2,299,627 Shares in eBay Inc. $EBAY Purchased by Nykredit A S

Key Points

• Nykredit A S purchased 2,299,627 eBay shares during the second quarter, worth approximately $257 million and representing about 0.52% of eBay’s outstanding stock.
• Institutional investors own 87.48% of eBay, while company insiders own just 0.67% and sold 26,016 shares worth approximately $2.87 million during the latest quarter.
• eBay exceeded quarterly earnings and revenue expectations, reporting $1.60 EPS and $3.13 billion in revenue. The company also declared a $0.31 quarterly dividend, while analysts maintain a consensus “Hold” rating with an average price target of $117.24.

Nykredit A S bought a new stake in eBay Inc. (NASDAQ:EBAY - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,299,627 shares of the e-commerce company's stock, valued at approximately $256,983,000. eBay comprises about 0.8% of Nykredit A S's holdings, making the stock its 20th largest position. Nykredit A S owned approximately 0.52% of eBay as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Spire Wealth Management boosted its holdings in shares of eBay by 29.7% in the 2nd quarter. Spire Wealth Management now owns 489 shares of the e-commerce company's stock valued at $55,000 after acquiring an additional 112 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its position in eBay by 4.6% during the second quarter. B. Riley Wealth Advisors Inc. now owns 2,818 shares of the e-commerce company's stock valued at $312,000 after purchasing an additional 125 shares during the period. Capital Asset Advisory Services LLC lifted its position in eBay by 3.3% during the first quarter. Capital Asset Advisory Services LLC now owns 4,035 shares of the e-commerce company's stock valued at $367,000 after purchasing an additional 129 shares during the period. Harfst & Associates Inc. lifted its position in eBay by 0.6% during the fourth quarter. Harfst & Associates Inc. now owns 22,461 shares of the e-commerce company's stock valued at $1,956,000 after purchasing an additional 131 shares during the period. Finally, Commerce Bank boosted its holdings in eBay by 0.5% in the fourth quarter. Commerce Bank now owns 28,313 shares of the e-commerce company's stock valued at $2,466,000 after purchasing an additional 132 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company's stock.

Insider Activity at eBay

In related news, SVP Mazen Rawashdeh sold 1,919 shares of eBay stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $108.51, for a total value of $208,230.69. Following the sale, the senior vice president owned 32,124 shares of the company's stock, valued at approximately $3,485,775.24. This trade represents a 5.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 stock was sold at an average price of $101.39, for a total transaction of $102,809.46. Following the completion of the sale, the senior vice president directly owned 35,546 shares of the company's stock, valued at approximately $3,604,008.94. The trade was a 2.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 26,016 shares of company stock valued at $2,870,341. 0.67% of the stock is owned by company insiders.

eBay Price Performance

Shares of eBay stock opened at $106.70 on Thursday. The firm has a market cap of $47.48 billion, a PE ratio of 22.09, a P/E/G ratio of 2.79 and a beta of 1.34. eBay Inc. has a twelve month low of $78.03 and a twelve month high of $119.31. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.10. The business has a 50-day moving average price of $109.60 and a 200 day moving average price of $103.44.

eBay (NASDAQ:EBAY - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.50 by $0.10. eBay had a return on equity of 47.88% and a net margin of 18.50%.The company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the prior year, the business posted $1.37 earnings per share. eBay's revenue for the quarter was up 14.8% on a year-over-year basis. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. Sell-side analysts predict that eBay Inc. will post 4.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be given a dividend of $0.31 per share. The ex-dividend date is Friday, August 28th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.2%. eBay's dividend payout ratio (DPR) is 25.67%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Truist Financial increased their price target on eBay from $105.00 to $115.00 and gave the stock a "hold" rating in a research report on Thursday, August 6th. Rosenblatt Securities started coverage on eBay in a report on Thursday, August 20th. They set a "buy" rating and a $120.00 target price on the stock. Mizuho set a $110.00 price target on eBay in a research report on Thursday, August 6th. Citigroup boosted their price target on eBay from $127.00 to $130.00 and gave the company a "buy" rating in a report on Thursday, August 13th. Finally, Susquehanna restated a "neutral" rating on shares of eBay in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, eBay currently has a consensus rating of "Hold" and an average price target of $117.24.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source