Mitsubishi UFJ Asset Management Co. Ltd. Acquires Shares of 1,061,404 eBay Inc. $EBAY

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

Other large investors have also recently made changes to their positions in the company. Cedar Mountain Advisors LLC boosted its stake in eBay by 128.9% during the first quarter. Cedar Mountain Advisors LLC now owns 277 shares of the e-commerce company’s stock valued at $25,000 after buying an additional 156 shares during the last quarter. High Point Wealth Management LLC bought a new stake in eBay in the 4th quarter worth approximately $26,000. Abound Financial LLC bought a new stake in eBay in the 4th quarter worth approximately $26,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of eBay during the 1st quarter worth approximately $26,000. Finally, Jessup Wealth Management Inc bought a new position in shares of eBay during the 4th quarter valued at approximately $27,000. 87.48% of the stock is owned by institutional investors.

Insider Activity

In related news, SVP Mazen Rawashdeh sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $117.04, for a total transaction of $5,852,000.00. Following the completion of the sale, the senior vice president directly owned 29,217 shares of the company’s stock, valued at approximately $3,419,557.68. This trade represents a 63.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Douglas Bradle Sweetnam sold 863 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $109.17, for a total value of $94,213.71. Following the transaction, the senior vice president owned 34,533 shares of the company’s stock, valued at approximately $3,769,967.61. The trade was a 2.44% decrease in their position. 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 have sold 86,112 shares of company stock valued at $9,837,076. 0.67% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Needham & Company LLC raised their target price on shares of eBay from $122.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Wedbush reaffirmed an “outperform” rating and set a $135.00 price target on shares of eBay in a research note on Thursday, August 6th. Evercore set a $96.00 price objective on shares of eBay in a research report on Thursday, April 30th. Stifel Nicolaus set a $98.00 price objective on shares of eBay in a research note on Thursday, April 30th. Finally, Wells Fargo & Company downgraded 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. 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $117.09.

eBay Trading Up 1.3%

Shares of EBAY opened at $102.27 on Wednesday. The company’s fifty day simple moving average is $110.39 and its 200-day simple moving average is $102.15. The company has a market cap of $45.51 billion, a P/E ratio of 21.17, a P/E/G ratio of 2.49 and a beta of 1.37. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.10. eBay Inc. has a twelve month low of $78.03 and a twelve month high of $119.31.

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

eBay Announces Dividend

The firm also recently announced 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. This represents a $1.24 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, August 28th. eBay’s payout ratio is 25.67%.

About eBay

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.