eBay Inc. (NASDAQ:EBAY) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its position in shares of eBay Inc. (NASDAQ:EBAY) by 26.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,358 shares of the e-commerce company’s stock after purchasing an additional 19,372 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in eBay were worth $5,827,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in eBay by 0.3% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company’s stock worth $3,418,000 after buying an additional 153 shares during the last quarter. Cypress Wealth Services LLC grew its position in shares of eBay by 4.7% during the fourth quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company’s stock worth $216,000 after acquiring an additional 157 shares during the last quarter. Capital Investment Advisors LLC grew its position in shares of eBay by 4.1% during the fourth quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company’s stock worth $262,000 after acquiring an additional 167 shares during the last quarter. Optas LLC increased its holdings in shares of eBay by 0.5% in the 3rd quarter. Optas LLC now owns 34,082 shares of the e-commerce company’s stock worth $2,219,000 after acquiring an additional 171 shares during the period. Finally, Kathmere Capital Management LLC lifted its position in eBay by 1.2% in the 4th quarter. Kathmere Capital Management LLC now owns 14,250 shares of the e-commerce company’s stock valued at $883,000 after purchasing an additional 173 shares during the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at eBay

In other eBay news, SVP Cornelius Boone sold 3,989 shares of eBay stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total value of $260,082.80. Following the completion of the sale, the senior vice president now directly owns 71,469 shares in the company, valued at $4,659,778.80. The trade was a 5.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total transaction of $350,887.50. Following the transaction, the chief executive officer now owns 542,248 shares in the company, valued at $33,825,430.24. This represents a 1.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,149 shares of company stock worth $1,746,065 over the last 90 days. 0.38% of the stock is currently owned by corporate insiders.

eBay Trading Up 0.5 %

eBay stock opened at $67.83 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 12 month low of $40.74 and a 12 month high of $71.52. The company’s fifty day simple moving average is $64.67 and its 200-day simple moving average is $62.22. The stock has a market cap of $32.49 billion, a P/E ratio of 17.04, a P/E/G ratio of 2.15 and a beta of 1.35.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on EBAY. Needham & Company LLC reissued a “buy” rating and set a $72.00 price target on shares of eBay in a report on Thursday, October 31st. JPMorgan Chase & Co. dropped their price target on shares of eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft reduced their price target on shares of eBay from $70.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Wells Fargo & Company boosted their target price on eBay from $59.00 to $61.00 and gave the stock an “equal weight” rating in a report on Monday, February 3rd. Finally, Stifel Nicolaus increased their price target on eBay from $56.00 to $64.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $62.92.

About eBay

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. The company’s marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.