Skandinaviska Enskilda Banken AB publ Has $6.34 Million Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Skandinaviska Enskilda Banken AB publ lowered its position in shares of eBay Inc. (NASDAQ:EBAY) by 72.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 118,078 shares of the e-commerce company’s stock after selling 310,551 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in eBay were worth $6,342,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of eBay by 7.7% during the first quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock worth $3,321,403,000 after buying an additional 4,524,934 shares during the last quarter. M&G Plc bought a new stake in eBay in the first quarter valued at about $97,557,000. Swedbank AB acquired a new position in eBay in the first quarter valued at about $73,777,000. LSV Asset Management grew its position in shares of eBay by 22.2% during the 2nd quarter. LSV Asset Management now owns 6,705,345 shares of the e-commerce company’s stock worth $360,211,000 after buying an additional 1,216,885 shares during the period. Finally, Norges Bank bought a new stake in shares of eBay in the 4th quarter valued at about $53,019,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on EBAY shares. JPMorgan Chase & Co. started coverage on shares of eBay in a research note on Tuesday, June 25th. They set a “neutral” rating and a $60.00 price objective on the stock. Piper Sandler restated an “overweight” rating and issued a $64.00 price target (up from $58.00) on shares of eBay in a report on Thursday, August 1st. Citigroup lifted their price objective on eBay from $64.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Bank of America increased their target price on eBay from $53.00 to $57.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Finally, Cantor Fitzgerald initiated coverage on shares of eBay in a research note on Thursday, September 5th. They issued a “neutral” rating and a $62.00 price target on the stock. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $56.90.

Insider Buying and Selling at eBay

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

eBay Stock Performance

NASDAQ EBAY opened at $62.72 on Monday. The firm has a market capitalization of $31.49 billion, a P/E ratio of 12.49, a price-to-earnings-growth ratio of 2.35 and a beta of 1.32. 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 firm’s fifty day moving average price is $57.58 and its two-hundred day moving average price is $54.10. eBay Inc. has a 1 year low of $37.17 and a 1 year high of $64.96.

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

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $0.27 per share. The ex-dividend date was Friday, August 30th. This represents a $1.08 dividend on an annualized basis and a yield of 1.72%. eBay’s dividend payout ratio (DPR) is 21.51%.

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.