Legal & General Group Plc Acquires 141,057 Shares of eBay Inc. $EBAY

Legal & General Group Plc lifted its stake in eBay Inc. (NASDAQ:EBAY) by 2.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 5,263,191 shares of the e-commerce company’s stock after buying an additional 141,057 shares during the quarter. Legal & General Group Plc’s holdings in eBay were worth $478,687,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. ABN AMRO Bank N.V. bought a new stake in eBay in the 2nd quarter valued at $235,149,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of eBay by 1,007.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,189,868 shares of the e-commerce company’s stock valued at $163,058,000 after purchasing an additional 1,992,116 shares during the last quarter. First Trust Advisors LP grew its position in shares of eBay by 27.8% during the third quarter. First Trust Advisors LP now owns 8,309,698 shares of the e-commerce company’s stock valued at $755,767,000 after purchasing an additional 1,808,976 shares in the last quarter. M&G PLC increased its holdings in shares of eBay by 88.8% in the second quarter. M&G PLC now owns 2,785,699 shares of the e-commerce company’s stock worth $206,142,000 after purchasing an additional 1,310,373 shares during the last quarter. Finally, Panagora Asset Management Inc. lifted its position in shares of eBay by 1,416.4% in the second quarter. Panagora Asset Management Inc. now owns 831,976 shares of the e-commerce company’s stock worth $61,949,000 after buying an additional 777,109 shares in the last quarter. Institutional investors own 87.48% of the company’s stock.

eBay Trading Down 2.2%

EBAY stock opened at $90.86 on Wednesday. The firm has a market cap of $40.71 billion, a P/E ratio of 20.89, a PEG ratio of 1.94 and a beta of 1.38. eBay Inc. has a 52-week low of $58.71 and a 52-week high of $101.15. The company’s 50-day simple moving average is $89.51 and its 200-day simple moving average is $88.54. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.30.

eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, February 18th. The e-commerce company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.06. eBay had a return on equity of 43.04% and a net margin of 18.30%.The business had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.87 billion. During the same quarter in the prior year, the firm earned $1.25 earnings per share. The business’s revenue was up 15.0% compared to the same quarter last year. eBay has set its Q1 2026 guidance at 1.530-1.590 EPS. As a group, equities analysts forecast that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 6th will be issued a $0.31 dividend. The ex-dividend date is Friday, March 6th. This represents a $1.24 annualized dividend and a dividend yield of 1.4%. This is an increase from eBay’s previous quarterly dividend of $0.29. eBay’s dividend payout ratio (DPR) is currently 28.51%.

Insider Transactions at eBay

In other eBay news, SVP Cornelius Boone sold 4,462 shares of the business’s 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 completion of the transaction, the senior vice president owned 91,921 shares in the company, valued at $7,715,848.74. The trade was a 4.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Julie A. Loeger sold 2,896 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $82.44, for a total transaction of $238,746.24. Following the sale, the senior vice president directly owned 55,990 shares in the company, valued at approximately $4,615,815.60. The trade was a 4.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 44,593 shares of company stock valued at $3,998,870 over the last three months. 0.64% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft raised their price target on eBay from $100.00 to $118.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Benchmark boosted their target price on eBay from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Jefferies Financial Group reduced their price target on shares of eBay from $65.00 to $60.00 and set an “underperform” rating on the stock in a research note on Monday, February 23rd. Truist Financial set a $94.00 price target on eBay and gave the stock a “hold” rating in a research report on Thursday, February 19th. Finally, UBS Group set a $96.00 price target on eBay in a report on Thursday, February 19th. Fourteen research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $97.97.

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.