Nykredit A S Invests $256.98 Million in eBay Inc. $EBAY

Nykredit A S purchased a new position in eBay Inc. (NASDAQ:EBAY) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 2,299,627 shares of the e-commerce company’s stock, valued at approximately $256,983,000. eBay comprises about 0.8% of Nykredit A S’s portfolio, making the stock its 20th largest position.

Several other large investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in eBay in the 2nd quarter valued at $4,406,897,000. Invesco Ltd. grew its holdings in shares of eBay by 8.3% during the fourth 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 in the last quarter. Independent Franchise Partners LLP grew its holdings in shares of eBay by 5.2% during the fourth quarter. Independent Franchise Partners LLP now owns 7,748,177 shares of the e-commerce company’s stock worth $674,866,000 after buying an additional 384,570 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of eBay by 1.7% in the first 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 last quarter. Finally, Legal & General Group Plc purchased a new position in shares of eBay in the second quarter worth about $506,653,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

eBay Trading Up 1.6%

Shares of EBAY opened at $106.70 on Thursday. eBay Inc. has a 12-month low of $78.03 and a 12-month high of $119.31. The firm has a market capitalization of $47.48 billion, a P/E ratio of 22.09, a P/E/G ratio of 2.79 and a beta of 1.34. The firm has a 50-day moving average price of $109.60 and a 200 day moving average price of $103.44. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.10.

eBay (NASDAQ:EBAY) last posted 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 during 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 business’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.37 EPS. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. Sell-side analysts forecast that eBay Inc. will post 4.86 EPS for the current year.

eBay Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, August 28th. eBay’s dividend payout ratio is presently 25.67%.

Analyst Upgrades and Downgrades

EBAY has been the topic of a number of recent research reports. Cantor Fitzgerald lowered their price target on shares of eBay from $110.00 to $106.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. BMO Capital Markets set a $145.00 price objective on shares of eBay in a report on Thursday, August 6th. Susquehanna reissued a “neutral” rating on shares of eBay in a research note on Friday, August 7th. Wedbush boosted their target price on eBay from $135.00 to $137.00 and gave the stock an “outperform” rating in a report on Thursday, August 20th. Finally, Benchmark upped their price target on eBay from $115.00 to $134.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $117.24.

Insiders Place Their Bets

In other eBay news, SVP Mazen Rawashdeh sold 1,919 shares of the firm’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 of the company’s stock, valued at $3,485,775.24. This trade represents a 5.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 11,110 shares of eBay 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 owned 253,211 shares in the company, valued at $27,486,054.05. This represents a 4.20% decrease in their position. 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 26,016 shares of company stock valued at $2,870,341 over the last quarter. 0.67% of the stock is owned by insiders.

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.