Mitsubishi UFJ Asset Management Co. Ltd. Grows Stock Holdings in eBay Inc. $EBAY

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of eBay Inc. (NASDAQ:EBAY) by 1.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 875,370 shares of the e-commerce company’s stock after purchasing an additional 12,097 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.19% of eBay worth $65,180,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hemington Wealth Management increased its holdings in shares of eBay by 7.7% in the 2nd quarter. Hemington Wealth Management now owns 1,742 shares of the e-commerce company’s stock valued at $129,000 after acquiring an additional 124 shares during the period. Parkside Financial Bank & Trust grew its stake in eBay by 9.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,666 shares of the e-commerce company’s stock valued at $124,000 after purchasing an additional 137 shares during the last quarter. Capital Investment Advisors LLC increased its holdings in eBay by 2.2% in the 2nd quarter. Capital Investment Advisors LLC now owns 6,280 shares of the e-commerce company’s stock worth $468,000 after buying an additional 138 shares during the period. Kovitz Investment Group Partners LLC raised its holdings in shares of eBay by 0.6% during the first quarter. Kovitz Investment Group Partners LLC now owns 23,039 shares of the e-commerce company’s stock worth $1,560,000 after purchasing an additional 143 shares during the last quarter. Finally, Journey Strategic Wealth LLC lifted its holdings in shares of eBay by 4.4% in the 1st quarter. Journey Strategic Wealth LLC now owns 3,921 shares of the e-commerce company’s stock valued at $266,000 after buying an additional 166 shares during the period. Institutional investors own 87.48% of the company’s stock.

eBay Price Performance

EBAY opened at $83.80 on Monday. The stock’s 50-day moving average price is $90.74 and its 200 day moving average price is $83.55. eBay Inc. has a 12-month low of $58.71 and a 12-month high of $101.15. The firm has a market cap of $37.88 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 2.39 and a beta of 1.29. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.05.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.03. eBay had a net margin of 20.37% and a return on equity of 41.45%. The company had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same period in the prior year, the firm earned $1.19 earnings per share. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. eBay has set its FY 2025 guidance at 4.090-4.140 EPS. Q4 2025 guidance at 1.310-1.360 EPS. As a group, sell-side analysts expect that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, November 28th. This represents a $1.16 dividend on an annualized basis and a yield of 1.4%. eBay’s dividend payout ratio is 25.22%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on EBAY. Citigroup restated a “market outperform” rating on shares of eBay in a research report on Thursday, October 30th. B. Riley increased their price target on shares of eBay from $94.00 to $96.00 and gave the company a “buy” rating in a research note on Monday, October 20th. Rothschild & Co Redburn lowered their price objective on eBay from $95.00 to $90.00 in a research report on Friday. BMO Capital Markets lifted their target price on eBay from $102.00 to $107.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Finally, Mizuho initiated coverage on eBay in a report on Monday, September 29th. They set a “neutral” rating and a $98.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eighteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $94.38.

Insider Buying and Selling at eBay

In other eBay news, CEO Jamie Iannone sold 7,221 shares of the business’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $81.08, for a total value of $585,478.68. Following the completion of the transaction, the chief executive officer owned 235,781 shares in the company, valued at $19,117,123.48. The trade was a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Mazen Rawashdeh sold 1,910 shares of the company’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $89.31, for a total value of $170,582.10. Following the sale, the senior vice president directly owned 3,824 shares in the company, valued at $341,521.44. This represents a 33.31% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 63,317 shares of company stock worth $5,361,568. 0.64% of the stock is currently owned by corporate 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.