The Manufacturers Life Insurance Company Buys New Position in eBay Inc. $EBAY

The Manufacturers Life Insurance Company bought a new stake in shares of eBay Inc. (NASDAQ:EBAY) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 238,816 shares of the e-commerce company’s stock, valued at approximately $26,688,000.

A number of other hedge funds have also added to or reduced their stakes in EBAY. Allworth Financial LP increased its stake in eBay by 62.6% in the fourth quarter. Allworth Financial LP now owns 23,108 shares of the e-commerce company’s stock valued at $2,013,000 after purchasing an additional 8,899 shares in the last quarter. North Dakota State Investment Board acquired a new position in shares of eBay during the fourth quarter valued at about $1,809,000. Eurizon Capital SGR S.p.A. bought a new position in shares of eBay during the 4th quarter worth about $9,368,000. Jefferies Financial Group Inc. acquired a new stake in shares of eBay in the 4th quarter valued at about $1,209,000. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its stake in shares of eBay by 904.3% in the 4th quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 283,215 shares of the e-commerce company’s stock valued at $24,668,000 after buying an additional 255,015 shares during the period. 87.48% of the stock is currently owned by institutional investors.

Insider Activity at eBay

In related news, SVP Mazen Rawashdeh sold 1,919 shares of the company’s stock in a transaction on 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 owned 32,124 shares in the company, valued at approximately $3,485,775.24. This represents a 5.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 11,110 shares of the 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 completion of the sale, the chief executive officer directly owned 253,211 shares of the company’s stock, valued at $27,486,054.05. The trade was a 4.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 37,126 shares of company stock valued at $4,087,886 over the last 90 days. Insiders own 0.67% of the company’s stock.

eBay Trading Down 1.9%

NASDAQ:EBAY opened at $102.27 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a 50-day moving average of $109.82 and a 200-day moving average of $102.85. The company has a market cap of $45.51 billion, a PE ratio of 21.17, a PEG ratio of 2.52 and a beta of 1.37. eBay Inc. has a one year low of $78.03 and a one year high of $119.31.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.10. The business had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.01 billion. eBay had a net margin of 18.50% and a return on equity of 47.88%. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.37 EPS. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. As a group, equities research analysts expect that eBay Inc. will post 4.86 EPS for the current fiscal year.

eBay Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors 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 annualized dividend and a dividend yield of 1.2%. eBay’s payout ratio is presently 25.67%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on EBAY. UBS Group boosted their target price on eBay from $107.00 to $120.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Rosenblatt Securities started coverage on eBay in a report on Thursday, August 20th. They issued a “buy” rating and a $120.00 price target on the stock. Morgan Stanley reissued an “overweight” rating and issued a $127.00 price objective on shares of eBay in a research note on Thursday, August 6th. Benchmark boosted their price objective on eBay from $115.00 to $134.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, Wedbush upped their target price on eBay from $135.00 to $137.00 and gave the stock an “outperform” rating in a research report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $117.24.

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.