Daiichi Life Insurance Co. Ltd. Takes $2.13 Million Position in eBay Inc. $EBAY

Key Points

• Daiichi Life Insurance acquired 19,057 eBay shares worth approximately $2.13 million during the second quarter. Institutional investors collectively own 87.48% of eBay’s outstanding stock.
• eBay reported stronger-than-expected quarterly results, with EPS of $1.60 versus the $1.50 consensus estimate and revenue of $3.13 billion, up 14.8% year over year. The company guided for third-quarter EPS of $1.36–$1.42.
• eBay declared a quarterly dividend of $0.31 per share, equivalent to a 1.2% annualized yield. Wall Street’s consensus rating remains Hold, with an average price target of $117.24.

Daiichi Life Insurance Co. Ltd. acquired a new stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 19,057 shares of the e-commerce company's stock, valued at approximately $2,130,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Guggenheim Capital LLC boosted its stake in shares of eBay by 7.4% during the second quarter. Guggenheim Capital LLC now owns 14,334 shares of the e-commerce company's stock valued at $1,067,000 after purchasing an additional 988 shares in the last quarter. Jump Financial LLC acquired a new position in shares of eBay in the second quarter valued at approximately $275,000. NewEdge Advisors LLC increased its stake in shares of eBay by 70.4% in the second quarter. NewEdge Advisors LLC now owns 108,572 shares of the e-commerce company's stock valued at $8,084,000 after buying an additional 44,851 shares during the period. Sei Investments Co. raised its holdings in eBay by 48.7% in the 2nd quarter. Sei Investments Co. now owns 471,543 shares of the e-commerce company's stock valued at $35,111,000 after buying an additional 154,465 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in eBay by 26.3% in the 2nd quarter. Treasurer of the State of North Carolina now owns 325,678 shares of the e-commerce company's stock valued at $24,250,000 after buying an additional 67,731 shares during the last quarter. Institutional investors own 87.48% of the company's stock.

Insider Buying and Selling at eBay

In other news, SVP Mazen Rawashdeh sold 1,919 shares of the business's stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $108.51, for a total value of $208,230.69. Following the transaction, the senior vice president directly owned 32,124 shares of the company's stock, valued at $3,485,775.24. The trade was a 5.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 11,110 shares of the business's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $108.55, for a total value of $1,205,990.50. Following the completion of the transaction, the chief executive officer directly owned 253,211 shares in the company, valued at $27,486,054.05. This represents a 4.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 37,126 shares of company stock valued at $4,087,886. 0.67% of the stock is currently owned by insiders.

eBay Stock Performance

NASDAQ:EBAY opened at $104.13 on Monday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.02 and a current ratio of 1.02. eBay Inc. has a fifty-two week low of $78.03 and a fifty-two week high of $119.31. The company has a 50 day simple moving average of $110.12 and a two-hundred day simple moving average of $102.37. The company has a market capitalization of $46.34 billion, a PE ratio of 21.56, a P/E/G ratio of 2.51 and a beta of 1.37.

eBay (NASDAQ:EBAY - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.50 by $0.10. eBay had a net margin of 18.50% and a return on equity of 47.88%. The firm had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the previous year, the company earned $1.37 EPS. The company's revenue for the quarter was up 14.8% on a year-over-year basis. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. Research analysts anticipate that eBay Inc. will post 4.87 earnings per share for the current year.

eBay Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.24 dividend on an annualized basis and a yield of 1.2%. eBay's dividend payout ratio is 25.67%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EBAY. Wells Fargo & Company lowered shares of eBay from an "equal weight" rating to an "underweight" rating and reduced their target price for the stock from $105.00 to $92.00 in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft set a $124.00 price target on shares of eBay in a research note on Monday, May 4th. Rothschild & Co Redburn lifted their price target on shares of eBay from $100.00 to $115.00 and gave the stock a "neutral" rating in a report on Wednesday, May 13th. JPMorgan Chase & Co. boosted their price objective on shares of eBay from $87.00 to $100.00 and gave the stock a "neutral" rating in a research note on Thursday, April 30th. Finally, Weiss Ratings upgraded eBay from a "buy (b)" rating to a "buy (b+)" rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $117.24.

eBay Profile

eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price "Buy It Now" transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.

The company's core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source