Legal & General Group Plc Has $420.25 Million Stock Holdings in eBay Inc. $EBAY

Legal & General Group Plc trimmed its position in eBay Inc. (NASDAQ:EBAY) by 8.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,824,963 shares of the e-commerce company’s stock after selling 438,228 shares during the period. Legal & General Group Plc’s holdings in eBay were worth $420,254,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. High Point Wealth Management LLC acquired a new stake in eBay during the 4th quarter worth approximately $26,000. Beacon Financial Strategies CORP acquired a new stake in eBay during the 4th quarter worth approximately $28,000. JFS Wealth Advisors LLC raised its holdings in 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. JPL Wealth Management LLC acquired a new stake in eBay during the 3rd quarter worth approximately $28,000. Finally, Eagle Bay Advisors LLC acquired a new stake in eBay during the 4th quarter worth approximately $33,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at eBay

In other news, SVP Mazen Rawashdeh sold 23,167 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $93.59, for a total transaction of $2,168,199.53. Following the completion of the transaction, the senior vice president directly owned 28,915 shares of the company’s stock, valued at $2,706,154.85. This trade represents a 44.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jordan Douglas Bradle Sweetnam sold 12,978 shares of the firm’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $92.44, for a total transaction of $1,199,686.32. Following the completion of the transaction, the senior vice president directly owned 42,948 shares of the company’s stock, valued at $3,970,113.12. This represents a 23.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 86,953 shares of company stock valued at $8,287,444 over the last quarter. Insiders own 0.64% of the company’s stock.

eBay Price Performance

Shares of EBAY opened at $115.75 on Tuesday. The stock has a market capitalization of $51.39 billion, a P/E ratio of 26.25, a P/E/G ratio of 2.57 and a beta of 1.39. eBay Inc. has a twelve month low of $71.53 and a twelve month high of $119.31. The company has a 50 day moving average of $101.06 and a 200-day moving average of $91.88. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.36.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, April 29th. The e-commerce company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.08. The company had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.04 billion. eBay had a net margin of 17.58% and a return on equity of 46.11%. The business’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period last year, the business earned $1.38 EPS. eBay has set its Q2 2026 guidance at 1.090-1.140 EPS. As a group, equities research analysts forecast that eBay Inc. will post 4.83 EPS for the current fiscal year.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, May 29th. eBay’s dividend payout ratio (DPR) is currently 28.12%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Robert W. Baird raised their target price on shares of eBay from $105.00 to $117.00 in a report on Thursday, April 30th. Jefferies Financial Group raised their target price on shares of eBay from $60.00 to $65.00 in a report on Thursday, April 30th. Wall Street Zen upgraded shares of eBay from a “hold” rating to a “buy” rating in a report on Sunday, April 26th. Bank of America raised their target price on shares of eBay from $102.00 to $110.00 and gave the stock a “neutral” rating in a report on Tuesday, April 21st. Finally, Evercore set a $96.00 target price on shares of eBay in a report on Thursday, April 30th. Thirteen research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $107.90.

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.