Bank of Nova Scotia purchased a new stake in eBay Inc. (NASDAQ:EBAY - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 47,478 shares of the e-commerce company's stock, valued at approximately $5,306,000.
Several other institutional investors have also added to or reduced their stakes in EBAY. Allworth Financial LP boosted its holdings in eBay by 62.6% in the fourth quarter. Allworth Financial LP now owns 23,108 shares of the e-commerce company's stock valued at $2,013,000 after purchasing an additional 8,899 shares during the last quarter. North Dakota State Investment Board purchased a new position in shares of eBay during the 4th quarter valued at about $1,809,000. Eurizon Capital SGR S.p.A. acquired a new position in shares of eBay in the 4th quarter valued at about $9,368,000. Jefferies Financial Group Inc. acquired a new position in shares of eBay in the 4th quarter valued at about $1,209,000. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lifted its holdings in shares of eBay by 904.3% in the 4th quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 283,215 shares of the e-commerce company's stock valued at $24,668,000 after buying an additional 255,015 shares during the period. Institutional investors and hedge funds own 87.48% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have commented on EBAY. Mizuho set a $110.00 price objective on eBay in a research report on Thursday, August 6th. Jefferies Financial Group set a $145.00 price objective on shares of eBay in a research note on Thursday, August 6th. Stifel Nicolaus set a $98.00 target price on shares of eBay in a report on Thursday, April 30th. Benchmark boosted their target price on shares of eBay from $115.00 to $134.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Finally, BMO Capital Markets set a $145.00 price target on shares of eBay in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, eBay has an average rating of "Hold" and a consensus price target of $117.24.
View Our Latest Analysis on EBAY
Insider Activity at eBay
In related news, CEO Jamie Iannone sold 11,110 shares of eBay stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $108.55, for a total value of $1,205,990.50. Following the completion of the transaction, the chief executive officer owned 253,211 shares in the company, valued at $27,486,054.05. The trade was a 4.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 that occurred 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 transaction, the senior vice president owned 35,546 shares of the company's stock, valued at $3,604,008.94. This trade represents a 2.77% decrease in their position. 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 sold 37,126 shares of company stock worth $4,087,886. Insiders own 0.67% of the company's stock.
eBay Price Performance
eBay stock opened at $106.00 on Wednesday. eBay Inc. has a 52-week low of $78.03 and a 52-week high of $119.31. The firm has a market capitalization of $47.17 billion, a price-to-earnings ratio of 21.95, a PEG ratio of 2.59 and a beta of 1.37. The company has a fifty day simple moving average of $110.01 and a 200-day simple moving average of $102.62. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.10.
eBay (NASDAQ:EBAY - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The e-commerce company reported $1.60 EPS for the quarter, beating analysts' consensus estimates of $1.50 by $0.10. eBay had a net margin of 18.50% and a return on equity of 47.88%. The company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the prior year, the firm earned $1.37 EPS. eBay's quarterly revenue was up 14.8% on a year-over-year basis. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. On average, equities analysts anticipate that eBay Inc. will post 4.86 EPS for the current fiscal year.
eBay Dividend Announcement
The business 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 $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, August 28th. eBay's dividend payout ratio (DPR) is 25.67%.
About eBay
(
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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