Nordea Investment Management AB Raises Stock Position in eBay Inc. $EBAY

Key Points

• Nordea Investment Management AB increased its stake in eBay by 5.6% in the second quarter, owning 9,085,603 shares valued at approximately $674 million.
• Several analysts revised their price targets for eBay, with Susquehanna raising its target to $95 and JPMorgan increasing it to $68, indicating a generally positive outlook among investors.
• eBay also declared a quarterly dividend of $0.29, representing an annualized yield of 1.3% based on a payout ratio of 25.55%.

Nordea Investment Management AB increased its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 5.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,085,603 shares of the e-commerce company's stock after purchasing an additional 478,410 shares during the quarter. Nordea Investment Management AB owned 1.97% of eBay worth $674,061,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Procyon Advisors LLC boosted its holdings in eBay by 100.7% in the second quarter. Procyon Advisors LLC now owns 30,789 shares of the e-commerce company's stock worth $2,293,000 after purchasing an additional 15,449 shares during the last quarter. Optas LLC boosted its holdings in eBay by 99.0% in the second quarter. Optas LLC now owns 67,974 shares of the e-commerce company's stock worth $5,061,000 after purchasing an additional 33,814 shares during the last quarter. Marvin & Palmer Associates Inc. purchased a new stake in eBay in the first quarter worth approximately $2,958,000. Aberdeen Group plc boosted its stake in shares of eBay by 6.3% during the 2nd quarter. Aberdeen Group plc now owns 460,245 shares of the e-commerce company's stock worth $34,049,000 after acquiring an additional 27,230 shares during the last quarter. Finally, RHS Financial LLC purchased a new position in shares of eBay during the 2nd quarter worth $459,000. Hedge funds and other institutional investors own 87.48% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on EBAY shares. JPMorgan Chase & Co. lifted their price target 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. Susquehanna lifted their price target 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. Barclays reiterated an "overweight" rating and set a $92.00 price target (up previously from $77.00) on shares of eBay in a research note on Thursday, July 31st. Wall Street Zen cut shares of eBay from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Finally, Arete Research upgraded shares of eBay from a "strong sell" rating to a "hold" rating in a research note on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $84.11.

Insider Activity at eBay

In other eBay news, SVP Cornelius Boone sold 4,439 shares of the business's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $89.53, for a total value of $397,423.67. Following the sale, the senior vice president owned 93,392 shares in the company, valued at $8,361,385.76. The trade was a 4.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jamie Iannone sold 7,221 shares of the business's stock in a transaction on Monday, October 6th. The stock was sold at an average price of $91.76, for a total transaction of $662,598.96. Following the completion of the sale, the chief executive officer owned 250,223 shares in the company, valued at approximately $22,960,462.48. The trade was a 2.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 96,743 shares of company stock worth $8,979,844 in the last quarter. 0.64% of the stock is owned by company insiders.

eBay Stock Up 0.3%

EBAY opened at $91.18 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.00 and a current ratio of 1.00. eBay Inc. has a fifty-two week low of $56.33 and a fifty-two week high of $101.15. The firm's fifty day moving average is $92.91 and its 200 day moving average is $80.31. The stock has a market cap of $41.67 billion, a price-to-earnings ratio of 20.08, a price-to-earnings-growth ratio of 2.19 and a beta of 1.31.

eBay (NASDAQ:EBAY - Get Free Report) last released its earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share for the quarter, beating analysts' consensus estimates of $1.30 by $0.07. The company had revenue of $2.73 billion for 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%. eBay's revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.18 EPS. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. On average, sell-side analysts forecast that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

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

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.

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