Tokio Marine Asset Management Co. Ltd. Has $963,000 Stake in eBay Inc. (NASDAQ:EBAY)

Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 10.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,547 shares of the e-commerce company’s stock after purchasing an additional 1,410 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in eBay were worth $963,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Cetera Investment Advisers raised its position in shares of eBay by 83.5% in the second quarter. Cetera Investment Advisers now owns 145,247 shares of the e-commerce company’s stock valued at $7,803,000 after purchasing an additional 66,096 shares during the period. Sanctuary Advisors LLC bought a new position in shares of eBay in the second quarter valued at about $1,580,000. Massmutual Trust Co. FSB ADV raised its position in shares of eBay by 52.1% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,345 shares of the e-commerce company’s stock valued at $88,000 after purchasing an additional 461 shares during the period. Handelsbanken Fonder AB raised its position in shares of eBay by 0.4% in the third quarter. Handelsbanken Fonder AB now owns 324,082 shares of the e-commerce company’s stock valued at $21,101,000 after purchasing an additional 1,334 shares during the period. Finally, Czech National Bank raised its position in shares of eBay by 3.3% in the third quarter. Czech National Bank now owns 99,614 shares of the e-commerce company’s stock valued at $6,486,000 after purchasing an additional 3,190 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Price Performance

EBAY opened at $67.18 on Tuesday. eBay Inc. has a fifty-two week low of $40.74 and a fifty-two week high of $71.52. The firm has a market cap of $32.18 billion, a P/E ratio of 16.88, a PEG 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 firm has a 50-day moving average of $64.46 and a 200 day moving average of $61.96.

Insider Activity at eBay

In other eBay news, SVP Cornelius Boone sold 3,989 shares of the stock in a transaction that occurred 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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 531,167 shares in the company, valued at $33,575,066.07. The trade was a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,524 shares of company stock valued at $1,367,784 over the last three months. 0.38% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

EBAY has been the topic of several research analyst reports. Barclays dropped their price objective on shares of eBay from $65.00 to $64.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. 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 target on the stock. Jefferies Financial Group downgraded shares of eBay from a “hold” rating to an “underperform” rating and decreased their price target for the company from $60.00 to $52.00 in a research note on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of eBay from $70.00 to $63.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Finally, Mizuho upped their price target on shares of eBay from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $62.92.

eBay Company 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.