Legal & General Group Plc Takes Position in eBay Inc. $EBAY

Legal & General Group Plc purchased a new position in shares of eBay Inc. (NASDAQ:EBAY) during the second quarter, Holdings Channel.com reports. The fund purchased 4,533,805 shares of the e-commerce company’s stock, valued at approximately $506,653,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EBAY. The Manufacturers Life Insurance Company acquired a new position in shares of eBay during the second quarter worth approximately $26,688,000. Fiduciary Financial Advisors acquired a new position in eBay during the second quarter worth about $74,000. L2 Asset Management LLC bought a new stake in shares of eBay in the 2nd quarter worth approximately $686,000. Aberdeen Wealth Management LLC bought a new position in shares of eBay in the second quarter valued at $421,000. Finally, Cibc World Market Inc. acquired a new stake in shares of eBay during the second quarter worth $9,391,000. 87.48% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at eBay

In other news, SVP Jordan Douglas Bradle Sweetnam sold 1,014 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $101.39, for a total transaction of $102,809.46. Following the completion of the sale, the senior vice president directly owned 35,546 shares of the company’s stock, valued at $3,604,008.94. This trade represents a 2.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 1,919 shares of eBay stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $108.51, for a total value of $208,230.69. Following 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 37,126 shares of company stock valued at $4,087,886 in the last three months. Corporate insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. President Capital boosted their price target on shares of eBay from $102.00 to $126.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Arete Research lowered their price objective on shares of eBay from $113.00 to $111.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 26th. Stifel Nicolaus set a $98.00 target price on shares of eBay in a research note on Thursday, April 30th. Mizuho set a $110.00 target price on eBay in a report on Thursday, August 6th. Finally, Benchmark raised their target price on eBay from $115.00 to $134.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $117.24.

eBay Trading Up 2.8%

eBay stock opened at $107.08 on Tuesday. The company’s fifty day simple moving average is $110.08 and its 200-day simple moving average is $102.48. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.10. eBay Inc. has a 12 month low of $78.03 and a 12 month high of $119.31. The stock has a market cap of $47.65 billion, a P/E ratio of 22.17, a P/E/G ratio of 2.51 and a beta of 1.37.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.10. eBay had a return on equity of 47.88% and a net margin of 18.50%.The business had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same period last year, the company earned $1.37 earnings per share. eBay’s quarterly revenue was up 14.8% compared to the same quarter last year. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. As a group, sell-side analysts forecast that eBay Inc. will post 4.87 EPS for the current fiscal year.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 28th. eBay’s dividend payout ratio is presently 25.67%.

eBay 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.