Prudential PLC Acquires 64,146 Shares of eBay Inc. $EBAY

Prudential PLC increased its stake in eBay Inc. (NASDAQ:EBAY) by 78.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 145,693 shares of the e-commerce company’s stock after purchasing an additional 64,146 shares during the period. Prudential PLC’s holdings in eBay were worth $10,848,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Princeton Global Asset Management LLC increased its holdings in shares of eBay by 433.9% in the 2nd quarter. Princeton Global Asset Management LLC now owns 331 shares of the e-commerce company’s stock worth $25,000 after buying an additional 269 shares during the last quarter. Wealth Preservation Advisors LLC purchased a new position in eBay in the first quarter worth $26,000. GFG Capital LLC bought a new position in eBay in the second quarter valued at $28,000. Hantz Financial Services Inc. lifted its stake in eBay by 153.4% during the second quarter. Hantz Financial Services Inc. now owns 451 shares of the e-commerce company’s stock worth $34,000 after purchasing an additional 273 shares during the last quarter. Finally, Private Wealth Asset Management LLC boosted its holdings in shares of eBay by 1,470.6% in the 2nd quarter. Private Wealth Asset Management LLC now owns 534 shares of the e-commerce company’s stock worth $40,000 after purchasing an additional 500 shares in the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Mazen Rawashdeh sold 1,910 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $89.31, for a total transaction of $170,582.10. Following the transaction, the senior vice president directly owned 3,824 shares of the company’s stock, valued at approximately $341,521.44. The trade was a 33.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jordan Douglas Bradle Sweetnam sold 1,006 shares of the firm’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $82.04, for a total value of $82,532.24. Following the completion of the sale, the senior vice president directly owned 3,868 shares of the company’s stock, valued at $317,330.72. The trade was a 20.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 64,323 shares of company stock valued at $5,444,100 in the last 90 days. 0.64% of the stock is owned by corporate insiders.

eBay Trading Down 1.5%

NASDAQ:EBAY opened at $80.05 on Friday. The firm has a market capitalization of $36.18 billion, a P/E ratio of 17.40, a P/E/G ratio of 2.39 and a beta of 1.29. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.05. The company has a fifty day moving average of $89.30 and a 200 day moving average of $84.34. eBay Inc. has a 52 week low of $58.71 and a 52 week high of $101.15.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.03. The firm had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.73 billion. eBay had a net margin of 20.37% and a return on equity of 41.45%. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company 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. On average, research analysts predict that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Wells Fargo & Company raised their price objective on eBay from $89.00 to $96.00 and gave the company an “equal weight” rating in a report on Thursday, October 30th. President Capital raised shares of eBay from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $74.00 to $103.00 in a research note on Friday, September 19th. Morgan Stanley boosted their price objective on shares of eBay from $89.00 to $102.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Sanford C. Bernstein set a $90.00 target price on shares of eBay in a report on Friday, October 31st. Finally, Piper Sandler decreased their target price on shares of eBay from $102.00 to $98.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nineteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $94.69.

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.