Caprock Group LLC Makes New $7.65 Million Investment in eBay Inc. $EBAY

Caprock Group LLC acquired a new stake in eBay Inc. (NASDAQ:EBAY) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 84,129 shares of the e-commerce company’s stock, valued at approximately $7,648,000.

Several other large investors also recently modified their holdings of EBAY. Rhumbline Advisers raised its stake in eBay by 0.3% in the third quarter. Rhumbline Advisers now owns 1,000,614 shares of the e-commerce company’s stock valued at $91,006,000 after purchasing an additional 3,371 shares in the last quarter. Baader Bank Aktiengesellschaft lifted its holdings in shares of eBay by 49.0% during the 3rd quarter. Baader Bank Aktiengesellschaft now owns 23,449 shares of the e-commerce company’s stock worth $2,118,000 after acquiring an additional 7,715 shares during the period. Wesbanco Bank Inc. boosted its position in shares of eBay by 32.8% during the 3rd quarter. Wesbanco Bank Inc. now owns 5,131 shares of the e-commerce company’s stock worth $467,000 after acquiring an additional 1,267 shares in the last quarter. First National Trust Co bought a new position in eBay in the third quarter valued at approximately $242,000. Finally, Wealthfront Advisers LLC raised its position in eBay by 5.4% during the third quarter. Wealthfront Advisers LLC now owns 72,662 shares of the e-commerce company’s stock valued at $6,609,000 after purchasing an additional 3,699 shares in the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EBAY. Wedbush lifted their price target on eBay from $90.00 to $95.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Evercore boosted their target price on eBay from $90.00 to $93.00 and gave the stock an “in-line” rating in a research note on Thursday, October 30th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of eBay from $96.00 to $100.00 in a report on Thursday, October 30th. The Goldman Sachs Group dropped their price objective on shares of eBay from $78.00 to $77.00 and set a “sell” rating for the company in a research note on Wednesday, January 14th. Finally, Jefferies Financial Group boosted their target price on shares of eBay from $60.00 to $65.00 and gave the stock an “underperform” rating in a research note on Friday, October 17th. Fourteen analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $95.66.

Insider Activity at eBay

In other news, SVP Jordan Douglas Bradle Sweetnam sold 33,441 shares of the stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $91.99, for a total transaction of $3,076,237.59. Following the transaction, the senior vice president owned 4,733 shares of the company’s stock, valued at $435,388.67. This represents a 87.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Cornelius Boone sold 4,462 shares of the business’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $83.94, for a total value of $374,540.28. Following the completion of the sale, the senior vice president directly owned 91,921 shares of the company’s stock, valued at $7,715,848.74. The trade was a 4.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 44,590 shares of company stock worth $4,000,814 over the last quarter. 0.64% of the stock is currently owned by insiders.

eBay Trading Up 0.1%

NASDAQ EBAY opened at $87.48 on Wednesday. The stock has a market capitalization of $39.54 billion, a P/E ratio of 19.02, a P/E/G ratio of 2.03 and a beta of 1.38. The business has a 50 day simple moving average of $88.39 and a 200 day simple moving average of $89.50. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.92 and a quick ratio of 0.92. eBay Inc. has a one year low of $58.71 and a one year high of $101.15.

eBay Profile

eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price “Buy It Now” transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.

The company’s core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.