eBay Inc. shares have seen significant activity with several asset management firms adjusting their stakes. Notably,
abrdn plc,
Retirement Systems of Alabama, and
Fifth Third Bancorp reduced their holdings, while
Perigon Wealth Management LLC,
Robeco Institutional Asset Management BV, and
Merit Financial Group LLC increased theirs.
EBay CEO Jamie Iannone and other insiders also sold a substantial amount of shares. However, the company's stock surged following an integration test with
Facebook Marketplace, which sees eBay listings displayed on the social media platform. This move, along with the company's acquisition of
Caramel to enhance online vehicle transactions, contributed to a significant increase of the price target for eBay shares by analysts. On the other hand, Q4 2024 earnings expectations and a lackluster holiday quarter forecast caused fluctuations in stock pricing. The company's stock is being compared to other robust performers like
Lululemon,
Amazon, and
Shopify, triggering further debates on Wall Street.
Ebay Stocks News Analytics from Tue, 30 Jul 2024 07:00:00 GMT to Sat, 08 Feb 2025 11:10:38 GMT -
Rating 7
- Innovation 3
- Information 5
- Rumor -5
