Skandinaviska Enskilda Banken AB publ Buys 32,322 Shares of eBay Inc. $EBAY

Skandinaviska Enskilda Banken AB publ raised its stake in eBay Inc. (NASDAQ:EBAY) by 24.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 163,503 shares of the e-commerce company’s stock after purchasing an additional 32,322 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in eBay were worth $12,171,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in EBAY. Procyon Advisors LLC grew its stake in shares of eBay by 100.7% in the 2nd quarter. Procyon Advisors LLC now owns 30,789 shares of the e-commerce company’s stock worth $2,293,000 after acquiring an additional 15,449 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in eBay by 2.0% during the second quarter. Teacher Retirement System of Texas now owns 171,040 shares of the e-commerce company’s stock worth $12,736,000 after purchasing an additional 3,374 shares during the last quarter. Savant Capital LLC grew its position in eBay by 19.4% in the 2nd quarter. Savant Capital LLC now owns 24,229 shares of the e-commerce company’s stock worth $1,804,000 after purchasing an additional 3,933 shares in the last quarter. Machina Capital S.A.S. purchased a new stake in eBay in the 2nd quarter valued at about $1,626,000. Finally, denkapparat Operations GmbH increased its stake in eBay by 112.9% in the 2nd quarter. denkapparat Operations GmbH now owns 8,876 shares of the e-commerce company’s stock valued at $661,000 after buying an additional 4,706 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insider Buying and Selling at eBay

In related news, CEO Jamie Iannone sold 7,221 shares of the business’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $81.08, for a total transaction of $585,478.68. Following the sale, the chief executive officer directly owned 235,781 shares in the company, valued at approximately $19,117,123.48. The trade was a 2.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Cornelius Boone sold 4,439 shares of the firm’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $89.53, for a total value of $397,423.67. Following the completion of 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 SEC filing for this sale provides additional information. Over the last quarter, insiders sold 64,323 shares of company stock worth $5,444,100. 0.64% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Wells Fargo & Company lifted their price target on eBay from $89.00 to $96.00 and gave the stock an “equal weight” rating in a report on Thursday, October 30th. Evercore ISI lifted their target price on eBay from $90.00 to $93.00 and gave the stock an “in-line” rating in a research note on Thursday, October 30th. Piper Sandler reduced their price target on shares of eBay from $102.00 to $98.00 and set an “overweight” rating for the company in a research report on Tuesday, November 11th. President Capital upgraded shares of eBay from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $74.00 to $103.00 in a report on Friday, September 19th. Finally, Benchmark lifted their price objective on shares of eBay from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty-one have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, eBay presently has a consensus rating of “Hold” and an average price target of $94.69.

eBay Trading Up 0.5%

Shares of EBAY opened at $82.91 on Friday. eBay Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $101.15. The business has a 50-day moving average of $88.34 and a 200 day moving average of $84.95. The firm has a market cap of $37.47 billion, a P/E ratio of 18.02, a price-to-earnings-growth ratio of 2.39 and a beta of 1.29. 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 (NASDAQ:EBAY) last issued its earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.03. The firm had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.73 billion. eBay had a net margin of 20.37% and a return on equity of 41.45%. The company’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the business earned $1.19 earnings per share. eBay has set its FY 2025 guidance at 4.090-4.140 EPS. Q4 2025 guidance at 1.310-1.360 EPS. As a group, research analysts forecast that eBay Inc. will post 3.86 EPS for the current year.

eBay Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, November 28th. eBay’s payout ratio is currently 25.22%.

eBay Company 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.