Norges Bank Makes New Investment in eBay Inc. $EBAY

Norges Bank acquired a new position in eBay Inc. (NASDAQ:EBAY) during the 4th quarter, HoldingsChannel reports. The fund acquired 1,133,497 shares of the e-commerce company’s stock, valued at approximately $98,728,000.

Other hedge funds have also bought and sold shares of the company. High Point Wealth Management LLC purchased a new stake in eBay in the 4th quarter worth approximately $26,000. JPL Wealth Management LLC acquired a new position in shares of eBay during the 3rd quarter worth approximately $28,000. JFS Wealth Advisors LLC raised its stake in shares of eBay by 57.4% during the 4th quarter. JFS Wealth Advisors LLC now owns 318 shares of the e-commerce company’s stock worth $28,000 after buying an additional 116 shares during the period. Beacon Financial Strategies CORP acquired a new position in shares of eBay during the 4th quarter worth approximately $28,000. Finally, Eagle Bay Advisors LLC acquired a new position in shares of eBay during the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insider Transactions at eBay

In related news, SVP Cornelius Boone sold 16,685 shares of the stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $92.44, for a total value of $1,542,361.40. Following the completion of the transaction, the senior vice president directly owned 94,479 shares of the company’s stock, valued at approximately $8,733,638.76. This represents a 15.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Mazen Rawashdeh sold 50,000 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $117.04, for a total value of $5,852,000.00. Following the completion of the transaction, the senior vice president directly owned 29,217 shares of the company’s stock, valued at approximately $3,419,557.68. This represents a 63.12% 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 sold a total of 136,953 shares of company stock valued at $14,139,444 in the last 90 days. 0.64% of the stock is owned by company insiders.

eBay Stock Up 0.2%

NASDAQ EBAY opened at $109.35 on Friday. The business has a fifty day moving average price of $104.60 and a 200 day moving average price of $93.47. eBay Inc. has a one year low of $72.84 and a one year high of $119.31. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market cap of $48.55 billion, a P/E ratio of 24.80, a P/E/G ratio of 2.43 and a beta of 1.39.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, April 29th. The e-commerce company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.58 by $0.08. eBay had a return on equity of 46.11% and a net margin of 17.58%.The firm had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same period in the prior year, the company earned $1.38 EPS. The firm’s revenue was up 19.5% compared to the same quarter last year. eBay has set its Q2 2026 guidance at 1.090-1.140 EPS. Research analysts anticipate that eBay Inc. will post 4.83 EPS for the current fiscal year.

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, May 29th. eBay’s dividend payout ratio is currently 28.12%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Citizens Jmp upped their target price on eBay from $115.00 to $120.00 and gave the stock a “market outperform” rating in a research note on Friday, May 1st. Arete Research reduced their target price on eBay from $113.00 to $111.00 and set a “neutral” rating for the company in a research note on Tuesday, May 26th. Wells Fargo & Company upped their target price on eBay from $100.00 to $104.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. Jefferies Financial Group upped their target price on eBay from $60.00 to $65.00 in a research note on Thursday, April 30th. Finally, Wedbush upped their target price on eBay from $95.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Thirteen investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $107.84.

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.