Nordea Investment Management AB Sells 1,069,559 Shares of eBay Inc. $EBAY

Nordea Investment Management AB lessened its stake in shares of eBay Inc. (NASDAQ:EBAY) by 11.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,016,044 shares of the e-commerce company’s stock after selling 1,069,559 shares during the period. eBay comprises about 0.6% of Nordea Investment Management AB’s holdings, making the stock its 29th biggest position. Nordea Investment Management AB owned about 1.75% of eBay worth $729,941,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. ABN AMRO Bank N.V. purchased a new stake in shares of eBay during the 2nd quarter worth approximately $235,149,000. Arrowstreet Capital Limited Partnership grew its holdings in eBay by 1,007.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,189,868 shares of the e-commerce company’s stock valued at $163,058,000 after purchasing an additional 1,992,116 shares during the period. M&G PLC increased its position in eBay by 88.8% in the second quarter. M&G PLC now owns 2,785,699 shares of the e-commerce company’s stock worth $206,142,000 after buying an additional 1,310,373 shares during the last quarter. Valeo Financial Advisors LLC raised its stake in shares of eBay by 19,822.5% in the second quarter. Valeo Financial Advisors LLC now owns 1,290,981 shares of the e-commerce company’s stock valued at $96,126,000 after buying an additional 1,284,501 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of eBay during the 2nd quarter valued at $62,986,000. Institutional investors own 87.48% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on EBAY. TD Cowen upped their price objective on shares of eBay from $80.00 to $84.00 and gave the company a “hold” rating in a report on Monday, October 20th. Robert W. Baird lifted their price objective on shares of eBay from $89.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, October 13th. Barclays boosted their target price on shares of eBay from $92.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Daiwa Capital Markets cut their price target on eBay from $99.00 to $84.00 and set a “neutral” rating for the company in a report on Wednesday, November 12th. Finally, Morgan Stanley lifted their price target on eBay from $89.00 to $102.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $94.47.

Insider Transactions at eBay

In other eBay news, SVP Julie A. Loeger sold 2,896 shares of eBay stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $82.44, for a total transaction of $238,746.24. Following the completion of the sale, the senior vice president owned 55,990 shares of the company’s stock, valued at $4,615,815.60. The trade was a 4.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Cornelius Boone sold 4,462 shares of the stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $83.94, for a total value of $374,540.28. Following the transaction, the senior vice president owned 91,921 shares in the company, valued at $7,715,848.74. This trade represents a 4.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 53,675 shares of company stock worth $4,388,825. Company insiders own 0.64% of the company’s stock.

eBay Price Performance

eBay stock opened at $93.30 on Tuesday. The stock has a market cap of $42.17 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 2.12 and a beta of 1.35. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.06. The business has a 50-day simple moving average of $84.53 and a 200 day simple moving average of $87.35. eBay Inc. has a 52 week low of $58.71 and a 52 week high of $101.15.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results 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. eBay had a return on equity of 41.94% and a net margin of 20.37%.The firm had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter last year, the company posted $1.19 EPS. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. eBay has set its FY 2025 guidance at 4.090-4.140 EPS and its Q4 2025 guidance at 1.310-1.360 EPS. On average, research analysts forecast that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.2%. eBay’s dividend payout ratio is presently 25.22%.

eBay Company 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.