Skandinaviska Enskilda Banken AB publ Boosts Stock Position in eBay Inc. (NASDAQ:EBAY)

Key Points

• Skandinaviska Enskilda Banken AB increased its holdings in eBay by 12.5%, acquiring an additional 14,609 shares, bringing its total to 131,181 shares worth approximately $8.884 million.
• eBay's recent quarterly earnings showed $1.38 EPS, beating expectations, with a 1.1% revenue increase year-over-year, totaling $2.59 billion.
• Most analysts hold a Hold rating for eBay stock, with an average target price of $69.42, while some have recently raised their price targets, including Morgan Stanley's from $74 to $81.

Skandinaviska Enskilda Banken AB publ grew its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 12.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 131,181 shares of the e-commerce company's stock after purchasing an additional 14,609 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in eBay were worth $8,884,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in EBAY. Pacer Advisors Inc. boosted its holdings in shares of eBay by 5,181.4% during the 1st quarter. Pacer Advisors Inc. now owns 2,196,321 shares of the e-commerce company's stock worth $148,757,000 after buying an additional 2,154,735 shares in the last quarter. Assetmark Inc. raised its position in eBay by 11.6% in the 1st quarter. Assetmark Inc. now owns 108,696 shares of the e-commerce company's stock valued at $7,362,000 after buying an additional 11,291 shares during the last quarter. Navellier & Associates Inc. purchased a new stake in eBay in the 1st quarter valued at $2,809,000. Cetera Investment Advisers raised its position in eBay by 6.3% in the 1st quarter. Cetera Investment Advisers now owns 175,879 shares of the e-commerce company's stock valued at $11,912,000 after buying an additional 10,407 shares during the last quarter. Finally, Avantax Advisory Services Inc. raised its position in eBay by 25.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 25,502 shares of the e-commerce company's stock valued at $1,727,000 after buying an additional 5,166 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors.

eBay Trading Down 0.2%

Shares of NASDAQ:EBAY traded down $0.15 during trading on Wednesday, hitting $78.35. The company had a trading volume of 1,626,908 shares, compared to its average volume of 5,421,407. The stock has a market cap of $36.12 billion, a price-to-earnings ratio of 18.66, a price-to-earnings-growth ratio of 2.21 and a beta of 1.26. eBay Inc. has a one year low of $53.74 and a one year high of $83.53. The company has a fifty day simple moving average of $76.51 and a two-hundred day simple moving average of $70.26. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.17.

eBay (NASDAQ:EBAY - Get Free Report) last released its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, topping analysts' consensus estimates of $1.34 by $0.04. eBay had a return on equity of 36.60% and a net margin of 19.78%. The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter last year, the firm posted $1.25 earnings per share. The business's revenue was up 1.1% compared to the same quarter last year. As a group, equities analysts forecast that eBay Inc. will post 3.86 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Susquehanna increased their price target on eBay from $65.00 to $70.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Bank of America increased their price target on eBay from $71.00 to $82.00 and gave the stock a "neutral" rating in a research note on Tuesday. Truist Financial raised their target price on eBay from $62.00 to $68.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. Deutsche Bank Aktiengesellschaft lifted their price target on eBay from $75.00 to $90.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Finally, Wells Fargo & Company raised their price objective on eBay from $63.00 to $66.00 and gave the company an "equal weight" rating in a report on Monday, June 30th. Two research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $70.42.

Insiders Place Their Bets

In related news, SVP Julie A. Loeger sold 127,070 shares of the business's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $69.43, for a total transaction of $8,822,470.10. Following the transaction, the senior vice president directly owned 123,282 shares in the company, valued at $8,559,469.26. The trade was a 50.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jamie Iannone sold 12,644 shares of the business's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $79.06, for a total value of $999,634.64. Following the transaction, the chief executive officer owned 325,053 shares in the company, valued at approximately $25,698,690.18. This trade represents a 3.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 347,222 shares of company stock worth $25,143,522 in the last ninety days. 0.64% of the stock is owned by company insiders.

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.