Livforsakringsbolaget Skandia Omsesidigt Trims Stake in eBay Inc. $EBAY

Key Points

• Livforsakringsbolaget Skandia Omsesidigt significantly reduced its stake in eBay Inc. by 76.8% in Q2, now holding 28,876 shares valued at $2.15 million after selling 95,650 shares.
• Institutional demand for eBay shares is high, with several funds increasing their holdings dramatically, including Impax Asset Management which raised its position by over 2,500% in Q1.
• eBay reported strong quarterly earnings with an EPS of $1.37, beating expectations, and announced a quarterly dividend of $0.29 per share, reflecting a payout ratio of 25.55%.

Livforsakringsbolaget Skandia Omsesidigt lowered its holdings in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 76.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,876 shares of the e-commerce company's stock after selling 95,650 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in eBay were worth $2,150,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Marvin & Palmer Associates Inc. bought a new stake in eBay during the first quarter worth about $2,958,000. Assenagon Asset Management S.A. boosted its stake in eBay by 0.5% during the first quarter. Assenagon Asset Management S.A. now owns 53,089 shares of the e-commerce company's stock worth $3,596,000 after acquiring an additional 246 shares in the last quarter. IFP Advisors Inc boosted its stake in eBay by 59.6% during the first quarter. IFP Advisors Inc now owns 3,857 shares of the e-commerce company's stock worth $261,000 after acquiring an additional 1,440 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of eBay by 2.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 79,452 shares of the e-commerce company's stock worth $5,381,000 after buying an additional 2,095 shares in the last quarter. Finally, MBB Public Markets I LLC bought a new position in shares of eBay in the first quarter worth approximately $330,000. Institutional investors own 87.48% of the company's stock.

Insider Activity

In related news, SVP Jordan Douglas Bradle Sweetnam sold 22,207 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $75.04, for a total transaction of $1,666,413.28. Following the completion of the transaction, the senior vice president owned 22,206 shares in the company, valued at approximately $1,666,338.24. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Cornelius Boone sold 4,439 shares of the company's stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $89.53, for a total transaction of $397,423.67. Following the transaction, the senior vice president owned 93,392 shares of the company's stock, valued at approximately $8,361,385.76. This represents a 4.54% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 157,553 shares of company stock valued at $13,505,983 in the last quarter. Company insiders own 0.64% of the company's stock.

eBay Stock Performance

EBAY traded up $1.51 during trading on Friday, hitting $91.11. The company's stock had a trading volume of 10,937,989 shares, compared to its average volume of 5,650,156. The business's 50 day simple moving average is $89.71 and its 200-day simple moving average is $76.95. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.05. The firm has a market cap of $41.64 billion, a PE ratio of 20.07, a P/E/G ratio of 2.18 and a beta of 1.32. eBay Inc. has a one year low of $56.33 and a one year high of $101.15.

eBay (NASDAQ:EBAY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.30 by $0.07. The firm had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.64 billion. eBay had a net margin of 20.86% and a return on equity of 38.97%. The company's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.18 earnings per share. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. As a group, sell-side analysts predict that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.3%. eBay's dividend payout ratio is 25.55%.

Wall Street Analyst Weigh In

EBAY has been the topic of several analyst reports. JPMorgan Chase & Co. upped their target price on shares of eBay from $66.00 to $68.00 and gave the stock a "neutral" rating in a research note on Friday, July 11th. BMO Capital Markets upgraded shares of eBay from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $70.00 to $102.00 in a research note on Thursday, July 31st. Susquehanna upped their target price on shares of eBay from $70.00 to $95.00 and gave the stock a "neutral" rating in a research note on Friday, August 1st. Citizens Jmp upgraded shares of eBay to a "hold" rating in a research note on Thursday, July 10th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of eBay from $75.00 to $90.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twenty have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, eBay currently has a consensus rating of "Hold" and a consensus price target of $78.89.

eBay Profile

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company's marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.