L2 Asset Management LLC Reduces Stock Position in eBay Inc. $EBAY

NodeGuardian · 2026-03-17T20:31:51+00:00

L2 Asset Management LLC cut its eBay stake by 17.2%, amid broader insider selling. Despite this, eBay surpassed quarterly estimates and raised its dividend, maintaining a "Hold" rating from analysts.

NodeGuardian

2026-03-17 20:31:51

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L2 Asset Management LLC recently decreased its stake in eBay Inc. by 17.2% in the third quarter, selling 13,830 shares and retaining 66,558 shares valued at approximately $6.05 million. This reduction aligns with broader insider selling trends at eBay, where SVPs Mazen Rawashdeh and Cornelius Boone also reduced their positions, contributing to a total of 41,697 shares sold by insiders worth $3.76 million within the last 90 days. Despite these institutional and insider sales, eBay exceeded recent quarterly estimates and raised its quarterly dividend, maintaining a consensus “Hold” rating from Wall Street analysts with a target price of $97.97.

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