eBay Inc. $EBAY Position Trimmed by 1ST Source Bank

1ST Source Bank decreased its holdings in eBay Inc. (NASDAQ:EBAY) by 12.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,100 shares of the e-commerce company’s stock after selling 1,127 shares during the quarter. 1ST Source Bank’s holdings in eBay were worth $603,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of EBAY. Princeton Global Asset Management LLC grew its holdings in shares of eBay by 433.9% in the 2nd quarter. Princeton Global Asset Management LLC now owns 331 shares of the e-commerce company’s stock worth $25,000 after acquiring an additional 269 shares during the last quarter. Wealth Preservation Advisors LLC acquired a new position in shares of eBay in the 1st quarter valued at $26,000. GFG Capital LLC purchased a new position in eBay in the 2nd quarter worth about $28,000. Hantz Financial Services Inc. increased its stake in eBay by 153.4% in the 2nd quarter. Hantz Financial Services Inc. now owns 451 shares of the e-commerce company’s stock worth $34,000 after purchasing an additional 273 shares in the last quarter. Finally, Private Wealth Asset Management LLC raised its holdings in eBay by 1,470.6% during the 2nd quarter. Private Wealth Asset Management LLC now owns 534 shares of the e-commerce company’s stock worth $40,000 after buying an additional 500 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. TD Cowen raised their target price on shares of eBay from $80.00 to $84.00 and gave the stock a “hold” rating in a report on Monday, October 20th. Benchmark upped their price target on shares of eBay from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Rothschild & Co Redburn lowered their price objective on shares of eBay from $95.00 to $90.00 in a research report on Friday. Needham & Company LLC boosted their target price on shares of eBay from $95.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Finally, UBS Group set a $95.00 target price on eBay in a research report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eighteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, eBay has an average rating of “Hold” and a consensus price target of $94.38.

eBay Trading Up 3.6%

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. eBay Inc. has a 1-year low of $58.71 and a 1-year high of $101.15. The firm’s fifty day simple moving average is $90.74 and its 200-day simple moving average is $83.55. The company has a market capitalization of $37.88 billion, a PE ratio of 18.22, a price-to-earnings-growth ratio of 2.39 and a beta of 1.29.

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

eBay Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a $1.16 annualized dividend and a dividend yield of 1.4%. eBay’s payout ratio is presently 25.22%.

Insider Buying and Selling at eBay

In related news, CEO Jamie Iannone sold 7,221 shares of eBay stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $81.08, for a total value of $585,478.68. Following the transaction, the chief executive officer owned 235,781 shares in the company, valued at $19,117,123.48. This trade represents a 2.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Cornelius Boone sold 4,439 shares of eBay stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $89.53, for a total value of $397,423.67. Following the completion of the transaction, the senior vice president directly owned 93,392 shares in the company, valued at approximately $8,361,385.76. This represents a 4.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 63,317 shares of company stock worth $5,361,568 over the last quarter. Company insiders own 0.64% of the company’s stock.

eBay Company 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.