Resona Asset Management Co. Ltd. Reduces Stock Position in eBay Inc. $EBAY

Resona Asset Management Co. Ltd. lowered its position in shares of eBay Inc. (NASDAQ:EBAY) by 4.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 142,944 shares of the e-commerce company’s stock after selling 6,859 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in eBay were worth $12,467,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Capstone Capital Management Ltd bought a new position in eBay in the 4th quarter worth $436,000. ProShare Advisors LLC raised its holdings in eBay by 3.1% in the 4th quarter. ProShare Advisors LLC now owns 164,550 shares of the e-commerce company’s stock worth $14,332,000 after purchasing an additional 4,902 shares in the last quarter. HighTower Advisors LLC raised its holdings in eBay by 7.7% in the 4th quarter. HighTower Advisors LLC now owns 133,492 shares of the e-commerce company’s stock worth $11,627,000 after purchasing an additional 9,531 shares in the last quarter. Sapient Capital LLC raised its holdings in eBay by 3.7% in the 4th quarter. Sapient Capital LLC now owns 6,462 shares of the e-commerce company’s stock worth $563,000 after purchasing an additional 229 shares in the last quarter. Finally, Chase Investment Counsel Corp raised its holdings in eBay by 0.8% in the 4th quarter. Chase Investment Counsel Corp now owns 94,677 shares of the e-commerce company’s stock worth $8,246,000 after purchasing an additional 711 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insider Buying and Selling at eBay

In related news, CEO Jamie Iannone sold 21,000 shares of the stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $97.37, for a total transaction of $2,044,770.00. Following the sale, the chief executive officer directly owned 352,653 shares of the company’s stock, valued at approximately $34,337,822.61. This represents a 5.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Douglas Bradle Sweetnam sold 12,978 shares of the stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $92.44, for a total transaction of $1,199,686.32. Following the sale, the senior vice president directly owned 42,948 shares in the company, valued at $3,970,113.12. This trade represents a 23.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 86,953 shares of company stock valued at $8,287,444 in the last quarter. 0.64% of the stock is owned by insiders.

More eBay News

Here are the key news stories impacting eBay this week:

• Positive Sentiment: GameStop increased its eBay stake to about 6.55%-6.6%, signaling continued takeover pressure and keeping merger/acquisition speculation alive. Reuters: GameStop increases stake in eBay to more than 6%
• Positive Sentiment: Sanford C. Bernstein raised its price target on eBay to $100 from $95, showing analysts still see value in the stock despite the takeover noise. MarketScreener: Bernstein adjusts price target on eBay

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. BNP Paribas Exane upped their price objective on shares of eBay from $97.00 to $110.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. President Capital upped their price objective on shares of eBay from $94.00 to $102.00 and gave the stock a “buy” rating in a report on Tuesday, March 31st. Needham & Company LLC restated a “buy” rating and issued a $122.00 price objective on shares of eBay in a report on Thursday, April 30th. BMO Capital Markets upped their price objective on shares of eBay from $120.00 to $130.00 in a report on Thursday, April 30th. Finally, Citigroup upped their price objective on shares of eBay from $114.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Thirteen equities research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $107.90.

eBay Stock Up 4.1%

Shares of eBay stock opened at $118.96 on Thursday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.22 and a quick ratio of 1.22. The company has a 50-day moving average of $99.54 and a 200 day moving average of $91.15. The firm has a market cap of $52.82 billion, a price-to-earnings ratio of 26.98, a PEG ratio of 2.54 and a beta of 1.39. eBay Inc. has a 1 year low of $71.00 and a 1 year high of $119.31.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, April 29th. The e-commerce company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.08. The company had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.04 billion. eBay had a net margin of 17.58% and a return on equity of 46.11%. eBay’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period last year, the business earned $1.38 EPS. eBay has set its Q2 2026 guidance at 1.090-1.140 EPS. As a group, sell-side analysts anticipate that eBay Inc. will post 4.83 earnings per share for the current fiscal year.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, May 29th. eBay’s dividend payout ratio (DPR) is presently 28.12%.

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.