Meiji Yasuda Asset Management Co Ltd. Buys 10,175 Shares of eBay Inc. (NASDAQ:EBAY)

Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of eBay Inc. (NASDAQ:EBAY) by 136.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 17,618 shares of the e-commerce company’s stock after buying an additional 10,175 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in eBay were worth $946,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Van ECK Associates Corp boosted its holdings in eBay by 25.0% in the 1st quarter. Van ECK Associates Corp now owns 85,688 shares of the e-commerce company’s stock valued at $4,523,000 after purchasing an additional 17,143 shares during the period. SteelPeak Wealth LLC boosted its holdings in eBay by 42.3% in the 1st quarter. SteelPeak Wealth LLC now owns 57,642 shares of the e-commerce company’s stock valued at $3,042,000 after purchasing an additional 17,140 shares during the period. Cetera Investment Advisers boosted its holdings in eBay by 325.4% in the 1st quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company’s stock valued at $4,178,000 after purchasing an additional 60,544 shares during the period. PGGM Investments boosted its holdings in eBay by 88.0% in the 2nd quarter. PGGM Investments now owns 61,115 shares of the e-commerce company’s stock valued at $3,283,000 after purchasing an additional 28,604 shares during the period. Finally, Freestone Capital Holdings LLC boosted its holdings in eBay by 435.2% in the 1st quarter. Freestone Capital Holdings LLC now owns 36,431 shares of the e-commerce company’s stock valued at $1,923,000 after purchasing an additional 29,624 shares during the period. Institutional investors own 87.48% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Evercore ISI boosted their price objective on shares of eBay from $47.00 to $53.00 and gave the company an “in-line” rating in a report on Thursday, August 1st. StockNews.com downgraded shares of eBay from a “buy” rating to a “hold” rating in a report on Monday, September 9th. Piper Sandler reaffirmed an “overweight” rating and set a $64.00 price target (up previously from $58.00) on shares of eBay in a report on Thursday, August 1st. Morgan Stanley upped their price target on shares of eBay from $61.00 to $64.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Finally, Daiwa America raised shares of eBay to a “hold” rating in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, eBay presently has an average rating of “Hold” and an average target price of $56.90.

Insider Transactions at eBay

In other news, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the completion of the sale, the chief financial officer now directly owns 70,332 shares in the company, valued at $4,494,918.12. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the transaction, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at $4,494,918.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Cornelius Boone sold 3,974 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total transaction of $256,760.14. Following the transaction, the senior vice president now directly owns 70,113 shares in the company, valued at $4,530,000.93. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by corporate insiders.

eBay Trading Up 0.1 %

Shares of NASDAQ EBAY opened at $63.22 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a 52-week low of $37.17 and a 52-week high of $64.96. The firm has a 50 day moving average price of $57.41 and a two-hundred day moving average price of $53.95. The stock has a market cap of $31.74 billion, a P/E ratio of 12.59, a price-to-earnings-growth ratio of 2.35 and a beta of 1.32.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share for the quarter, hitting the consensus estimate of $0.88. eBay had a net margin of 26.41% and a return on equity of 29.69%. The company had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.53 billion. As a group, equities analysts forecast that eBay Inc. will post 3.86 EPS for the current year.

eBay Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend was Friday, August 30th. eBay’s dividend payout ratio (DPR) is presently 21.51%.

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.