eBay Inc. $EBAY Stake Raised by M&G PLC

M&G PLC grew its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 88.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,785,699 shares of the e-commerce company’s stock after purchasing an additional 1,310,373 shares during the period. eBay makes up 1.1% of M&G PLC’s portfolio, making the stock its 23rd biggest holding. M&G PLC owned 0.61% of eBay worth $206,142,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Procyon Advisors LLC boosted its stake in shares of eBay by 100.7% during 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 position in shares of eBay by 2.0% in the 2nd quarter. Teacher Retirement System of Texas now owns 171,040 shares of the e-commerce company’s stock valued at $12,736,000 after purchasing an additional 3,374 shares during the period. Savant Capital LLC boosted its position in shares of eBay by 19.4% in the 2nd quarter. Savant Capital LLC now owns 24,229 shares of the e-commerce company’s stock valued at $1,804,000 after purchasing an additional 3,933 shares during the period. Machina Capital S.A.S. purchased a new position in eBay in the 2nd quarter worth about $1,626,000. Finally, Optas LLC raised its holdings in eBay by 99.0% during the 2nd quarter. Optas LLC now owns 67,974 shares of the e-commerce company’s stock worth $5,061,000 after buying an additional 33,814 shares during the period. 87.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling at eBay

In related news, CEO Jamie Iannone sold 7,221 shares of eBay stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $81.08, for a total value of $585,478.68. Following the completion of the sale, the chief executive officer owned 235,781 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this link. Also, SVP Jordan Douglas Bradle Sweetnam sold 35,305 shares of the stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $81.54, for a total transaction of $2,878,769.70. Following the transaction, the senior vice president directly owned 2,862 shares in the company, valued at $233,367.48. The trade was a 92.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 63,317 shares of company stock valued at $5,361,568. 0.64% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Evercore ISI raised their target price on shares of eBay from $90.00 to $93.00 and gave the stock an “in-line” rating in a report on Thursday, October 30th. Arete Research raised shares of eBay from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 7th. President Capital raised shares of eBay from a “neutral” rating to a “buy” rating and boosted their target price for the company from $74.00 to $103.00 in a research note on Friday, September 19th. Citigroup restated a “market outperform” rating on shares of eBay in a report on Thursday, October 30th. Finally, Truist Financial upped their price target on eBay from $86.00 to $92.00 and gave the company a “hold” rating in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eighteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $94.38.

eBay Price Performance

Shares of NASDAQ:EBAY opened at $87.26 on Wednesday. The firm has a market cap of $39.44 billion, a price-to-earnings ratio of 18.97, a P/E/G ratio of 2.39 and a beta of 1.29. eBay Inc. has a 1 year low of $58.71 and a 1 year high of $101.15. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.05. The business has a fifty day simple moving average of $90.58 and a 200 day simple moving average of $83.81.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.03. eBay had a return on equity of 41.45% and a net margin of 20.37%.The firm had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the previous year, the company posted $1.19 earnings per share. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. 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, sell-side analysts predict that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be paid a $0.29 dividend. The ex-dividend date is Friday, November 28th. This represents a $1.16 dividend on an annualized basis and a yield of 1.3%. eBay’s payout ratio is 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.