Mitsubishi UFJ Asset Management Co. Ltd. Grows Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in eBay Inc. (NASDAQ:EBAY) by 6.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 764,875 shares of the e-commerce company’s stock after purchasing an additional 46,032 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in eBay were worth $47,124,000 at the end of the most recent quarter.

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

Insider Activity at eBay

In other news, SVP Cornelius Boone sold 3,958 shares of the company’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total value of $265,423.48. Following the transaction, the senior vice president now owns 94,392 shares in the company, valued at $6,329,927.52. This represents a 4.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 sale, the chief executive officer now owns 542,248 shares of the company’s stock, valued at approximately $33,825,430.24. This represents a 1.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,241 shares of company stock valued at $1,061,665. Company insiders own 0.38% of the company’s stock.

eBay Trading Up 0.5 %

NASDAQ EBAY opened at $67.16 on Friday. The firm’s 50 day moving average price is $67.11 and its two-hundred day moving average price is $64.92. 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 twelve month low of $48.52 and a twelve month high of $71.61. The stock has a market cap 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 firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.29 per share. This is an increase from eBay’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.73%. eBay’s payout ratio is currently 29.07%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Wedbush initiated coverage on shares of eBay in a report on Monday, December 9th. They set a “neutral” rating and a $70.00 price target for the company. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of eBay in a research report on Thursday, February 27th. StockNews.com raised eBay from a “hold” rating to a “buy” rating in a report on Friday, February 28th. JPMorgan Chase & Co. lifted their price objective on eBay from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, February 27th. Finally, Jefferies Financial Group cut eBay from a “hold” rating to an “underperform” rating and reduced their target price for the company from $60.00 to $52.00 in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, eBay currently has an average rating of “Hold” and a consensus price target of $65.54.

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.