Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Increases Stock Position in eBay Inc. (NASDAQ:EBAY)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of eBay Inc. (NASDAQ:EBAYGet Rating) by 5.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 365,207 shares of the e-commerce company’s stock after purchasing an additional 19,008 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. owned 0.07% of eBay worth $13,443,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. CoreCap Advisors LLC purchased a new position in shares of eBay in the 2nd quarter valued at $26,000. EverSource Wealth Advisors LLC grew its stake in eBay by 78.2% in the second quarter. EverSource Wealth Advisors LLC now owns 672 shares of the e-commerce company’s stock valued at $28,000 after purchasing an additional 295 shares during the last quarter. Curi Wealth Management LLC raised its holdings in eBay by 2,345.9% in the second quarter. Curi Wealth Management LLC now owns 905 shares of the e-commerce company’s stock worth $38,000 after purchasing an additional 868 shares in the last quarter. CX Institutional purchased a new stake in shares of eBay during the second quarter valued at about $41,000. Finally, Investors Asset Management of Georgia Inc. GA ADV bought a new stake in shares of eBay in the 2nd quarter valued at about $42,000. 85.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Credit Suisse Group decreased their target price on shares of eBay from $56.00 to $55.00 and set an “outperform” rating for the company in a research report on Thursday, November 3rd. Benchmark lowered their price objective on eBay from $66.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, November 3rd. Moffett Nathanson began coverage on eBay in a research report on Tuesday, November 15th. They set a “market perform” rating and a $44.00 target price on the stock. Cowen lowered their price target on eBay from $52.00 to $45.00 in a report on Wednesday, October 26th. Finally, Robert W. Baird cut their price objective on shares of eBay from $60.00 to $55.00 and set an “outperform” rating on the stock in a report on Thursday, November 3rd. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $50.96.

Insider Activity at eBay

In other eBay news, Director Robert Holmes Swan sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $40.00, for a total value of $1,000,000.00. Following the sale, the director now directly owns 155,248 shares of the company’s stock, valued at $6,209,920. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CAO Brian J. Doerger sold 4,311 shares of the company’s stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $41.89, for a total transaction of $180,587.79. Following the completion of the transaction, the chief accounting officer now owns 9,542 shares in the company, valued at approximately $399,714.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Robert Holmes Swan sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $40.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the director now directly owns 155,248 shares in the company, valued at $6,209,920. The disclosure for this sale can be found here. Insiders sold a total of 38,853 shares of company stock worth $1,601,581 in the last 90 days. Corporate insiders own 0.17% of the company’s stock.

eBay Price Performance

Shares of NASDAQ EBAY opened at $46.26 on Monday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.33 and a quick ratio of 1.33. The stock has a market capitalization of $25.10 billion, a price-to-earnings ratio of -420.55, a PEG ratio of 1.80 and a beta of 1.29. The firm’s 50 day simple moving average is $43.49 and its 200-day simple moving average is $43.08. eBay Inc. has a 12 month low of $35.92 and a 12 month high of $63.84.

eBay (NASDAQ:EBAYGet Rating) last announced its quarterly earnings results on Wednesday, November 2nd. The e-commerce company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.09. eBay had a net margin of 0.28% and a return on equity of 29.43%. The firm had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.31 billion. Analysts expect that eBay Inc. will post 3.36 EPS for the current year.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 16th. Investors of record on Thursday, December 1st were paid a $0.22 dividend. The ex-dividend date was Wednesday, November 30th. This represents a $0.88 annualized dividend and a dividend yield of 1.90%. eBay’s dividend payout ratio is presently -800.00%.

About eBay

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eBay Inc operates marketplace platforms that connect buyers and sellers in the United States and internationally. The company's Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps. Its platforms enable users to list, buy, sell, and pay for items through various online, mobile, and offline channels that include retailers, distributors, liquidators, import and export companies, auctioneers, catalog and mail-order companies, directories, search engines, commerce participants, shopping channels, and networks.

See Also

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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