First Citizens Bank & Trust Co. lifted its position in eBay Inc. (NASDAQ:EBAY) by 10.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 86,420 shares of the e-commerce company’s stock after acquiring an additional 8,116 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in eBay were worth $3,262,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of EBAY. Legal & General Group Plc increased its stake in eBay by 2.5% in the 3rd quarter. Legal & General Group Plc now owns 5,304,279 shares of the e-commerce company’s stock valued at $203,988,000 after buying an additional 128,728 shares during the period. The Manufacturers Life Insurance Company increased its stake in eBay by 14.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,261,101 shares of the e-commerce company’s stock valued at $183,717,000 after buying an additional 668,503 shares during the period. Colony Group LLC acquired a new position in eBay in the 2nd quarter valued at approximately $213,000. Canada Pension Plan Investment Board increased its stake in eBay by 19.1% in the 3rd quarter. Canada Pension Plan Investment Board now owns 3,215,057 shares of the e-commerce company’s stock valued at $123,651,000 after buying an additional 515,634 shares during the period. Finally, Toronto Dominion Bank increased its stake in eBay by 11.0% in the 3rd quarter. Toronto Dominion Bank now owns 378,963 shares of the e-commerce company’s stock valued at $14,574,000 after buying an additional 37,654 shares during the period. Institutional investors and hedge funds own 85.93% of the company’s stock.

In other news, SVP Marie Oh Huber sold 72,417 shares of eBay stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $37.53, for a total transaction of $2,717,810.01. Following the completion of the sale, the senior vice president now owns 101,589 shares in the company, valued at approximately $3,812,635.17. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Stephen Fisher sold 69,406 shares of eBay stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $37.63, for a total transaction of $2,611,747.78. Following the sale, the senior vice president now owns 144,047 shares of the company’s stock, valued at approximately $5,420,488.61. The disclosure for this sale can be found here. Insiders sold a total of 184,242 shares of company stock valued at $6,842,297 in the last 90 days. Corporate insiders own 6.78% of the company’s stock.

eBay Inc. (NASDAQ EBAY) traded down $0.27 on Wednesday, reaching $39.53. 6,215,800 shares of the company’s stock traded hands, compared to its average volume of 8,051,733. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.82. The firm has a market cap of $39,360.00, a PE ratio of 5.84, a PEG ratio of 2.75 and a beta of 1.34. eBay Inc. has a 52-week low of $29.69 and a 52-week high of $40.13.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, October 18th. The e-commerce company reported $0.48 earnings per share for the quarter, meeting the consensus estimate of $0.48. The firm had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.37 billion. eBay had a net margin of 80.45% and a return on equity of 15.69%. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.45 EPS. sell-side analysts expect that eBay Inc. will post 1.65 EPS for the current fiscal year.

Several research analysts have weighed in on the stock. KeyCorp reiterated a “hold” rating on shares of eBay in a research note on Wednesday, October 11th. BMO Capital Markets restated a “market perform” rating and set a $40.00 price target on shares of eBay in a research note on Wednesday, October 18th. Wells Fargo & Co restated an “outperform” rating and set a $45.00 price target on shares of eBay in a research note on Tuesday, September 26th. Stifel Nicolaus set a $37.00 price target on shares of eBay and gave the stock a “neutral” rating in a research note on Thursday, October 19th. Finally, Aegis restated a “buy” rating and set a $45.00 price target on shares of eBay in a research note on Friday, December 22nd. Two research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and eighteen have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $38.71.

COPYRIGHT VIOLATION WARNING: This article was originally reported by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and international trademark and copyright law. The legal version of this article can be read at https://www.dailypolitical.com/2018/01/10/ebay-inc-ebay-shares-bought-by-first-citizens-bank-trust-co.html.

About eBay

eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company connects buyers and sellers around the world. Its platforms enable sellers around the world to organize and offer their inventory for sale, and buyers to find and purchase it.

Want to see what other hedge funds are holding EBAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eBay Inc. (NASDAQ:EBAY).

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

Receive News & Ratings for eBay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay and related companies with MarketBeat.com's FREE daily email newsletter.