4,533,805 Shares in eBay Inc. $EBAY Acquired by Legal & General Group Plc

Legal & General Group Plc bought a new position in eBay Inc. (NASDAQ:EBAY) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,533,805 shares of the e-commerce company’s stock, valued at approximately $506,653,000. Legal & General Group Plc owned 1.02% of eBay as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in eBay by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 57,613,332 shares of the e-commerce company’s stock valued at $5,018,121,000 after purchasing an additional 468,833 shares during the last quarter. BlackRock Inc. acquired a new stake in eBay in the 2nd quarter worth about $4,406,897,000. Invesco Ltd. boosted its stake in eBay by 8.3% in the 4th quarter. Invesco Ltd. now owns 9,020,923 shares of the e-commerce company’s stock worth $785,722,000 after buying an additional 692,805 shares during the last quarter. Independent Franchise Partners LLP grew its holdings in eBay by 5.2% in the 4th quarter. Independent Franchise Partners LLP now owns 7,748,177 shares of the e-commerce company’s stock valued at $674,866,000 after buying an additional 384,570 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in eBay by 1.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,901,415 shares of the e-commerce company’s stock valued at $446,042,000 after buying an additional 80,450 shares during the period. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on EBAY. Rothschild & Co Redburn raised their target price on shares of eBay from $100.00 to $115.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Argus raised shares of eBay from a “hold” rating to a “buy” rating and set a $133.00 price target on the stock in a research note on Friday, August 7th. President Capital increased their price target on shares of eBay from $102.00 to $126.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. TD Cowen lifted their price target on shares of eBay from $87.00 to $88.00 and gave the company a “hold” rating in a report on Friday, May 1st. Finally, UBS Group boosted their price objective on shares of eBay from $107.00 to $120.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, eBay presently has an average rating of “Hold” and a consensus price target of $117.24.

Insider Buying and Selling

In related news, CEO Jamie Iannone sold 11,110 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $108.55, for a total value of $1,205,990.50. Following the sale, the chief executive officer directly owned 253,211 shares of the company’s stock, valued at $27,486,054.05. This represents a 4.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 1,919 shares of the business’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $108.51, for a total transaction of $208,230.69. Following the completion of the sale, the senior vice president directly owned 32,124 shares of the company’s stock, valued at $3,485,775.24. The trade was a 5.64% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 37,126 shares of company stock worth $4,087,886. Insiders own 0.67% of the company’s stock.

eBay Price Performance

EBAY opened at $107.08 on Tuesday. 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 52-week low of $78.03 and a 52-week high of $119.31. The company has a 50 day moving average of $110.08 and a two-hundred day moving average of $102.48. The company 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 earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.10. The business had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.01 billion. eBay had a return on equity of 47.88% and a net margin of 18.50%.The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.37 earnings per share. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. On average, analysts expect that eBay Inc. will post 4.87 earnings per share for the current year.

eBay Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.2%. eBay’s dividend payout ratio (DPR) is presently 25.67%.

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.