Smead Capital Management Inc. boosted its stake in eBay by 3.5% in the third quarter. Smead Capital Management Inc. now owns 3,725,760 shares of the e-commerce company’s stock worth $242,584,000 after buying an additional 125,708 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in eBay by 4.0% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,888,758 shares of the e-commerce company’s stock valued at $117,009,000 after acquiring an additional 73,351 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new position in shares of eBay during the third quarter worth approximately $105,506,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insiders Place Their Bets

In other eBay news, CFO Stephen J. Priest sold 1,033 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $64.93, for a total value of $67,072.69. Following the sale, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at approximately $4,225,644.40. The trade was a 1.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Cornelius Boone sold 3,989 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total value of $260,082.80. Following the transaction, the senior vice president now owns 71,469 shares of the company’s stock, valued at $4,659,778.80. The trade was a 5.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,149 shares of company stock worth $1,746,065. 0.38% of the stock is currently owned by company insiders.

eBay Stock Up 0.9 %

NASDAQ:EBAY opened at $69.90 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The firm’s 50-day moving average price is $65.18 and its 200-day moving average price is $62.73. The company has a market capitalization of $33.48 billion, a PE ratio of 17.56, a P/E/G ratio of 2.15 and a beta of 1.35. eBay Inc. has a 1-year low of $42.14 and a 1-year high of $71.52.

Wall Street Analyst Weigh In

EBAY has been the topic of several recent research reports. Stifel Nicolaus increased their target price on shares of eBay from $56.00 to $64.00 and gave the company a “hold” rating in a report on Monday, October 28th. Benchmark reiterated a “buy” rating and issued a $65.00 price objective on shares of eBay in a report on Tuesday, October 29th. StockNews.com cut eBay from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Deutsche Bank Aktiengesellschaft decreased their price target on eBay from $70.00 to $63.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Finally, Barclays dropped their price objective on eBay from $65.00 to $64.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, eBay currently has a consensus rating of “Hold” and a consensus target price of $63.13.

About eBay

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.