Legal & General Group Plc Has $314.25 Million Stake in eBay Inc. (NASDAQ:EBAY)

Legal & General Group Plc lessened its holdings in eBay Inc. (NASDAQ:EBAY) by 1.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,849,847 shares of the e-commerce company’s stock after selling 56,745 shares during the quarter. Legal & General Group Plc owned 1.17% of eBay worth $314,254,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in eBay by 7.7% during the 1st quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock worth $3,321,403,000 after acquiring an additional 4,524,934 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of eBay by 17.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock valued at $1,394,797,000 after buying an additional 3,880,649 shares during the period. Mirova US LLC grew its stake in eBay by 2.1% in the second quarter. Mirova US LLC now owns 9,170,829 shares of the e-commerce company’s stock valued at $492,657,000 after acquiring an additional 189,505 shares during the period. Victory Capital Management Inc. grew its position in eBay by 12.5% in the 2nd quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company’s stock valued at $404,879,000 after purchasing an additional 838,969 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of eBay by 8.6% during the second quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company’s stock worth $361,159,000 after acquiring an additional 530,941 shares in the last quarter. Institutional investors own 87.48% of the company’s stock.

eBay Stock Up 0.1 %

Shares of NASDAQ:EBAY opened at $64.00 on Friday. eBay Inc. has a 12-month low of $37.17 and a 12-month high of $65.44. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.12. The stock’s 50-day moving average price is $58.57 and its 200-day moving average price is $54.54. The stock has a market capitalization of $32.13 billion, a P/E ratio of 12.75, a price-to-earnings-growth ratio of 2.45 and a beta of 1.32.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 EPS for the quarter, meeting analysts’ consensus estimates of $0.88. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.53 billion. eBay had a net margin of 26.41% and a return on equity of 29.69%. On average, equities analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.69%. The ex-dividend date was Friday, August 30th. eBay’s dividend payout ratio (DPR) is currently 21.51%.

Insider Transactions at eBay

In related news, SVP Cornelius Boone sold 3,974 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total transaction of $256,760.14. Following the completion of the transaction, the senior vice president now owns 70,113 shares in the company, valued at $4,530,000.93. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $63.91, for a total value of $1,597,750.00. Following the completion of the sale, the chief financial officer now directly owns 70,332 shares in the company, valued at $4,494,918.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Cornelius Boone sold 3,974 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total value of $256,760.14. Following the transaction, the senior vice president now owns 70,113 shares in the company, valued at approximately $4,530,000.93. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

EBAY has been the subject of several recent research reports. Wolfe Research started coverage on eBay in a report on Tuesday, July 16th. They set a “peer perform” rating for the company. StockNews.com downgraded eBay from a “buy” rating to a “hold” rating in a research report on Monday, September 9th. Citigroup boosted their price target on shares of eBay from $64.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Truist Financial boosted their price objective on eBay from $50.00 to $58.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. Finally, JPMorgan Chase & Co. started coverage on shares of eBay in a report on Tuesday, June 25th. They set a “neutral” rating and a $60.00 target price on the stock. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $57.29.

About eBay

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company’s marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.