eBay Inc. $EBAY Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 30.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 181,787 shares of the e-commerce company’s stock after buying 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 SEC filing.

Several other large investors have also modified their holdings of the stock. Financial Consulate Inc. acquired a new position in eBay in the 3rd quarter valued at $27,000. Steigerwald Gordon & Koch Inc. acquired a new stake in eBay during the third quarter worth about $28,000. Princeton Global Asset Management LLC increased its position in eBay by 433.9% during the 2nd quarter. Princeton Global Asset Management LLC now owns 331 shares of the e-commerce company’s stock worth $25,000 after purchasing an additional 269 shares in the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of eBay in the third quarter worth $32,000. Finally, GFG Capital LLC purchased a new position in eBay in the second quarter valued at about $28,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of eBay from $96.00 to $100.00 in a report on Thursday, October 30th. The Goldman Sachs Group reduced their price objective on eBay from $78.00 to $77.00 and set a “sell” rating on the stock in a research note on Wednesday, January 14th. Arete Research lifted their target price on eBay from $91.00 to $103.00 and gave the company a “neutral” rating in a research note on Thursday, January 15th. Sanford C. Bernstein set a $90.00 target price on shares of eBay in a research note on Friday, October 31st. Finally, Piper Sandler lowered their target price on shares of eBay from $102.00 to $98.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 11th. Fourteen investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, eBay presently has a consensus rating of “Hold” and an average price target of $95.66.

eBay Trading Down 3.4%

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

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 analysts’ consensus estimates of $1.33 by $0.03. The business had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.73 billion. eBay had a net margin of 20.37% and a return on equity of 41.94%. eBay’s revenue was up 9.5% compared to the same quarter last year. During the same period last year, the business posted $1.19 EPS. Analysts expect that eBay Inc. will post 3.86 EPS for the current fiscal year.

Insider Transactions at eBay

In other eBay news, CEO Jamie Iannone sold 7,221 shares of the business’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $81.08, for a total value of $585,478.68. Following the sale, the chief executive officer owned 235,781 shares of the company’s stock, valued at $19,117,123.48. The trade was a 2.97% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Cornelius Boone sold 4,462 shares of the firm’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $83.94, for a total transaction of $374,540.28. Following the transaction, the senior vice president directly owned 91,921 shares of the company’s stock, valued at $7,715,848.74. The trade was a 4.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 53,675 shares of company stock worth $4,388,825. 0.64% of the stock is currently owned by company insiders.

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.