Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 209,426 shares of the e-commerce company's stock, valued at approximately $23,403,000. eBay comprises about 0.8% of Livforsakringsbolaget Skandia Omsesidigt's investment portfolio, making the stock its 29th largest holding.
A number of other large investors also recently bought and sold shares of EBAY. BlackRock Inc. bought a new stake in shares of eBay during the second quarter worth $4,406,897,000. Legal & General Group Plc bought a new position in shares of eBay in the second quarter worth about $506,653,000. Bank of America Corp DE purchased a new position in eBay in the 2nd quarter worth about $405,182,000. Bank of New York Mellon Corp purchased a new position in eBay in the 2nd quarter worth about $282,479,000. Finally, Altshuler Shaham Ltd increased its stake in eBay by 4,452,655.3% in the 4th quarter. Altshuler Shaham Ltd now owns 2,092,795 shares of the e-commerce company's stock worth $182,282,000 after buying an additional 2,092,748 shares during the period. Hedge funds and other institutional investors own 87.48% of the company's stock.
eBay Stock Performance
Shares of EBAY stock opened at $105.62 on Friday. The business's fifty day simple moving average is $109.77 and its 200-day simple moving average is $102.87. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.10. eBay Inc. has a 12-month low of $78.03 and a 12-month high of $119.31. The company has a market cap of $47.00 billion, a PE ratio of 21.87, a PEG ratio of 2.48 and a beta of 1.37.
eBay (NASDAQ:EBAY - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The e-commerce company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.50 by $0.10. The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.01 billion. eBay had a net margin of 18.50% and a return on equity of 47.88%. The business's revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.37 earnings per share. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. Analysts expect that eBay Inc. will post 4.86 earnings per share for the current fiscal year.
eBay Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.2%. eBay's payout ratio is 25.67%.
Insider Buying and Selling
In other eBay news, CEO Jamie Iannone sold 11,110 shares of the firm's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $108.55, for a total transaction of $1,205,990.50. Following the completion of the transaction, the chief executive officer directly owned 253,211 shares of the company's stock, valued at approximately $27,486,054.05. This trade represents a 4.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Douglas Bradle Sweetnam sold 1,014 shares of the business's stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $101.39, for a total transaction of $102,809.46. Following the transaction, the senior vice president owned 35,546 shares of the company's stock, valued at $3,604,008.94. This represents a 2.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 37,126 shares of company stock worth $4,087,886. 0.67% of the stock is owned by company insiders.
Analyst Ratings Changes
A number of equities analysts have commented on the stock. UBS Group upped their target price on shares of eBay from $107.00 to $120.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 11th. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $115.00 price target on shares of eBay in a research note on Monday, August 3rd. Susquehanna reiterated a "neutral" rating on shares of eBay in a report on Friday, August 7th. Morgan Stanley reissued an "overweight" rating and set a $127.00 target price on shares of eBay in a research report on Thursday, August 6th. Finally, Piper Sandler restated an "overweight" rating and set a $133.00 target price (up from $115.00) on shares of eBay in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $117.24.
Check Out Our Latest Analysis on EBAY
eBay Company Profile
(
Free Report)
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.
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