Northwestern Mutual Wealth Management Co. Purchases New Stake in eBay Inc. $EBAY

Northwestern Mutual Wealth Management Co. acquired a new position in shares of eBay Inc. (NASDAQ:EBAY) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 48,763 shares of the e-commerce company’s stock, valued at approximately $5,449,000.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of eBay by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 57,613,332 shares of the e-commerce company’s stock worth $5,018,121,000 after purchasing an additional 468,833 shares during the last quarter. BlackRock Inc. bought a new stake in shares of eBay in the 2nd quarter worth approximately $4,406,897,000. Invesco Ltd. lifted its stake in eBay by 8.3% in the fourth quarter. Invesco Ltd. now owns 9,020,923 shares of the e-commerce company’s stock valued at $785,722,000 after purchasing an additional 692,805 shares during the last quarter. Independent Franchise Partners LLP lifted its stake in eBay by 5.2% in the fourth quarter. Independent Franchise Partners LLP now owns 7,748,177 shares of the e-commerce company’s stock valued at $674,866,000 after purchasing an additional 384,570 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in eBay by 1.7% during 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 purchasing an additional 80,450 shares during the period. Institutional investors own 87.48% of the company’s stock.

eBay Price Performance

eBay stock opened at $104.13 on Monday. The firm has a 50 day simple moving average of $110.12 and a 200 day simple moving average of $102.37. 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 Inc. has a 1-year low of $78.03 and a 1-year high of $119.31. The firm has a market capitalization of $46.34 billion, a price-to-earnings ratio of 21.56, a P/E/G ratio of 2.51 and a beta of 1.37.

eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.10. eBay had a return on equity of 47.88% and a net margin of 18.50%.The firm had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the prior year, the business posted $1.37 earnings per share. The business’s quarterly revenue was up 14.8% on a year-over-year basis. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. On average, analysts predict that eBay Inc. will post 4.87 earnings per share for the current year.

eBay Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 28th. eBay’s payout ratio is presently 25.67%.

Insider Activity

In other news, SVP Jordan Douglas Bradle Sweetnam sold 1,014 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $101.39, for a total value of $102,809.46. Following the completion of the transaction, the senior vice president directly owned 35,546 shares in the company, valued at approximately $3,604,008.94. This trade represents a 2.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 1,919 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $108.51, for a total transaction of $208,230.69. Following the transaction, the senior vice president directly owned 32,124 shares of the company’s stock, valued at approximately $3,485,775.24. This represents a 5.64% 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 have sold a total of 37,126 shares of company stock worth $4,087,886 over the last ninety days. Company insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. UBS Group raised their target price on eBay from $107.00 to $120.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. President Capital upped their price target on eBay from $102.00 to $126.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. Benchmark increased their price target on eBay from $115.00 to $134.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Rothschild & Co Redburn lifted their price objective on eBay from $100.00 to $115.00 and gave the stock a “neutral” rating in a report on Wednesday, May 13th. Finally, Stifel Nicolaus set a $98.00 price objective on eBay in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target 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.