TCW Group Inc. Has $3.34 Million Stock Position in eBay Inc. (NASDAQ:EBAY)

TCW Group Inc. increased its stake in shares of eBay Inc. (NASDAQ:EBAY) by 45.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,900 shares of the e-commerce company’s stock after acquiring an additional 16,919 shares during the quarter. TCW Group Inc.’s holdings in eBay were worth $3,339,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of EBAY. Nordea Investment Management AB grew its position in eBay by 3.8% in the 4th quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock worth $573,220,000 after purchasing an additional 335,035 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of eBay by 4.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,447,627 shares of the e-commerce company’s stock valued at $354,695,000 after buying an additional 216,162 shares during the period. Smead Capital Management Inc. grew its position in eBay by 3.5% during the third quarter. Smead Capital Management Inc. now owns 3,725,760 shares of the e-commerce company’s stock worth $242,584,000 after buying an additional 125,708 shares in the last quarter. Allianz Asset Management GmbH increased its stake in eBay by 23.2% during the fourth quarter. Allianz Asset Management GmbH now owns 2,460,879 shares of the e-commerce company’s stock valued at $152,451,000 after acquiring an additional 463,015 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its holdings in eBay by 4.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,888,758 shares of the e-commerce company’s stock valued at $117,009,000 after acquiring an additional 73,351 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Price Performance

Shares of EBAY stock opened at $69.39 on Monday. eBay Inc. has a 1 year low of $43.12 and a 1 year high of $71.52. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm’s 50 day moving average is $65.87 and its 200-day moving average is $63.43. The firm has a market capitalization of $33.24 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 2.22 and a beta of 1.35.

Analyst Upgrades and Downgrades

EBAY has been the topic of several recent research reports. Citigroup lifted their price objective on eBay from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Sanford C. Bernstein upgraded shares of eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft dropped their price objective 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. StockNews.com lowered shares of eBay from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Finally, Bank of America lowered their target price on shares of eBay from $67.00 to $64.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $63.13.

Insider Buying and Selling

In other news, SVP Cornelius Boone sold 3,989 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total transaction of $260,082.80. Following the completion of the sale, the senior vice president now 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 SEC, which is available through this link. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total value of $355,556.25. Following the transaction, the chief executive officer now directly owns 531,167 shares in the company, valued at $33,575,066.07. This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,149 shares of company stock worth $1,746,065 in the last quarter. Insiders own 0.38% of the company’s stock.

eBay Profile

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.