16,800 Shares in eBay Inc. (NASDAQ:EBAY) Acquired by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. acquired a new stake in shares of eBay Inc. (NASDAQ:EBAY) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 16,800 shares of the e-commerce company’s stock, valued at approximately $1,041,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Private Advisor Group LLC lifted its stake in eBay by 90.7% during the 3rd quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company’s stock valued at $2,963,000 after acquiring an additional 21,636 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in eBay by 2.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company’s stock valued at $3,489,000 after acquiring an additional 1,063 shares during the period. Trustmark National Bank Trust Department acquired a new stake in eBay during the 3rd quarter valued at approximately $1,307,000. Prospera Financial Services Inc lifted its stake in eBay by 794.2% during the 3rd quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock valued at $4,598,000 after acquiring an additional 62,719 shares during the period. Finally, Van ECK Associates Corp lifted its stake in eBay by 5,091.9% during the 4th quarter. Van ECK Associates Corp now owns 142,051 shares of the e-commerce company’s stock valued at $8,800,000 after acquiring an additional 139,315 shares during the period. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Trading Up 0.2 %

Shares of EBAY opened at $69.46 on Friday. eBay Inc. has a 52-week low of $43.09 and a 52-week high of $71.52. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm’s fifty day moving average is $65.65 and its two-hundred day moving average is $63.17. The stock has a market cap of $33.27 billion, a PE ratio of 17.45, a price-to-earnings-growth ratio of 2.23 and a beta of 1.35.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Piper Sandler lifted their price objective on shares of eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. cut their target price on shares of eBay from $60.00 to $58.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Mizuho lifted their target price on shares of eBay from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. UBS Group cut their target price on shares of eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $72.00 target price on shares of eBay in a report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $63.13.

Insiders Place Their Bets

In other news, CFO Stephen J. Priest sold 5,252 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $63.63, for a total transaction of $334,184.76. Following the transaction, the chief financial officer now owns 65,080 shares of the company’s stock, valued at approximately $4,141,040.40. The trade was a 7.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total transaction of $355,556.25. Following the transaction, the chief executive officer now directly owns 531,167 shares in the company, valued at approximately $33,575,066.07. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,149 shares of company stock valued at $1,746,065 in the last 90 days. 0.38% of the stock is owned by insiders.

eBay Company 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.