eBay Inc. (NASDAQ:EBAY) Shares Purchased by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of eBay Inc. (NASDAQ:EBAY) by 6.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,611 shares of the e-commerce company’s stock after buying an additional 1,046 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in eBay were worth $1,091,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Wellington Management Group LLP acquired a new position in eBay in the 3rd quarter valued at about $105,506,000. Raymond James Financial Inc. purchased a new stake in shares of eBay during the fourth quarter worth about $96,214,000. Boston Partners raised its position in shares of eBay by 35.2% in the fourth quarter. Boston Partners now owns 5,856,276 shares of the e-commerce company’s stock valued at $362,823,000 after buying an additional 1,524,691 shares during the last quarter. Amundi lifted its stake in shares of eBay by 16.8% during the fourth quarter. Amundi now owns 4,719,128 shares of the e-commerce company’s stock valued at $292,350,000 after buying an additional 677,389 shares during the period. Finally, Allianz Asset Management GmbH boosted its position in eBay by 23.2% during the fourth quarter. Allianz Asset Management GmbH now owns 2,460,879 shares of the e-commerce company’s stock worth $152,451,000 after acquiring an additional 463,015 shares during the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $62.38, for a total transaction of $350,887.50. Following the completion of the sale, the chief executive officer now owns 542,248 shares in the company, valued at $33,825,430.24. This trade represents a 1.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Stephen J. Priest sold 1,033 shares of eBay stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $64.93, for a total value of $67,072.69. Following the sale, the chief financial officer now owns 65,080 shares in the company, valued at $4,225,644.40. This represents a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,241 shares of company stock worth $1,061,665 over the last ninety days. Corporate insiders own 0.38% of the company’s stock.

eBay Price Performance

Shares of EBAY stock opened at $65.58 on Thursday. The firm has a fifty day simple moving average of $67.05 and a 200-day simple moving average of $64.83. The company has a market capitalization of $30.56 billion, a PE ratio of 16.48, a price-to-earnings-growth ratio of 2.22 and a beta of 1.45. eBay Inc. has a twelve month low of $48.52 and a twelve month high of $71.61. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $0.29 dividend. This is a boost from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date is Friday, March 14th. eBay’s dividend payout ratio is presently 29.07%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Stifel Nicolaus cut their price target on eBay from $64.00 to $63.00 and set a “hold” rating for the company in a report on Thursday, February 27th. JMP Securities reiterated a “market perform” rating on shares of eBay in a research report on Monday, December 16th. Citigroup lifted their price target on eBay from $75.00 to $80.00 and gave the company a “buy” rating in a report on Friday, February 14th. StockNews.com upgraded shares of eBay from a “hold” rating to a “buy” rating in a report on Friday, February 28th. Finally, Bank of America lowered their target price on shares of eBay from $72.00 to $71.00 and set a “neutral” rating for the company in a report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, eBay currently has an average rating of “Hold” and a consensus target price of $65.54.

eBay Company 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.