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

Nordea Investment Management AB decreased its position in eBay Inc. (NASDAQ:EBAY) by 11.8% during the 3rd quarter, according to its most recent disclosure 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 approximately 0.6% of Nordea Investment Management AB’s portfolio, making the stock its 29th biggest holding. Nordea Investment Management AB’s holdings in eBay were worth $729,941,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in EBAY. Invesco Ltd. grew its holdings in eBay by 1.7% in the 2nd quarter. Invesco Ltd. now owns 8,581,556 shares of the e-commerce company’s stock worth $638,983,000 after acquiring an additional 140,160 shares during the last quarter. Impax Asset Management Group plc boosted its holdings in shares of eBay by 7.8% during the second quarter. Impax Asset Management Group plc now owns 3,810,634 shares of the e-commerce company’s stock worth $282,838,000 after purchasing an additional 275,344 shares during the period. ABN AMRO Bank N.V. purchased a new stake in shares of eBay during the second quarter worth about $235,149,000. Robeco Institutional Asset Management B.V. grew its stake in shares of eBay by 5.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 2,817,489 shares of the e-commerce company’s stock worth $256,251,000 after purchasing an additional 157,537 shares during the last quarter. Finally, M&G PLC raised its position in eBay by 88.8% during the 2nd quarter. M&G PLC now owns 2,785,699 shares of the e-commerce company’s stock valued at $206,142,000 after purchasing an additional 1,310,373 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insider Transactions at eBay

In other news, SVP Cornelius Boone sold 4,462 shares of the stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $83.94, for a total transaction of $374,540.28. Following the sale, the senior vice president owned 91,921 shares in the company, valued at $7,715,848.74. This represents a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Jordan Douglas Bradle Sweetnam sold 35,305 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $81.54, for a total transaction of $2,878,769.70. Following the sale, the senior vice president directly owned 2,862 shares of the company’s stock, valued at $233,367.48. This trade represents a 92.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 53,675 shares of company stock valued at $4,388,825. 0.64% of the stock is currently owned by insiders.

eBay Stock Performance

Shares of EBAY opened at $93.30 on Tuesday. 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 stock has a market cap of $42.17 billion, a P/E ratio of 20.28, a P/E/G ratio of 2.12 and a beta of 1.35. The business’s 50 day moving average price is $84.53 and its 200-day moving average price is $87.35. eBay Inc. has a 52 week low of $58.71 and a 52 week high of $101.15.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 EPS for the quarter, topping the consensus estimate of $1.33 by $0.03. eBay had a return on equity of 41.94% and a net margin of 20.37%.The business had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the previous year, the company posted $1.19 earnings per share. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. eBay has set its FY 2025 guidance at 4.090-4.140 EPS and its Q4 2025 guidance at 1.310-1.360 EPS. Equities research analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders 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 annualized dividend and a yield of 1.2%. eBay’s payout ratio is 25.22%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Mizuho initiated coverage on eBay in a research report on Monday, September 29th. They issued a “neutral” rating and a $98.00 price objective on the stock. Truist Financial lifted their price target on shares of eBay from $86.00 to $92.00 and gave the company a “hold” rating in a report on Monday, November 3rd. The Goldman Sachs Group lifted their target price on shares of eBay from $72.00 to $78.00 and gave the company a “sell” rating in a research note on Thursday, October 30th. Cantor Fitzgerald increased their price target on shares of eBay from $85.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on eBay from $96.00 to $100.00 in a research report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, eBay currently has a consensus rating of “Hold” and an average price target of $94.47.

About eBay

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.