Mufg Securities Americas Inc. Invests $438,000 in eBay Inc. (NASDAQ:EBAY)

Mufg Securities Americas Inc. purchased a new position in eBay Inc. (NASDAQ:EBAY - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 7,072 shares of the e-commerce company's stock, valued at approximately $438,000.

Other hedge funds have also recently made changes to their positions in the company. Ameriprise Financial Inc. lifted its position in eBay by 12.4% in the 4th quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company's stock valued at $1,765,148,000 after acquiring an additional 3,149,934 shares in the last quarter. Independent Franchise Partners LLP lifted its position in eBay by 25.6% in the 4th quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company's stock valued at $692,517,000 after acquiring an additional 2,277,839 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in eBay by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,032,336 shares of the e-commerce company's stock valued at $435,665,000 after acquiring an additional 245,624 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of eBay by 17.8% during the 4th quarter. Northern Trust Corp now owns 6,809,265 shares of the e-commerce company's stock valued at $421,834,000 after buying an additional 1,030,292 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of eBay by 1.4% during the 4th quarter. Victory Capital Management Inc. now owns 5,936,508 shares of the e-commerce company's stock valued at $367,767,000 after buying an additional 82,904 shares during the period. 87.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on EBAY. Sanford C. Bernstein lowered eBay from an "outperform" rating to a "market perform" rating and cut their price target for the stock from $70.00 to $65.00 in a research note on Tuesday, April 22nd. Wells Fargo & Company increased their price objective on shares of eBay from $62.00 to $63.00 and gave the company an "equal weight" rating in a report on Thursday, May 1st. Cantor Fitzgerald increased their price objective on shares of eBay from $65.00 to $69.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Susquehanna increased their price objective on shares of eBay from $65.00 to $70.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Finally, Citigroup lowered their price target on shares of eBay from $80.00 to $79.00 and set a "buy" rating for the company in a report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $67.42.

eBay Price Performance

Shares of EBAY stock traded up $0.59 during mid-day trading on Monday, hitting $72.43. 4,095,773 shares of the stock were exchanged, compared to its average volume of 4,985,228. The firm has a fifty day moving average of $66.49 and a 200 day moving average of $65.50. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 52-week low of $51.02 and a 52-week high of $72.52. The company has a market cap of $33.39 billion, a PE ratio of 18.20, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30.

eBay (NASDAQ:EBAY - Get Free Report) last posted its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.04. eBay had a net margin of 19.68% and a return on equity of 30.97%. The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period in the prior year, the company posted $1.25 EPS. The company's revenue for the quarter was up 1.1% on a year-over-year basis. Research analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Friday, May 30th. eBay's payout ratio is currently 27.62%.

Insider Transactions at eBay

In other eBay news, SVP Cornelius Boone sold 3,958 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total value of $265,423.48. Following the completion of the sale, the senior vice president now owns 94,392 shares in the company, valued at approximately $6,329,927.52. This represents a 4.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Julie A. Loeger sold 127,070 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $69.43, for a total transaction of $8,822,470.10. Following the completion of the sale, the senior vice president now owns 123,282 shares of the company's stock, valued at approximately $8,559,469.26. The trade was a 50.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 187,755 shares of company stock valued at $12,943,715 in the last ninety days. 0.64% of the stock is currently owned by corporate insiders.

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.