Do Hedge Funds and Insiders Love eBay Inc. (EBAY)?

eBay Inc. (NASDAQ:EBAY) has seen some intriguing activity from the smart money of late, and while investors tend to pay attention to other investment indicators first, we at Insider Monkey have found it’s important to watch hedge fund sentiment. Hedge funds’ best small-cap picks have historically beaten the market by 18 percentage points annually for over a decade, and since we started sharing this strategy with the public, it’s up on the S&P 500 by more than 20 percentage points in just six months (see how to use this yourself).

With all of this in mind, we’re going to take a look at the recent action surrounding eBay Inc. (NASDAQ:EBAY), while also keeping an eye on what corporate insiders have been doing for good measure (learn why here).

Ebay Inc. (NASDAQ:EBAY)

Hedge fund activity in eBay Inc. (NASDAQ:EBAY)

At the end of the fourth quarter, a total of 81 of the hedge funds we track held long positions in this stock, a change of 14% from the previous quarter. With hedge funds’ sentiment swirling, some notable hedge fund managers were upping their stakes considerably.

David Harding increased his stake by a total of 381%, the largest of the funds we track. D. E. Shaw and Steve Shapiro were also increasing their holdings, while Charles Clough and Bart Baum established new positions in the stock.

All in all, Lone Pine Capital held the largest position, ahead of peers Discovery Capital Management, Sac Capital Advisors, and Scout Capital Management.

Insider trading activity in eBay Inc. (NASDAQ:EBAY)

Since the start of 2013, eBay Inc. has seen 0 insider purchases and 19 insider sales.

The latest insider purchase we have on record was a buy of 3,380 shares at an average price of $29.56 a piece. Holmes Robert Swanmade this transaction, and now holds 296,425 shares after the move.

Likewise, the most recent insider sale came with Iii T Richard Schlosberg’s transaction of 15,000 shares at an average price of $56.76.

With the results demonstrated by our time-tested strategies, retail investors should always pay attention to hedge fund and insider trading activity, and eBay Inc. (NASDAQ:EBAY) is no exception.

Click here to learn more about Insider Monkey’s Hedge Fund Newsletter

Insider Monkey’s small-cap strategy returned 29.2% between September 2012 and February 2013 versus 8.7% for the S&P 500 index. Try it now by clicking the link above.

Disclosure: none

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!