Man Group plc Makes New $15.82 Million Investment in eBay Inc. $EBAY

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

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cedar Mountain Advisors LLC raised its stake in eBay by 128.9% in the first quarter. Cedar Mountain Advisors LLC now owns 277 shares of the e-commerce company’s stock valued at $25,000 after purchasing an additional 156 shares in the last quarter. Abound Financial LLC purchased a new position in eBay in the 4th quarter worth approximately $26,000. Cassaday & Co Wealth Management LLC purchased a new position in eBay in the 1st quarter worth approximately $26,000. Jessup Wealth Management Inc bought a new position in shares of eBay in the 4th quarter worth $27,000. Finally, Compass Financial Management LLC bought a new position in shares of eBay in the 2nd quarter worth $28,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on EBAY shares. JPMorgan Chase & Co. lifted their price objective on shares of eBay from $87.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. BNP Paribas Exane increased their target price on eBay from $97.00 to $110.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Argus upgraded eBay from a “hold” rating to a “buy” rating and set a $133.00 price target on the stock in a research report on Friday, August 7th. Mizuho set a $110.00 price objective on eBay in a report on Thursday, August 6th. Finally, Wells Fargo & Company cut eBay from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $105.00 to $92.00 in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $117.24.

eBay Stock Down 1.9%

EBAY opened at $102.27 on Friday. eBay Inc. has a 12 month low of $78.03 and a 12 month high of $119.31. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.10. The business’s 50-day moving average price is $109.82 and its 200-day moving average price is $102.85. The company has a market cap of $45.51 billion, a P/E ratio of 21.17, a P/E/G ratio of 2.52 and a beta of 1.37.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share for the quarter, beating 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 company had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same period in the prior year, the business posted $1.37 EPS. eBay’s quarterly revenue was up 14.8% compared to the same quarter last year. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. On average, equities analysts expect that eBay Inc. will post 4.86 EPS for the current year.

eBay Announces Dividend

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

Insider Transactions at eBay

In other news, SVP Mazen Rawashdeh sold 1,919 shares of the firm’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 value of $208,230.69. Following the transaction, the senior vice president owned 32,124 shares in the company, valued at approximately $3,485,775.24. This trade represents a 5.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 11,110 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $108.55, for a total transaction of $1,205,990.50. Following the sale, the chief executive officer 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 37,126 shares of company stock worth $4,087,886. Insiders own 0.67% of the company’s stock.

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.