eBay Inc. (NASDAQ:EBAY) Position Boosted by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in eBay Inc. (NASDAQ:EBAY) by 15.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Wealth Group Ltd. purchased a new stake in shares of eBay during the third quarter worth $543,000. UMB Bank n.a. boosted its stake in shares of eBay by 8.7% during the 3rd quarter. UMB Bank n.a. now owns 6,492 shares of the e-commerce company’s stock worth $423,000 after acquiring an additional 520 shares in the last quarter. First Affirmative Financial Network increased its holdings in shares of eBay by 5.7% during the 3rd quarter. First Affirmative Financial Network now owns 4,894 shares of the e-commerce company’s stock valued at $319,000 after acquiring an additional 264 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of eBay by 3,496.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 4,244 shares of the e-commerce company’s stock valued at $276,000 after acquiring an additional 4,126 shares during the last quarter. Finally, Crestmont Private Wealth LLC bought a new position in shares of eBay in the 3rd quarter valued at approximately $233,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at eBay

In other news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 531,167 shares in the company, valued at approximately $33,575,066.07. The trade was a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Stephen J. Priest sold 5,252 shares of the business’s 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 transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,141,040.40. The trade was a 7.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,149 shares of company stock valued at $1,746,065 in the last ninety days. Insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

EBAY has been the subject of a number of recent analyst reports. Wedbush assumed coverage on eBay in a research report on Monday, December 9th. They set a “neutral” rating and a $70.00 target price for the company. Jefferies Financial Group downgraded shares of 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 report on Tuesday, December 10th. TD Cowen lifted their target price on shares of eBay from $45.00 to $54.00 and gave the stock a “hold” rating in a report on Friday, October 25th. StockNews.com cut shares of eBay from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. dropped their price objective on eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, seventeen have issued 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 an average rating of “Hold” and a consensus price target of $62.92.

eBay Stock Up 0.5 %

Shares of NASDAQ:EBAY opened at $67.83 on Monday. The company’s fifty day moving average is $64.76 and its 200-day moving average is $62.38. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a 52 week low of $40.74 and a 52 week high of $71.52. The company has a market capitalization of $32.49 billion, a PE ratio of 17.04, a P/E/G 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.