The Manufacturers Life Insurance Company Sells 356,608 Shares of eBay Inc. $EBAY

Key Points

• The Manufacturers Life Insurance Company reduced its position in eBay Inc. by 9.3%, selling 356,608 shares and now holding about 0.76% of the company, valued at $236.6 million.
• eBay's quarterly earnings report showed an EPS of $1.37, exceeding analyst expectations, with a revenue increase of 6.1% compared to the previous year.
• eBay announced a quarterly dividend of $0.29 per share, set to be paid on September 12th, which equates to an annual yield of 1.3%.

The Manufacturers Life Insurance Company lessened its holdings in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 9.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 3,493,550 shares of the e-commerce company's stock after selling 356,608 shares during the period. The Manufacturers Life Insurance Company owned 0.76% of eBay worth $236,616,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Beacon Pointe Advisors LLC boosted its holdings in eBay by 23.5% in the fourth quarter. Beacon Pointe Advisors LLC now owns 5,163 shares of the e-commerce company's stock valued at $320,000 after acquiring an additional 981 shares during the last quarter. AQR Capital Management LLC boosted its holdings in eBay by 11.7% in the fourth quarter. AQR Capital Management LLC now owns 1,129,077 shares of the e-commerce company's stock valued at $69,946,000 after acquiring an additional 118,172 shares during the last quarter. Comerica Bank boosted its holdings in eBay by 1.2% in the fourth quarter. Comerica Bank now owns 118,504 shares of the e-commerce company's stock valued at $7,341,000 after acquiring an additional 1,448 shares during the last quarter. Parvin Asset Management LLC bought a new position in eBay in the fourth quarter valued at about $121,000. Finally, Itau Unibanco Holding S.A. bought a new position in eBay in the fourth quarter valued at about $33,000. Institutional investors own 87.48% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Daiwa America upgraded eBay from a "hold" rating to a "strong-buy" rating in a report on Monday, May 12th. Stifel Nicolaus raised their target price on eBay from $62.00 to $68.00 and gave the stock a "hold" rating in a report on Tuesday, July 29th. Cowen restated a "hold" rating on shares of eBay in a report on Tuesday, July 22nd. Wall Street Zen cut eBay from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Finally, Daiwa Capital Markets raised eBay from a "neutral" rating to a "buy" rating and set a $70.00 price target on the stock in a research report on Monday, May 12th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $78.89.

Insiders Place Their Bets

In other eBay news, SVP Jordan Douglas Bradle Sweetnam sold 22,206 shares of the firm's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $77.90, for a total value of $1,729,847.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Cornelius Boone sold 2,985 shares of eBay stock in a transaction on Friday, June 6th. The shares were sold at an average price of $78.67, for a total value of $234,829.95. Following the sale, the senior vice president directly owned 92,053 shares of the company's stock, valued at $7,241,809.51. This represents a 3.14% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 183,209 shares of company stock valued at $15,331,663. Insiders own 0.64% of the company's stock.

eBay Price Performance

EBAY traded down $0.72 on Tuesday, reaching $89.89. The stock had a trading volume of 7,018,461 shares, compared to its average volume of 5,662,066. The firm has a 50-day moving average of $85.62 and a 200-day moving average of $75.00. eBay Inc. has a fifty-two week low of $56.33 and a fifty-two week high of $101.15. The company has a market capitalization of $41.08 billion, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 2.19 and a beta of 1.32. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.05.

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

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, August 29th. eBay's dividend payout ratio (DPR) 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.