Northwestern Mutual Wealth Management Co. Increases Stake in eBay Inc. $EBAY

Northwestern Mutual Wealth Management Co. grew its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 23.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,763 shares of the e-commerce company’s stock after purchasing an additional 9,153 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in eBay were worth $5,449,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. BlackRock Inc. purchased a new position in shares of eBay in the second quarter worth about $4,406,897,000. Legal & General Group Plc purchased a new position in eBay in the 2nd quarter worth approximately $506,653,000. Bank of America Corp DE acquired a new position in shares of eBay during the 2nd quarter worth approximately $405,182,000. Bank of New York Mellon Corp purchased a new stake in shares of eBay in the second quarter valued at approximately $282,479,000. Finally, Altshuler Shaham Ltd increased its holdings in shares of eBay by 4,452,655.3% in the fourth quarter. Altshuler Shaham Ltd now owns 2,092,795 shares of the e-commerce company’s stock valued at $182,282,000 after purchasing an additional 2,092,748 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insider Buying and Selling at eBay

In other news, SVP Jordan Sweetnam sold 1,014 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $101.39, for a total value of $102,809.46. Following the sale, the senior vice president directly owned 35,546 shares of the company’s stock, valued at approximately $3,604,008.94. The trade was a 2.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 1,919 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $108.51, for a total transaction of $208,230.69. Following the transaction, the senior vice president directly owned 32,124 shares of the company’s stock, valued at $3,485,775.24. The trade was a 5.64% decrease in their position. 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. Insiders sold a total of 26,016 shares of company stock worth $2,870,341 over the last three months. Insiders own 0.67% of the company’s stock.

eBay Trading Down 0.8%

Shares of eBay stock opened at $105.86 on Friday. The stock has a 50 day moving average of $109.56 and a 200 day moving average of $103.61. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $47.11 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 2.83 and a beta of 1.34. eBay Inc. has a fifty-two week low of $78.03 and a fifty-two week high of $119.31.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.50 by $0.10. The business had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.01 billion. eBay had a return on equity of 47.88% and a net margin of 18.50%.The company’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.37 EPS. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. As a group, research analysts predict that eBay Inc. will post 4.86 earnings per share for the current year.

eBay Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be given 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 yield of 1.2%. eBay’s dividend payout ratio is presently 25.67%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Weiss Ratings lowered eBay from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, August 25th. Citigroup raised their target price on eBay from $127.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Wedbush boosted their price target on shares of eBay from $135.00 to $137.00 and gave the company an “outperform” rating in a research report on Thursday, August 20th. Susquehanna reissued a “neutral” rating on shares of eBay in a report on Friday, August 7th. Finally, UBS Group raised their price objective on shares of eBay from $107.00 to $120.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. One 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 given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $117.24.

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.