Mirae Asset Global Investments Co. Ltd. Buys 19,372 Shares of eBay Inc. (NASDAQ:EBAY)

Mirae Asset Global Investments Co. Ltd. increased its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 26.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,358 shares of the e-commerce company's stock after acquiring an additional 19,372 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in eBay were worth $5,827,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of EBAY. Nordea Investment Management AB raised its holdings in 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 buying an additional 335,035 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in eBay by 4.1% during 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 buying an additional 216,162 shares during the last quarter. Smead Capital Management Inc. raised its holdings 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 during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in eBay by 4.0% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,888,758 shares of the e-commerce company's stock worth $117,009,000 after buying an additional 73,351 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new position in eBay during the third quarter worth $105,506,000. Institutional investors own 87.48% of the company's stock.

eBay Price Performance

Shares of EBAY stock traded up $0.20 during trading hours on Tuesday, hitting $68.46. 3,615,470 shares of the company's stock were exchanged, compared to its average volume of 4,551,177. The company has a market capitalization of $32.79 billion, a PE ratio of 17.20, a PEG ratio of 2.15 and a beta of 1.35. eBay Inc. has a 12-month low of $40.74 and a 12-month high of $71.52. The business's 50 day simple moving average is $64.86 and its 200-day simple moving average is $62.54. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on EBAY shares. Truist Financial increased their target price on shares of eBay from $58.00 to $62.00 and gave the company a "hold" rating in a report on Tuesday, November 5th. The Goldman Sachs Group increased their target price on shares of eBay from $46.00 to $55.00 and gave the company a "sell" rating in a report on Tuesday, October 15th. Citigroup increased their target price on shares of eBay from $68.00 to $75.00 and gave the company a "buy" rating in a report on Friday, January 3rd. Stifel Nicolaus increased their price target on shares of eBay from $56.00 to $64.00 and gave the company a "hold" rating in a research report on Monday, October 28th. Finally, Jefferies Financial Group lowered shares of eBay from a "hold" rating to an "underperform" rating and reduced their price target for the company from $60.00 to $52.00 in a research report on Tuesday, December 10th. Two investment 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 company has an average rating of "Hold" and a consensus target price of $62.92.

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.