Dai ichi Life Insurance Company Ltd Grows Stake in eBay Inc. (NASDAQ:EBAY)

Dai ichi Life Insurance Company Ltd increased its position in shares of eBay Inc. (NASDAQ:EBAY) by 335.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 19,470 shares of the e-commerce company’s stock after acquiring an additional 15,000 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in eBay were worth $1,268,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its position in shares of eBay by 17.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock worth $1,394,797,000 after buying an additional 3,880,649 shares in the last quarter. Swedbank AB purchased a new stake in shares of eBay in the first quarter valued at about $73,777,000. Altshuler Shaham Ltd acquired a new stake in shares of eBay in the second quarter valued at approximately $71,593,000. LSV Asset Management increased its stake in shares of eBay by 22.2% during the 2nd quarter. LSV Asset Management now owns 6,705,345 shares of the e-commerce company’s stock worth $360,211,000 after purchasing an additional 1,216,885 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of eBay during the 2nd quarter worth approximately $49,924,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Cantor Fitzgerald reissued a “neutral” rating and issued a $62.00 price target on shares of eBay in a report on Monday, October 7th. Susquehanna boosted their target price on shares of eBay from $52.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Citigroup raised their price target on shares of eBay from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Mizuho boosted their price objective on shares of eBay from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Finally, Wells Fargo & Company decreased their target price on shares of eBay from $63.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and nine have given 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 price target of $62.87.

eBay Stock Performance

eBay stock opened at $64.31 on Thursday. The firm has a market capitalization of $30.80 billion, a PE ratio of 16.16, a price-to-earnings-growth ratio of 1.70 and a beta of 1.34. eBay Inc. has a one year low of $40.16 and a one year high of $67.80. The stock’s 50 day moving average price is $63.59 and its 200 day moving average price is $58.22. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25.

eBay Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Friday, November 29th. eBay’s payout ratio is 27.14%.

Insider Buying and Selling

In other eBay news, SVP Cornelius Boone sold 3,974 shares of eBay stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total transaction of $256,760.14. Following the sale, the senior vice president now directly owns 70,113 shares in the company, valued at $4,530,000.93. The trade was a 5.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $63.91, for a total value of $1,597,750.00. Following the transaction, the chief financial officer now owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. This trade represents a 26.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 47,016 shares of company stock valued at $3,015,417 in the last quarter. Company insiders own 0.38% of the company’s stock.

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.