Mitsubishi UFJ Trust & Banking Corp Reduces Holdings in eBay Inc. (NASDAQ:EBAY)

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in eBay Inc. (NASDAQ:EBAY) by 2.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 808,931 shares of the e-commerce company’s stock after selling 22,209 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in eBay were worth $50,113,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Golden State Wealth Management LLC purchased a new stake in eBay in the 4th quarter valued at approximately $27,000. Quarry LP acquired a new position in shares of eBay in the third quarter worth $36,000. New Wave Wealth Advisors LLC purchased a new stake in shares of eBay in the fourth quarter valued at $36,000. Lee Danner & Bass Inc. acquired a new stake in shares of eBay during the fourth quarter valued at $40,000. Finally, Versant Capital Management Inc increased its position 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 purchasing an additional 448 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on EBAY shares. Bank of America reduced their target price on shares of eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a report on Thursday, February 27th. Cantor Fitzgerald raised their target price on shares of eBay from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, February 27th. Susquehanna lifted their target price on shares of eBay from $60.00 to $65.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. Morgan Stanley increased their price target on eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating on shares of eBay in a research report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, sixteen have issued 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 a consensus price target of $65.54.

eBay Stock Performance

Shares of NASDAQ:EBAY opened at $66.30 on Wednesday. The company has a market cap of $30.90 billion, a P/E ratio of 16.66, a PEG ratio of 2.22 and a beta of 1.45. The business’s 50-day simple moving average is $67.04 and its 200 day simple moving average is $64.82. eBay Inc. has a one year low of $48.52 and a one year high of $71.61. 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 Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.75%. This is a positive change from eBay’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, March 14th. eBay’s dividend payout ratio (DPR) is presently 29.07%.

Insider Buying and Selling

In other eBay news, 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 transaction of $67,072.69. Following the sale, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,225,644.40. The trade was a 1.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total value of $350,887.50. Following the transaction, the chief executive officer now owns 542,248 shares of the company’s stock, valued at approximately $33,825,430.24. This trade represents a 1.03 % 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 quarter. Company insiders own 0.38% of the company’s stock.

About eBay

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.