International Assets Investment Management LLC Buys 578,649 Shares of eBay Inc. (NASDAQ:EBAY)

International Assets Investment Management LLC increased its stake in eBay Inc. (NASDAQ:EBAY) by 9,092.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 585,013 shares of the e-commerce company’s stock after purchasing an additional 578,649 shares during the quarter. International Assets Investment Management LLC owned about 0.12% of eBay worth $38,090,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EBAY. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in eBay by 0.3% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company’s stock valued at $3,418,000 after purchasing an additional 153 shares during the period. Davis Investment Partners LLC raised its position in shares of eBay by 0.8% in the third quarter. Davis Investment Partners LLC now owns 23,475 shares of the e-commerce company’s stock worth $1,531,000 after buying an additional 180 shares in the last quarter. Quent Capital LLC boosted its stake in eBay by 6.8% during the first quarter. Quent Capital LLC now owns 3,173 shares of the e-commerce company’s stock valued at $167,000 after buying an additional 202 shares during the period. Checchi Capital Advisers LLC grew its position in eBay by 3.0% during the second quarter. Checchi Capital Advisers LLC now owns 7,547 shares of the e-commerce company’s stock worth $405,000 after buying an additional 219 shares in the last quarter. Finally, Harrington Investments INC increased its stake in eBay by 0.6% in the 3rd quarter. Harrington Investments INC now owns 37,385 shares of the e-commerce company’s stock worth $2,434,000 after acquiring an additional 232 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $66.09, for a total transaction of $371,756.25. Following the sale, the chief executive officer now owns 559,291 shares of the company’s stock, valued at approximately $36,963,542.19. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the completion of the transaction, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at $4,494,918.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $66.09, for a total transaction of $371,756.25. Following the sale, the chief executive officer now directly owns 559,291 shares in the company, valued at $36,963,542.19. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,391 shares of company stock worth $2,678,424. 0.38% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

EBAY has been the subject of a number of research analyst reports. Robert W. Baird lifted their price target on eBay from $62.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, October 11th. TD Cowen lifted their target price on shares of eBay from $45.00 to $54.00 and gave the company a “hold” rating in a research report on Friday. Stifel Nicolaus increased their price target on shares of eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a report on Monday. Benchmark lifted their price target on eBay from $58.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Wolfe Research initiated coverage on eBay in a report on Tuesday, July 16th. They set a “peer perform” rating on the stock. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $62.23.

eBay Stock Performance

Shares of NASDAQ:EBAY opened at $62.99 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.12. The company has a 50-day moving average price of $62.84 and a 200-day moving average price of $56.55. The company has a market cap of $31.62 billion, a price-to-earnings ratio of 12.55, a price-to-earnings-growth ratio of 2.45 and a beta of 1.32. eBay Inc. has a 12 month low of $37.17 and a 12 month high of $67.80.

eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.88. eBay had a return on equity of 29.69% and a net margin of 26.41%. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.53 billion. As a group, equities analysts anticipate that eBay Inc. will post 3.86 EPS for the current year.

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.