eBay Inc. $EBAY Shares Sold by M&G PLC

M&G PLC decreased its holdings in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 8.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,906,346 shares of the e-commerce company's stock after selling 168,846 shares during the quarter. eBay makes up about 1.0% of M&G PLC's investment portfolio, making the stock its 28th biggest holding. M&G PLC owned 0.43% of eBay worth $202,073,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. John Boyer Inc. acquired a new stake in eBay in the 3rd quarter valued at $26,000. Compass Financial Management LLC acquired a new position in shares of eBay during the 2nd quarter worth about $28,000. Field & Main Bank acquired a new position in shares of eBay during the 2nd quarter worth about $31,000. Cassaday & Co Wealth Management LLC bought a new position in shares of eBay in the 1st quarter valued at about $26,000. Finally, Latitude Advisors LLC bought a new position in shares of eBay in the 3rd quarter valued at about $41,000. Institutional investors and hedge funds own 87.48% of the company's stock.

Insider Buying and Selling

In related news, SVP Jordan Sweetnam sold 1,014 shares of eBay 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 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. This trade represents a 2.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 11,110 shares of the business's stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $122.98, for a total value of $1,366,307.80. Following the completion of the sale, the chief executive officer owned 204,049 shares of the company's stock, valued at $25,093,946.02. This trade represents a 5.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 34,344 shares of company stock worth $3,795,885. 0.67% of the stock is owned by corporate insiders.

eBay Stock Performance

NASDAQ EBAY opened at $120.97 on Tuesday. The stock has a market cap of $53.11 billion, a PE ratio of 26.41, a P/E/G ratio of 2.99 and a beta of 1.30. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a 50-day moving average of $112.86 and a 200-day moving average of $104.71. eBay Inc. has a 52-week low of $78.03 and a 52-week high of $127.74.

eBay (NASDAQ:EBAY - Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The e-commerce company reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.10. The business had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.12 billion. eBay had a net margin of 16.84% and a return on equity of 49.20%. eBay's quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.36 EPS. On average, sell-side analysts anticipate that eBay Inc. will post 4.75 EPS for the current year.

eBay Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be paid a dividend of $0.31 per share. The ex-dividend date is Friday, December 4th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.0%. eBay's dividend payout ratio (DPR) is 27.07%.

eBay News Summary

Here are the key news stories impacting eBay this week:

• Positive Sentiment: A Zacks article included eBay among non-tech Nasdaq stocks with improving earnings estimates and growth opportunities, offering a modestly positive investment signal. Zacks article
• Neutral Sentiment: CEO Jamie Iannone sold 11,110 shares for about $1.37 million, reducing his direct holding by 5.16%. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, which makes it less clearly a signal about the company’s near-term outlook. SEC filing
• Negative Sentiment: The UK government is considering restricting under-16s’ access to online marketplaces including eBay, citing concerns about contact with strangers. If adopted, the measure could require age-verification changes and limit access to younger users; it remains under consideration, not a finalized ban. Sky News article

Wall Street Analyst Weigh In

A number of analysts recently issued reports on EBAY shares. Wells Fargo & Company raised eBay from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $91.00 to $106.00 in a research report on Thursday, October 29th. Truist Financial raised their price target on eBay from $115.00 to $133.00 and gave the company a "hold" rating in a research note on Thursday, October 29th. Mizuho set a $120.00 price target on eBay in a research note on Thursday, October 29th. Barclays lowered eBay from an "overweight" rating to an "underweight" rating in a research report on Thursday, October 29th. Finally, Citizens Jmp cut eBay from an "outperform" rating to a "market perform" rating in a research note on Tuesday, August 4th. Seventeen analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $123.52.

eBay Company Profile

eBay Inc operates a global online marketplace that connects buyers and sellers. Its platform supports both auction-style listings and fixed-price sales across a broad range of categories, including electronics, fashion, collectibles, home goods and auto parts.

Founded by Pierre Omidyar in 1995 as AuctionWeb, the company adopted the eBay name in 1997. It also provides services and tools for sellers, including advertising, payments and shipping features that support transactions on its marketplace.

eBay serves customers and businesses in markets around the world.

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