Allworth Financial LP Has $1.08 Million Stake in eBay Inc. $EBAY

Allworth Financial LP grew its position in shares of eBay Inc. (NASDAQ:EBAY) by 72.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,451 shares of the e-commerce company’s stock after buying an additional 6,049 shares during the quarter. Allworth Financial LP’s holdings in eBay were worth $1,076,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of EBAY. Independent Franchise Partners LLP increased its holdings in shares of eBay by 4.6% in the first quarter. Independent Franchise Partners LLP now owns 11,689,267 shares of the e-commerce company’s stock valued at $791,714,000 after purchasing an additional 510,629 shares in the last quarter. Nordea Investment Management AB boosted its position in eBay by 5.6% in the 2nd quarter. Nordea Investment Management AB now owns 9,085,603 shares of the e-commerce company’s stock valued at $674,061,000 after buying an additional 478,410 shares during the last quarter. Invesco Ltd. increased its stake in shares of eBay by 8.0% in the 1st quarter. Invesco Ltd. now owns 8,441,396 shares of the e-commerce company’s stock valued at $571,736,000 after buying an additional 627,823 shares during the period. Northern Trust Corp raised its position in shares of eBay by 4.4% during the first quarter. Northern Trust Corp now owns 7,109,481 shares of the e-commerce company’s stock worth $481,525,000 after acquiring an additional 300,216 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of eBay by 5.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,157,105 shares of the e-commerce company’s stock valued at $417,021,000 after acquiring an additional 322,910 shares during the period. Institutional investors own 87.48% of the company’s stock.

Analysts Set New Price Targets

EBAY has been the topic of a number of research reports. Citigroup restated a “market outperform” rating on shares of eBay in a research report on Thursday, October 30th. Needham & Company LLC raised their price objective 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. Deutsche Bank Aktiengesellschaft upped their target price on shares of eBay from $96.00 to $100.00 in a research report on Thursday, October 30th. Weiss Ratings restated a “buy (b+)” rating on shares of eBay in a research report on Thursday. Finally, TD Cowen lifted their price objective on eBay from $80.00 to $84.00 and gave the stock a “hold” rating in a research note on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nineteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $94.69.

Insider Buying and Selling at eBay

In other news, SVP Cornelius Boone sold 4,439 shares of the firm’s stock in a transaction dated 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 owned 93,392 shares in the company, valued at $8,361,385.76. This trade represents a 4.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jordan Douglas Bradle Sweetnam sold 35,305 shares of eBay stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $81.54, for a total value of $2,878,769.70. Following the completion of the sale, the senior vice president directly owned 2,862 shares in the company, valued at approximately $233,367.48. This represents a 92.50% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 63,317 shares of company stock worth $5,361,568 in the last three months. 0.64% of the stock is currently owned by company insiders.

eBay Stock Performance

EBAY opened at $83.85 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $37.90 billion, a price-to-earnings ratio of 18.23, a P/E/G ratio of 2.39 and a beta of 1.29. The business’s 50-day moving average price is $90.18 and its two-hundred day moving average price is $83.96. eBay Inc. has a 1 year low of $58.71 and a 1 year high of $101.15.

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

eBay Dividend Announcement

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

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.