eBay Inc. (NASDAQ:EBAY) Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 6.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 764,875 shares of the e-commerce company’s stock after buying an additional 46,032 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.16% of eBay worth $47,124,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of EBAY. Golden State Wealth Management LLC purchased a new position in eBay in the fourth quarter worth approximately $27,000. Quarry LP acquired a new stake in shares of eBay in the 3rd quarter valued at $36,000. New Wave Wealth Advisors LLC acquired a new position in shares of eBay during the fourth quarter worth $36,000. Lee Danner & Bass Inc. purchased a new position in eBay in the fourth quarter valued at $40,000. Finally, Versant Capital Management Inc lifted its holdings in eBay by 115.5% during the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after buying an additional 448 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Stock Performance

eBay stock opened at $67.16 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a fifty-two week low of $48.52 and a fifty-two week high of $71.61. The stock has a fifty day moving average of $67.11 and a two-hundred day moving average of $64.92. The company has a market capitalization of $31.30 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 2.22 and a beta of 1.45.

eBay Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.73%. This is a positive change from eBay’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, March 14th. eBay’s dividend payout ratio is 29.07%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on EBAY shares. Barclays set a $72.00 target price on eBay and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Benchmark increased their target price on shares of eBay from $65.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Jefferies Financial Group cut shares of eBay from a “hold” rating to an “underperform” rating and reduced their price target for the company from $60.00 to $52.00 in a research report on Tuesday, December 10th. JPMorgan Chase & Co. lifted their target price on eBay from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, February 27th. Finally, BMO Capital Markets upped their target price on eBay from $59.00 to $63.00 and gave the company a “market perform” rating in a research report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $65.54.

Insiders Place Their Bets

In related news, CFO Stephen J. Priest sold 1,033 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $64.93, for a total transaction of $67,072.69. Following the transaction, the chief financial officer now owns 65,080 shares of the company’s stock, valued at approximately $4,225,644.40. This represents a 1.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Cornelius Boone sold 3,958 shares of eBay stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total transaction of $265,423.48. Following the completion of the sale, the senior vice president now directly owns 94,392 shares of the company’s stock, valued at $6,329,927.52. The trade was a 4.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,241 shares of company stock valued at $1,061,665 in the last ninety days. Insiders own 0.38% of the company’s stock.

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.