Mitsubishi UFJ Asset Management Co. Ltd. Takes $118.61 Million Position in eBay Inc. $EBAY

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,061,404 shares of the e-commerce company's stock, valued at approximately $118,612,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.24% of eBay as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Guggenheim Capital LLC boosted its stake in shares of eBay by 7.4% in the 2nd quarter. Guggenheim Capital LLC now owns 14,334 shares of the e-commerce company's stock worth $1,067,000 after buying an additional 988 shares during the last quarter. Jump Financial LLC bought a new position in eBay in the second quarter valued at about $275,000. NewEdge Advisors LLC lifted its holdings in 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 acquiring an additional 44,851 shares during the period. Sei Investments Co. boosted its position in eBay by 48.7% in the second quarter. Sei Investments Co. now owns 471,543 shares of the e-commerce company's stock worth $35,111,000 after purchasing an additional 154,465 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its position in eBay by 26.3% in the second quarter. Treasurer of the State of North Carolina now owns 325,678 shares of the e-commerce company's stock worth $24,250,000 after purchasing an additional 67,731 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company's stock.

Insider Buying and Selling

In related news, CEO Jamie Iannone sold 11,110 shares of the business's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $108.55, for a total value of $1,205,990.50. Following the transaction, the chief executive officer directly owned 253,211 shares of the company's stock, valued at approximately $27,486,054.05. The trade was a 4.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Douglas Bradle Sweetnam sold 863 shares of the company's stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $109.17, for a total value of $94,213.71. Following the completion of the transaction, the senior vice president owned 34,533 shares of the company's stock, valued at $3,769,967.61. The trade was a 2.44% 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 90 days, insiders sold 86,112 shares of company stock worth $9,837,076. 0.67% of the stock is owned by corporate insiders.

eBay Stock Up 1.3%

Shares of EBAY stock opened at $102.27 on Wednesday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.02 and a quick ratio of 1.02. eBay Inc. has a one year low of $78.03 and a one year high of $119.31. The company's fifty day moving average price is $110.39 and its 200-day moving average price is $102.15. The company has a market capitalization of $45.51 billion, a price-to-earnings ratio of 21.17, a PEG ratio of 2.49 and a beta of 1.37.

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

eBay Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Jefferies Financial Group set a $145.00 price target on eBay in a research note on Thursday, August 6th. Morgan Stanley reissued an "overweight" rating and issued a $127.00 price objective on shares of eBay in a report on Thursday, August 6th. Barclays boosted their target price on shares of eBay from $114.00 to $123.00 and gave the company an "overweight" rating in a research report on Thursday, August 6th. Mizuho set a $110.00 target price on shares of eBay in a report on Thursday, August 6th. Finally, Susquehanna reiterated a "neutral" rating on shares of eBay in a research report on Friday, August 7th. Fourteen analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, eBay currently has a consensus rating of "Hold" and an average price target of $117.09.

eBay Company 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.

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