Nordea Investment Management Reduces $39M in eBay Inc. ($EBAY)
Key Points
- Nordea Investment Management changed its eBay Inc. ($EBAY) stake by 5.2% last quarter, cutting to 6,652,707 shares worth $722.55 million.
- Wall Street's consensus rating on $EBAY is Hold and an average price target of $107.84.
- $EBAY last traded around $108.61.
Nordea Investment Management trimmed its position in eBay Inc. ($EBAY) by 5.2% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,652,707 shares of eBay Inc. after selling 363,174 shares during the quarter. Nordea Investment Management's holdings in eBay Inc. were worth $722.55 million as of its most recent filing.
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About eBay Inc.
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. Its marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps. The company's platforms enable users to list, sell, buy, and pay various products. The company was founded in 1995 and is headquartered in San Jose, California.
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