The Manufacturers Life Insurance Company Acquires New Holdings in eBay Inc. $EBAY

Key Points

• The Manufacturers Life Insurance Company acquired 238,816 eBay shares worth approximately $26.7 million, while institutional investors and hedge funds collectively own 87.48% of the company.
• eBay reported stronger-than-expected quarterly results, with $1.60 in EPS and $3.13 billion in revenue, representing 14.8% year-over-year growth. The company guided for third-quarter EPS of $1.36 to $1.42.
• Analyst sentiment remains mixed, with an average rating of “Hold” and a consensus price target of $117.24; eBay shares opened at $102.27, down 1.9%.

The Manufacturers Life Insurance Company bought a new stake in eBay Inc. (NASDAQ:EBAY - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 238,816 shares of the e-commerce company's stock, valued at approximately $26,688,000. The Manufacturers Life Insurance Company owned approximately 0.05% of eBay at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of EBAY. Fiduciary Financial Advisors bought a new position in shares of eBay in the 2nd quarter valued at $74,000. L2 Asset Management LLC bought a new stake in eBay during the 2nd quarter worth $686,000. Aberdeen Wealth Management LLC bought a new stake in eBay during the 2nd quarter worth $421,000. Cibc World Market Inc. acquired a new position in eBay in the 2nd quarter worth about $9,391,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in eBay in the 2nd quarter worth about $81,290,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at eBay

In other eBay news, SVP Mazen Rawashdeh sold 1,919 shares of the stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $108.51, for a total transaction of $208,230.69. Following the completion of the sale, the senior vice president owned 32,124 shares of the company's stock, valued at approximately $3,485,775.24. This represents a 5.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 firm'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 approximately $3,604,008.94. The trade was a 2.77% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 37,126 shares of company stock worth $4,087,886 over the last ninety days. Insiders own 0.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EBAY. President Capital lifted their price target on eBay from $102.00 to $126.00 and gave the company a "buy" rating in a research note on Thursday, June 25th. Robert W. Baird set a $126.00 price objective on eBay in a research note on Thursday, August 6th. Sanford C. Bernstein reiterated a "market perform" rating and issued a $115.00 price objective on shares of eBay in a report on Monday, August 3rd. Piper Sandler reiterated an "overweight" rating and issued a $133.00 price objective (up from $115.00) on shares of eBay in a report on Thursday, August 6th. Finally, Wells Fargo & Company downgraded shares of eBay from an "equal weight" rating to an "underweight" rating and cut their target price for the stock from $105.00 to $92.00 in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, eBay currently has an average rating of "Hold" and a consensus price target of $117.24.

eBay Stock Down 1.9%

Shares of EBAY opened at $102.27 on Friday. The company has a market capitalization of $45.51 billion, a PE ratio of 21.17, a PEG ratio of 2.52 and a beta of 1.37. eBay Inc. has a 12 month low of $78.03 and a 12 month high of $119.31. The stock's 50-day moving average price is $109.82 and its two-hundred day moving average price is $102.85. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.10.

eBay (NASDAQ:EBAY - Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.01 billion. eBay had a return on equity of 47.88% and a net margin of 18.50%.The business's revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.37 EPS. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. On average, analysts anticipate that eBay Inc. will post 4.86 EPS for the current 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. The ex-dividend date is Friday, August 28th. This represents a $1.24 annualized dividend and a yield of 1.2%. eBay's dividend payout ratio is presently 25.67%.

eBay Company Profile

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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