AGF Management Ltd. Purchases 4,197 Shares of eBay Inc. $EBAY

AGF Management Ltd. boosted its position in eBay Inc. (NASDAQ:EBAY) by 11.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,278 shares of the e-commerce company’s stock after buying an additional 4,197 shares during the quarter. AGF Management Ltd.’s holdings in eBay were worth $3,148,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Princeton Global Asset Management LLC lifted its position in shares of eBay by 433.9% during the 2nd quarter. Princeton Global Asset Management LLC now owns 331 shares of the e-commerce company’s stock valued at $25,000 after buying an additional 269 shares during the last quarter. Wealth Preservation Advisors LLC bought a new stake in eBay in the 1st quarter valued at about $26,000. GFG Capital LLC bought a new stake in eBay in the 2nd quarter valued at about $28,000. Hantz Financial Services Inc. lifted its holdings in eBay by 153.4% during the second quarter. Hantz Financial Services Inc. now owns 451 shares of the e-commerce company’s stock valued at $34,000 after purchasing an additional 273 shares during the last quarter. Finally, Private Wealth Asset Management LLC boosted its position in eBay by 1,470.6% during the second quarter. Private Wealth Asset Management LLC now owns 534 shares of the e-commerce company’s stock worth $40,000 after purchasing an additional 500 shares during the period. 87.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EBAY. Arete raised shares of eBay from a “sell” rating to a “neutral” rating and set a $91.00 price target on the stock in a research report on Thursday, August 7th. UBS Group set a $95.00 price objective on shares of eBay in a report on Thursday, October 30th. Jefferies Financial Group lifted their price objective on shares of eBay from $60.00 to $65.00 and gave the company an “underperform” rating in a research note on Friday, October 17th. Needham & Company LLC increased their target price on eBay from $95.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Finally, Cantor Fitzgerald raised their price target on eBay from $85.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eighteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $94.38.

eBay Stock Up 3.6%

Shares of NASDAQ EBAY opened at $83.80 on Monday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.05. The business has a 50-day moving average of $90.74 and a 200-day moving average of $83.55. The firm has a market capitalization of $37.88 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 2.39 and a beta of 1.29. eBay Inc. has a 12 month low of $58.71 and a 12 month high of $101.15.

eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.03. eBay had a net margin of 20.37% and a return on equity of 41.45%. The business had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same period last year, the firm posted $1.19 earnings per share. eBay’s quarterly revenue was up 9.5% on a year-over-year basis. eBay has set its FY 2025 guidance at 4.090-4.140 EPS. Q4 2025 guidance at 1.310-1.360 EPS. Sell-side analysts expect that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, November 28th. eBay’s payout ratio is currently 25.22%.

Insider Activity at eBay

In other eBay news, SVP Jordan Douglas Bradle Sweetnam sold 35,305 shares of eBay stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $81.54, for a total transaction of $2,878,769.70. Following the completion of the sale, the senior vice president owned 2,862 shares of the company’s stock, valued at $233,367.48. The trade was a 92.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jamie Iannone sold 7,221 shares of the company’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $81.08, for a total value of $585,478.68. Following the completion of the transaction, the chief executive officer owned 235,781 shares of the company’s stock, valued at $19,117,123.48. The trade was a 2.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 63,317 shares of company stock valued at $5,361,568. 0.64% of the stock is currently owned by insiders.

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.