Man Group plc Purchases Shares of 141,569 eBay Inc. $EBAY

Man Group plc acquired a new position in eBay Inc. (NASDAQ:EBAY) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 141,569 shares of the e-commerce company’s stock, valued at approximately $15,820,000.

A number of other large investors have also recently made changes to their positions in the business. Roberts Glore & Co. Inc. IL purchased a new stake in eBay in the second quarter worth $832,000. Jupiter Topco LLC bought a new position in eBay in the 2nd quarter worth $91,338,000. EFG International AG bought a new position in eBay in the 2nd quarter worth $206,000. Primecap Management Co. CA purchased a new stake in shares of eBay in the 2nd quarter worth about $209,446,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of eBay in the 2nd quarter worth about $135,204,000. 87.48% of the stock is currently owned by institutional investors.

eBay Stock Performance

eBay stock opened at $102.27 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $45.51 billion, a P/E ratio of 21.17, a PEG ratio of 2.52 and a beta of 1.37. The stock’s 50 day moving average is $109.82 and its 200 day moving average is $102.85. eBay Inc. has a twelve month low of $78.03 and a twelve month high of $119.31.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.10. eBay had a return on equity of 47.88% and a net margin of 18.50%.The company had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same quarter last year, the company earned $1.37 EPS. The firm’s revenue for the quarter 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, equities research analysts predict that eBay Inc. will post 4.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on EBAY shares. Weiss Ratings cut shares of eBay from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $115.00 price objective on shares of eBay in a research report on Monday, August 3rd. Susquehanna reaffirmed a “neutral” rating on shares of eBay in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft set a $124.00 price objective on eBay in a research report on Monday, May 4th. Finally, Arete Research reduced their target price on shares of eBay from $113.00 to $111.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $117.24.

Insider Buying and Selling at eBay

In other news, CEO Jamie Iannone sold 11,110 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $108.55, for a total transaction of $1,205,990.50. Following the transaction, the chief executive officer directly owned 253,211 shares of the company’s stock, valued at $27,486,054.05. This represents a 4.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 company’s stock in a transaction on Wednesday, June 17th. The shares were 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. The trade was a 5.64% decrease in their ownership of the stock. 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. In the last three months, insiders have sold 37,126 shares of company stock worth $4,087,886. Insiders own 0.67% of the company’s stock.

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.