Handelsbanken Fonder AB Sells 40,693 Shares of eBay Inc. $EBAY

Handelsbanken Fonder AB lessened its holdings in eBay Inc. (NASDAQ:EBAY) by 14.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 248,189 shares of the e-commerce company’s stock after selling 40,693 shares during the period. Handelsbanken Fonder AB’s holdings in eBay were worth $27,735,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EBAY. Fulton Bank N.A. bought a new stake in shares of eBay in the 2nd quarter valued at approximately $216,000. Revolve Wealth Partners LLC bought a new position in shares of eBay during the 2nd quarter worth approximately $214,000. Everhart Financial Group Inc. lifted its position in shares of eBay by 6.4% during the 2nd quarter. Everhart Financial Group Inc. now owns 3,811 shares of the e-commerce company’s stock worth $426,000 after buying an additional 228 shares during the period. Everpar Advisors LLC boosted its stake in eBay by 7.2% in the 2nd quarter. Everpar Advisors LLC now owns 3,096 shares of the e-commerce company’s stock valued at $346,000 after buying an additional 207 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its stake in eBay by 8.4% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 7,847 shares of the e-commerce company’s stock valued at $877,000 after buying an additional 609 shares in the last quarter. Institutional investors own 87.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on EBAY. Weiss Ratings upgraded eBay from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday. Arete Research dropped their target price on shares of eBay from $113.00 to $111.00 and set a “neutral” rating for the company in a research report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft set a $124.00 price target on shares of eBay in a report on Monday, May 4th. Daiwa Securities Group upped their price objective on shares of eBay from $90.00 to $114.00 in a research note on Monday, May 11th. Finally, Argus upgraded shares of eBay from a “hold” rating to a “buy” rating and set a $133.00 target price for the company in a research note on Friday, August 7th. Fourteen investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, eBay currently has a consensus rating of “Hold” and an average target price of $117.00.

Insider Activity at eBay

In related news, SVP Jordan Douglas Bradle Sweetnam sold 863 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $109.17, for a total value of $94,213.71. Following the completion of the transaction, the senior vice president owned 34,533 shares in the company, valued at $3,769,967.61. The trade was a 2.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 company’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $108.51, for a total value of $208,230.69. Following the transaction, the senior vice president directly owned 32,124 shares in the company, valued at approximately $3,485,775.24. This represents a 5.64% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 87,122 shares of company stock valued at $9,953,842 over the last quarter. Corporate insiders own 0.67% of the company’s stock.

eBay Stock Performance

eBay stock opened at $102.31 on Thursday. The stock has a 50-day simple moving average of $110.88 and a 200 day simple moving average of $101.92. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.10. eBay Inc. has a 12-month low of $78.03 and a 12-month high of $119.31. The stock has a market capitalization of $45.53 billion, a price-to-earnings ratio of 21.18, a P/E/G ratio of 2.55 and a beta of 1.37.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, August 5th. The e-commerce company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.10. The firm had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.01 billion. eBay had a net margin of 18.50% and a return on equity of 47.88%. The company’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.37 EPS. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. On average, research analysts anticipate that eBay Inc. will post 4.89 earnings per share for the current fiscal year.

eBay Dividend Announcement

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

eBay 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.