Mitsubishi UFJ Trust & Banking Corp Trims Stake in eBay Inc. $EBAY

Mitsubishi UFJ Trust & Banking Corp cut its position in shares of eBay Inc. (NASDAQ:EBAY) by 2.7% in the third quarter, HoldingsChannel reports. The firm owned 809,706 shares of the e-commerce company’s stock after selling 22,613 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in eBay were worth $73,643,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in EBAY. Nordea Investment Management AB raised its holdings in shares of eBay by 5.6% in the second quarter. Nordea Investment Management AB now owns 9,085,603 shares of the e-commerce company’s stock valued at $674,061,000 after acquiring an additional 478,410 shares in the last quarter. Invesco Ltd. increased its position in eBay by 1.7% during the 2nd quarter. Invesco Ltd. now owns 8,581,556 shares of the e-commerce company’s stock valued at $638,983,000 after purchasing an additional 140,160 shares during the period. Impax Asset Management Group plc raised its holdings in shares of eBay by 7.8% in the 2nd quarter. Impax Asset Management Group plc now owns 3,810,634 shares of the e-commerce company’s stock valued at $282,838,000 after purchasing an additional 275,344 shares in the last quarter. ABN AMRO Bank N.V. bought a new stake in shares of eBay in the 2nd quarter valued at about $235,149,000. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of eBay by 5.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,817,489 shares of the e-commerce company’s stock worth $256,251,000 after purchasing an additional 157,537 shares during the period. Institutional investors own 87.48% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Cornelius Boone sold 4,462 shares of eBay stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $83.94, for a total transaction of $374,540.28. Following the completion of the sale, the senior vice president directly owned 91,921 shares in the company, valued at approximately $7,715,848.74. The trade was a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Mazen Rawashdeh sold 1,920 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $81.90, for a total transaction of $157,248.00. Following the sale, the senior vice president directly owned 5,746 shares in the company, valued at $470,597.40. This trade represents a 25.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 53,675 shares of company stock valued at $4,388,825. Corporate insiders own 0.64% of the company’s stock.

Analyst Ratings Changes

EBAY has been the topic of several research reports. Evercore ISI lifted their price objective on shares of eBay from $90.00 to $93.00 and gave the company an “in-line” rating in a report on Thursday, October 30th. BNP Paribas Exane assumed coverage on eBay in a report on Monday, November 24th. They issued a “hold” rating on the stock. Truist Financial boosted their price target on eBay from $86.00 to $92.00 and gave the stock a “hold” rating in a research report on Monday, November 3rd. B. Riley boosted their target price on shares of eBay from $94.00 to $96.00 and gave the stock a “buy” rating in a report on Monday, October 20th. Finally, JMP Securities raised shares of eBay from a “market perform” rating to a “market outperform” rating and set a $115.00 price target for the company in a research report on Friday, October 24th. Fourteen analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $95.66.

eBay Price Performance

Shares of NASDAQ EBAY opened at $93.61 on Friday. eBay Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $101.15. The company has a market cap of $42.31 billion, a PE ratio of 20.35, a P/E/G ratio of 2.18 and a beta of 1.35. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.92 and a current ratio of 0.92. The business has a 50-day simple moving average of $86.25 and a two-hundred day simple moving average of $88.41.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, October 29th. The e-commerce company reported $1.36 EPS for the quarter, beating the consensus estimate of $1.33 by $0.03. The firm had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.73 billion. eBay had a net margin of 20.37% and a return on equity of 41.94%. eBay’s revenue was up 9.5% on a year-over-year basis. During the same period last year, the firm posted $1.19 EPS. eBay has set its FY 2025 guidance at 4.090-4.140 EPS and its Q4 2025 guidance at 1.310-1.360 EPS. As a group, equities analysts expect that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Company Profile

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.