Mirae Asset Global Investments Co. Ltd. Raises Position in eBay Inc. $EBAY

Mirae Asset Global Investments Co. Ltd. lifted its stake in eBay Inc. (NASDAQ:EBAY) by 30.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 181,787 shares of the e-commerce company’s stock after purchasing an additional 42,048 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in eBay were worth $16,534,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Verdence Capital Advisors LLC raised its stake in shares of eBay by 71.2% in the second quarter. Verdence Capital Advisors LLC now owns 17,447 shares of the e-commerce company’s stock worth $1,299,000 after purchasing an additional 7,256 shares during the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC bought a new stake in eBay during the third quarter valued at approximately $770,000. Teacher Retirement System of Texas increased its stake in shares of eBay by 2.0% in the 2nd quarter. Teacher Retirement System of Texas now owns 171,040 shares of the e-commerce company’s stock worth $12,736,000 after purchasing an additional 3,374 shares in the last quarter. Savant Capital LLC increased its position in eBay by 19.4% in the second quarter. Savant Capital LLC now owns 24,229 shares of the e-commerce company’s stock worth $1,804,000 after buying an additional 3,933 shares in the last quarter. Finally, Northstar Advisory Group LLC raised its stake in eBay by 31.6% during the 3rd quarter. Northstar Advisory Group LLC now owns 59,129 shares of the e-commerce company’s stock worth $5,378,000 after acquiring an additional 14,204 shares during the period. 87.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on EBAY. B. Riley boosted their price target on eBay from $94.00 to $96.00 and gave the stock a “buy” rating in a report on Monday, October 20th. Morgan Stanley increased their price target on shares of eBay from $102.00 to $112.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. Citizens Jmp reaffirmed a “market outperform” rating and set a $115.00 price objective on shares of eBay in a research note on Wednesday. Benchmark upped their target price on eBay from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Finally, Barclays upped their price target on shares of eBay from $92.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Fourteen analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $95.66.

Insider Activity

In other news, SVP Jordan Douglas Bradle Sweetnam sold 865 shares of the stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $82.67, for a total value of $71,509.55. Following the completion of the sale, the senior vice president directly owned 4,733 shares in the company, valued at $391,277.11. This represents a 15.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Cornelius Boone sold 4,462 shares of the business’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $83.94, for a total value of $374,540.28. Following the transaction, the senior vice president directly owned 91,921 shares in the company, valued at $7,715,848.74. This trade represents a 4.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 53,675 shares of company stock valued at $4,388,825 in the last three months. Company insiders own 0.64% of the company’s stock.

eBay Stock Down 3.4%

NASDAQ:EBAY opened at $91.22 on Friday. The company’s fifty day moving average price is $87.54 and its 200-day moving average price is $88.92. The firm has a market capitalization of $41.23 billion, a P/E ratio of 19.83, a PEG ratio of 2.20 and a beta of 1.35. eBay Inc. has a 1-year low of $58.71 and a 1-year high of $101.15. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.92 and a quick ratio of 0.92.

eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.03. eBay had a net margin of 20.37% and a return on equity of 41.94%. The firm had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the previous year, the business posted $1.19 EPS. The business’s revenue was up 9.5% compared to the same quarter last year. As a group, equities research analysts anticipate that eBay Inc. will post 3.86 EPS for the current year.

eBay Profile

eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price “Buy It Now” transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.

The company’s core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.