19,057 Shares in eBay Inc. $EBAY Bought by Daiichi Life Insurance Co. Ltd.

Daiichi Life Insurance Co. Ltd. purchased a new position in eBay Inc. (NASDAQ:EBAY) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 19,057 shares of the e-commerce company’s stock, valued at approximately $2,130,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EBAY. BlackRock Inc. acquired a new stake in shares of eBay in the 2nd quarter valued at about $4,406,897,000. Bank of New York Mellon Corp acquired a new stake in eBay in the second quarter valued at approximately $282,479,000. Altshuler Shaham Ltd increased its holdings in shares of eBay by 4,452,655.3% during the fourth quarter. Altshuler Shaham Ltd now owns 2,092,795 shares of the e-commerce company’s stock valued at $182,282,000 after acquiring an additional 2,092,748 shares in the last quarter. Deutsche Bank AG acquired a new position in shares of eBay during the second quarter worth approximately $222,680,000. Finally, Alyeska Investment Group L.P. lifted its holdings in shares of eBay by 214.6% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,858,383 shares of the e-commerce company’s stock worth $161,865,000 after purchasing an additional 1,267,601 shares in the last quarter. 87.48% of the stock is owned by institutional investors.

eBay Price Performance

Shares of NASDAQ:EBAY opened at $104.13 on Monday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.10. The stock has a market cap of $46.34 billion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 2.51 and a beta of 1.37. The stock’s fifty day simple moving average is $110.12 and its two-hundred day simple moving average is $102.37. eBay Inc. has a 1-year low of $78.03 and a 1-year high of $119.31.

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

eBay Announces Dividend

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

Insiders Place Their Bets

In other 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 owned 253,211 shares in the company, valued at $27,486,054.05. The trade was a 4.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Douglas Bradle Sweetnam sold 1,014 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $101.39, for a total value of $102,809.46. Following the completion of the transaction, the senior vice president owned 35,546 shares in the company, valued at $3,604,008.94. The trade was a 2.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 37,126 shares of company stock valued at $4,087,886. Corporate insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on EBAY. JPMorgan Chase & Co. boosted their price target on shares of eBay from $87.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Barclays boosted their target price on shares of eBay from $114.00 to $123.00 and gave the stock 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. Daiwa Securities Group raised their price target on shares of eBay from $90.00 to $114.00 in a research report on Monday, May 11th. Finally, Wall Street Zen upgraded eBay from a “hold” rating to a “buy” rating in a research note on Sunday, April 26th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target 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.