Mirae Asset Global Investments Co. Ltd. Purchases 9,900 Shares of eBay Inc. (NASDAQ:EBAY)

Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 10.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 103,258 shares of the e-commerce company's stock after acquiring an additional 9,900 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in eBay were worth $6,935,000 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. Ameriprise Financial Inc. boosted its position in shares of eBay by 12.4% during the fourth quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company's stock valued at $1,765,148,000 after buying an additional 3,149,934 shares during the last quarter. Independent Franchise Partners LLP lifted its stake in eBay by 25.6% during the 4th quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company's stock valued at $692,517,000 after acquiring an additional 2,277,839 shares in the last quarter. Marshall Wace LLP boosted its holdings in eBay by 304.2% during the 4th quarter. Marshall Wace LLP now owns 2,105,270 shares of the e-commerce company's stock worth $130,421,000 after acquiring an additional 1,584,404 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of eBay in the 4th quarter worth $96,214,000. Finally, Boston Partners raised its holdings in shares of eBay by 35.2% in the fourth quarter. Boston Partners now owns 5,856,276 shares of the e-commerce company's stock valued at $362,823,000 after purchasing an additional 1,524,691 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Citigroup reduced their price objective on shares of eBay from $80.00 to $79.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Wall Street Zen upgraded shares of eBay from a "hold" rating to a "buy" rating in a research report on Saturday, April 26th. Daiwa America raised shares of eBay from a "hold" rating to a "strong-buy" rating in a research report on Monday, May 12th. Cfra Research raised shares of eBay to a "moderate buy" rating in a research report on Thursday, June 5th. Finally, Piper Sandler lifted their price target on shares of eBay from $70.00 to $74.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $67.85.

Insider Buying and Selling

In other eBay news, SVP Cornelius Boone sold 2,985 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $78.67, for a total transaction of $234,829.95. Following the completion of the sale, the senior vice president directly owned 92,053 shares in the company, valued at $7,241,809.51. This represents a 3.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Jordan Douglas Bradle Sweetnam sold 23,597 shares of the firm's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $77.38, for a total value of $1,825,935.86. Following the transaction, the senior vice president directly owned 44,413 shares in the company, valued at $3,436,677.94. This trade represents a 34.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 287,858 shares of company stock worth $20,529,676 in the last ninety days. 0.64% of the stock is currently owned by insiders.

eBay Price Performance

Shares of NASDAQ EBAY traded down $0.32 during mid-day trading on Wednesday, reaching $75.78. 3,920,746 shares of the company were exchanged, compared to its average volume of 5,040,754. eBay Inc. has a 52 week low of $52.14 and a 52 week high of $79.84. The company's 50 day moving average price is $72.99 and its 200 day moving average price is $68.31. The stock has a market capitalization of $34.93 billion, a PE ratio of 18.04, a PEG ratio of 2.13 and a beta of 1.26. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.16.

eBay (NASDAQ:EBAY - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, beating analysts' consensus estimates of $1.34 by $0.04. The company had revenue of $2.59 billion for the quarter, compared to analysts' expectations of $2.55 billion. eBay had a return on equity of 36.60% and a net margin of 19.78%. eBay's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period last year, the firm posted $1.25 EPS. Sell-side analysts forecast that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a $0.29 dividend. The ex-dividend date was Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.53%. eBay's payout ratio is 27.62%.

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.