Forsta AP Fonden Decreases Stock Holdings in eBay Inc. $EBAY

Forsta AP Fonden reduced its position in shares of eBay Inc. (NASDAQ:EBAY) by 2.5% in the second quarter, Holdings Channel reports. The fund owned 91,100 shares of the e-commerce company’s stock after selling 2,300 shares during the quarter. Forsta AP Fonden’s holdings in eBay were worth $6,783,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Independent Franchise Partners LLP grew its position in eBay by 4.6% in the first quarter. Independent Franchise Partners LLP now owns 11,689,267 shares of the e-commerce company’s stock worth $791,714,000 after acquiring an additional 510,629 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of eBay by 5.6% in the second quarter. Nordea Investment Management AB now owns 9,085,603 shares of the e-commerce company’s stock worth $674,061,000 after purchasing an additional 478,410 shares during the last quarter. Invesco Ltd. lifted its holdings in eBay by 8.0% during the 1st quarter. Invesco Ltd. now owns 8,441,396 shares of the e-commerce company’s stock valued at $571,736,000 after buying an additional 627,823 shares in the last quarter. Northern Trust Corp boosted its position in eBay by 4.4% in the 1st quarter. Northern Trust Corp now owns 7,109,481 shares of the e-commerce company’s stock valued at $481,525,000 after buying an additional 300,216 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of eBay by 5.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,157,105 shares of the e-commerce company’s stock valued at $417,021,000 after acquiring an additional 322,910 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insider Activity at eBay

In other news, SVP Cornelius Boone sold 4,439 shares of the business’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $89.53, for a total value of $397,423.67. Following the completion of the transaction, the senior vice president owned 93,392 shares of the company’s stock, valued at $8,361,385.76. The trade was a 4.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jamie Iannone sold 7,221 shares of eBay stock in a transaction that occurred 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 transaction, the chief executive officer owned 235,781 shares of the company’s stock, valued at approximately $19,117,123.48. This represents a 2.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 63,317 shares of company stock valued at $5,361,568. 0.64% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

EBAY has been the subject of a number of research analyst reports. Piper Sandler decreased their target price on eBay from $102.00 to $98.00 and set an “overweight” rating for the company in a research report on Tuesday. Deutsche Bank Aktiengesellschaft increased their target price on shares of eBay from $96.00 to $100.00 in a report on Thursday, October 30th. Rothschild & Co Redburn lowered their price target on shares of eBay from $95.00 to $90.00 in a research report on Friday, November 7th. Evercore ISI lifted their price objective on shares of eBay from $90.00 to $93.00 and gave the company an “in-line” rating in a report on Thursday, October 30th. Finally, Wells Fargo & Company boosted their price objective on shares of eBay from $89.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nineteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $94.69.

eBay Price Performance

NASDAQ EBAY opened at $83.85 on Friday. The firm’s fifty day simple moving average is $90.18 and its two-hundred day simple moving average is $83.96. The firm has a market capitalization of $37.90 billion, a P/E ratio of 18.23, a P/E/G ratio of 2.39 and a beta of 1.29. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.05. eBay Inc. has a 12-month low of $58.71 and a 12-month high of $101.15.

eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.03. The firm had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.73 billion. eBay had a return on equity of 41.45% and a net margin of 20.37%.The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.19 EPS. eBay has set its FY 2025 guidance at 4.090-4.140 EPS. Q4 2025 guidance at 1.310-1.360 EPS. Analysts forecast that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.4%. eBay’s dividend payout ratio (DPR) is currently 25.22%.

eBay 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.