Sumitomo Mitsui DS Asset Management Company Ltd Purchases 8,080 Shares of eBay Inc. (NASDAQ:EBAY)

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 15.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in EBAY. Wellington Management Group LLP bought a new stake in shares of eBay during the 3rd quarter worth approximately $105,506,000. International Assets Investment Management LLC lifted its stake in eBay by 9,092.5% during the third quarter. International Assets Investment Management LLC now owns 585,013 shares of the e-commerce company's stock worth $38,090,000 after purchasing an additional 578,649 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of eBay by 599.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 538,744 shares of the e-commerce company's stock worth $35,078,000 after buying an additional 461,708 shares during the last quarter. Lord Abbett & CO. LLC bought a new stake in shares of eBay during the 3rd quarter worth $25,132,000. Finally, Nordea Investment Management AB lifted its position in shares of eBay by 3.8% during 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 buying an additional 335,035 shares during the last quarter. Institutional investors own 87.48% of the company's stock.

Analysts Set New Price Targets

EBAY has been the subject of a number of research reports. Needham & Company LLC reissued a "buy" rating and issued a $72.00 target price on shares of eBay in a report on Thursday, October 31st. Piper Sandler increased their target price on shares of eBay from $64.00 to $67.00 and gave the stock an "overweight" rating in a report on Thursday, October 31st. Jefferies Financial Group downgraded shares of eBay from a "hold" rating to an "underperform" rating and dropped their price objective for the company from $60.00 to $52.00 in a research note on Tuesday, December 10th. Wedbush initiated coverage on shares of eBay in a research note on Monday, December 9th. They issued a "neutral" rating and a $70.00 price objective for the company. Finally, Benchmark reiterated a "buy" rating and issued a $65.00 price target on shares of eBay in a research note on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $62.92.

eBay Stock Up 1.9 %

EBAY traded up $1.32 during midday trading on Thursday, hitting $69.26. The company had a trading volume of 3,782,010 shares, compared to its average volume of 4,474,321. eBay Inc. has a 52 week low of $40.83 and a 52 week high of $71.52. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $33.18 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 2.15 and a beta of 1.35. The stock's 50 day moving average price is $65.06 and its 200 day moving average price is $62.68.

Insider Activity at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the business's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total transaction of $355,556.25. Following the completion of the sale, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Cornelius Boone sold 3,989 shares of the business's stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total transaction of $260,082.80. Following the sale, the senior vice president now owns 71,469 shares of the company's stock, valued at $4,659,778.80. This trade represents a 5.29 % decrease in their position. 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 three months. Corporate 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.