Handelsbanken Fonder AB cut its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 14.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 248,189 shares of the e-commerce company's stock after selling 40,693 shares during the period. Handelsbanken Fonder AB owned 0.06% of eBay worth $27,735,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Allworth Financial LP increased its position in eBay by 62.6% during the fourth quarter. Allworth Financial LP now owns 23,108 shares of the e-commerce company's stock worth $2,013,000 after buying an additional 8,899 shares during the last quarter. North Dakota State Investment Board acquired a new stake in shares of eBay in the fourth quarter worth about $1,809,000. Eurizon Capital SGR S.p.A. acquired a new stake in shares of eBay in the fourth quarter worth about $9,368,000. Jefferies Financial Group Inc. bought a new stake in shares of eBay during the 4th quarter worth about $1,209,000. Finally, KBC Group NV boosted its stake in shares of eBay by 14.4% during the 4th quarter. KBC Group NV now owns 722,802 shares of the e-commerce company's stock worth $62,956,000 after acquiring an additional 90,724 shares in the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other eBay news, SVP Mazen Rawashdeh sold 1,919 shares of the firm's stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $108.51, for a total value of $208,230.69. Following the completion of the sale, the senior vice president owned 32,124 shares in the company, valued at approximately $3,485,775.24. This trade represents a 5.64% decrease in their position. The sale 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 863 shares of eBay stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $109.17, for a total value of $94,213.71. Following the sale, the senior vice president directly owned 34,533 shares in the company, valued at $3,769,967.61. The trade was a 2.44% 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 sold 87,122 shares of company stock worth $9,953,842. 0.67% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on EBAY shares. Bank of America raised their price objective on eBay from $102.00 to $110.00 and gave the company a "neutral" rating in a research note on Tuesday, April 21st. Wells Fargo & Company cut eBay from an "equal weight" rating to an "underweight" rating and decreased their target price for the stock from $105.00 to $92.00 in a research report on Monday, August 3rd. BMO Capital Markets set a $145.00 price target on eBay in a report on Thursday, August 6th. Barclays lifted their price target on shares of eBay from $114.00 to $123.00 and gave the company an "overweight" rating in a research report on Thursday, August 6th. Finally, The Goldman Sachs Group boosted their price objective on shares of eBay from $88.00 to $100.00 and gave the stock a "neutral" rating in a research note on Thursday, April 30th. Fourteen analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $117.00.
Read Our Latest Research Report on eBay
eBay Stock Performance
NASDAQ EBAY opened at $102.31 on Thursday. The company's fifty day moving average is $110.88 and its two-hundred day moving average is $101.92. eBay Inc. has a 52-week low of $78.03 and a 52-week high of $119.31. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $45.53 billion, a price-to-earnings ratio of 21.18, a P/E/G ratio of 2.55 and a beta of 1.37.
eBay (NASDAQ:EBAY - Get Free Report) last announced 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 business had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the prior year, the business earned $1.37 earnings per share. The firm'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. Equities research analysts forecast that eBay Inc. will post 4.89 EPS for the current year.
eBay Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.24 annualized dividend and a yield of 1.2%. eBay's dividend payout ratio is 25.67%.
eBay Profile
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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.
See Also
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