Sumitomo Mitsui DS Asset Management Company Ltd Has $3.75 Million Position in eBay Inc. (NASDAQ:EBAY)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of eBay Inc. (NASDAQ:EBAY) by 15.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 60,574 shares of the e-commerce company’s stock after purchasing an additional 8,080 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in eBay were worth $3,753,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Nordea Investment Management AB raised its position in shares of eBay by 3.8% during the fourth quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock worth $573,220,000 after acquiring an additional 335,035 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in 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 worth $354,695,000 after purchasing an additional 216,162 shares during the period. Smead Capital Management Inc. raised its holdings in eBay by 3.5% during the 3rd quarter. Smead Capital Management Inc. now owns 3,725,760 shares of the e-commerce company’s stock worth $242,584,000 after purchasing an additional 125,708 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in eBay by 4.0% during 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 purchasing an additional 73,351 shares during the period. Finally, Wellington Management Group LLP acquired a new position in eBay during the 3rd quarter valued at about $105,506,000. 87.48% of the stock is currently owned by institutional investors.

Insider Activity at eBay

In other news, CFO Stephen J. Priest sold 5,252 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $63.63, for a total value of $334,184.76. Following the completion of the sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at approximately $4,141,040.40. This represents a 7.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $67.25, for a total transaction of $378,281.25. Following the completion of the transaction, the chief executive officer now directly owns 530,998 shares of the company’s stock, valued at $35,709,615.50. This represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,149 shares of company stock valued at $1,746,065. 0.38% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on EBAY. TD Cowen boosted their price target on shares of eBay from $45.00 to $54.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. UBS Group dropped their target price on shares of eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Wells Fargo & Company increased their price target on eBay from $59.00 to $61.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. Jefferies Financial Group cut eBay from a “hold” rating to an “underperform” rating and decreased their price objective for the stock from $60.00 to $52.00 in a research note on Tuesday, December 10th. Finally, Mizuho increased their target price on eBay from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Two equities research 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $62.92.

eBay Stock Up 0.5 %

Shares of EBAY stock opened at $67.83 on Monday. The firm’s fifty day moving average price is $64.76 and its two-hundred day moving average price is $62.38. eBay Inc. has a 1 year low of $40.74 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 has a market capitalization of $32.49 billion, a P/E ratio of 17.04, a PEG ratio of 2.15 and a beta of 1.35.

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.