Assenagon Asset Management S.A. Sells 3,619 Shares of eBay Inc. $EBAY

Assenagon Asset Management S.A. decreased its position in shares of eBay Inc. (NASDAQ:EBAY) by 6.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 49,470 shares of the e-commerce company’s stock after selling 3,619 shares during the period. Assenagon Asset Management S.A.’s holdings in eBay were worth $3,684,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Impax Asset Management Group plc lifted its stake in shares of eBay by 2,536.5% during the 1st quarter. Impax Asset Management Group plc now owns 3,535,290 shares of the e-commerce company’s stock valued at $239,037,000 after buying an additional 3,401,198 shares in the last quarter. Nuveen LLC bought a new stake in eBay during the first quarter valued at about $202,346,000. Pacer Advisors Inc. lifted its position in shares of eBay by 5,181.4% in the first quarter. Pacer Advisors Inc. now owns 2,196,321 shares of the e-commerce company’s stock valued at $148,757,000 after acquiring an additional 2,154,735 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of eBay by 253.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,763,766 shares of the e-commerce company’s stock worth $187,191,000 after acquiring an additional 1,981,011 shares during the period. Finally, Acadian Asset Management LLC boosted its stake in shares of eBay by 84.2% in the first quarter. Acadian Asset Management LLC now owns 2,005,141 shares of the e-commerce company’s stock worth $135,773,000 after acquiring an additional 916,596 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on EBAY shares. President Capital raised eBay from a “neutral” rating to a “buy” rating and lifted their target price for the company from $74.00 to $103.00 in a research note on Friday, September 19th. Arete Research upgraded shares of eBay from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 7th. Arete upgraded shares of eBay from a “sell” rating to a “neutral” rating and set a $91.00 target price for the company in a research report on Thursday, August 7th. Cfra Research raised shares of eBay to a “moderate buy” rating in a research note on Thursday, June 5th. Finally, BMO Capital Markets upgraded shares of eBay from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $70.00 to $102.00 in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $79.75.

Insider Activity

In other eBay news, SVP Mazen Rawashdeh sold 1,910 shares of the business’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $89.31, for a total transaction of $170,582.10. Following the transaction, the senior vice president owned 3,824 shares in the company, valued at $341,521.44. The trade was a 33.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Jordan Douglas Bradle Sweetnam sold 22,207 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $75.04, for a total transaction of $1,666,413.28. Following the completion of the sale, the senior vice president directly owned 22,206 shares in the company, valued at approximately $1,666,338.24. This represents a 50.00% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 157,553 shares of company stock worth $13,505,983. Company insiders own 0.64% of the company’s stock.

eBay Price Performance

eBay stock opened at $93.36 on Thursday. eBay Inc. has a 52-week low of $56.33 and a 52-week high of $101.15. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.05. The firm’s fifty day moving average is $90.86 and its 200 day moving average is $77.60. The company has a market cap of $42.67 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 2.20 and a beta of 1.32.

eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.07. eBay had a net margin of 20.86% and a return on equity of 38.97%. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same period in the previous year, the firm posted $1.18 EPS. The business’s quarterly revenue was up 6.1% on a year-over-year basis. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. Sell-side analysts forecast that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were issued a $0.29 dividend. The ex-dividend date was Friday, August 29th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.2%. eBay’s payout ratio is 25.55%.

eBay Profile

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.