Tokio Marine Asset Management Co. Ltd. Increases Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Tokio Marine Asset Management Co. Ltd. increased its holdings in eBay Inc. (NASDAQ:EBAY) by 10.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 15,547 shares of the e-commerce company’s stock after acquiring an additional 1,410 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in eBay were worth $963,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EBAY. Wellington Management Group LLP purchased a new position in eBay during the third quarter valued at $105,506,000. International Assets Investment Management LLC lifted its position 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 valued at $38,090,000 after buying an additional 578,649 shares during the period. Janney Montgomery Scott LLC lifted its position in eBay by 599.3% during the third quarter. Janney Montgomery Scott LLC now owns 538,744 shares of the e-commerce company’s stock valued at $35,078,000 after buying an additional 461,708 shares during the period. Lord Abbett & CO. LLC purchased a new position in eBay during the third quarter valued at $25,132,000. Finally, Nordea Investment Management AB lifted its position 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 valued at $573,220,000 after buying an additional 335,035 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on eBay from $59.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Monday. UBS Group lowered their price target on eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $72.00 price target on shares of eBay in a research report on Thursday, October 31st. The Goldman Sachs Group lifted their price target on eBay from $46.00 to $55.00 and gave the stock a “sell” rating in a research report on Tuesday, October 15th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of eBay in a research report on Monday, December 16th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $62.92.

eBay Stock Performance

NASDAQ EBAY opened at $67.18 on Tuesday. The company has a market cap of $32.18 billion, a P/E ratio of 16.88, a P/E/G ratio of 2.15 and a beta of 1.35. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The business’s 50 day moving average price is $64.46 and its 200-day moving average price is $61.96. eBay Inc. has a fifty-two week low of $40.74 and a fifty-two week high of $71.52.

Insider Activity

In other eBay news, CFO Stephen J. Priest sold 1,033 shares of the company’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $64.93, for a total value of $67,072.69. Following the transaction, the chief financial officer now owns 65,080 shares of the company’s stock, valued at $4,225,644.40. This represents a 1.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Cornelius Boone sold 3,989 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total value of $260,082.80. Following the completion of the transaction, the senior vice president now directly owns 71,469 shares in the company, 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. In the last 90 days, insiders have sold 21,524 shares of company stock valued at $1,367,784. 0.38% of the stock is currently owned by insiders.

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.