AlphaCore Capital LLC Raises Holdings in eBay Inc. $EBAY

AlphaCore Capital LLC raised its stake in shares of eBay Inc. (NASDAQ:EBAY) by 304.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,200 shares of the e-commerce company’s stock after acquiring an additional 903 shares during the period. AlphaCore Capital LLC’s holdings in eBay were worth $89,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in EBAY. ABN AMRO Bank N.V. acquired a new position in shares of eBay during the 2nd quarter worth about $235,149,000. Nuveen LLC acquired a new position in eBay during the 1st quarter worth approximately $202,346,000. Price T Rowe Associates Inc. MD grew its stake in shares of eBay by 253.1% during the 1st 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 purchasing an additional 1,981,011 shares during the period. M&G PLC increased its stake in eBay by 88.8% in the 2nd quarter. M&G PLC now owns 2,785,699 shares of the e-commerce company’s stock valued at $206,142,000 after purchasing an additional 1,310,373 shares in the last quarter. Finally, Valeo Financial Advisors LLC increased its holdings in eBay by 19,822.5% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,290,981 shares of the e-commerce company’s stock valued at $96,126,000 after acquiring an additional 1,284,501 shares in the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other eBay news, SVP Cornelius Boone sold 4,439 shares of the stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $89.53, for a total transaction of $397,423.67. Following the sale, the senior vice president owned 93,392 shares of the company’s stock, valued at $8,361,385.76. This represents a 4.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Mazen Rawashdeh sold 1,910 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $89.31, for a total transaction of $170,582.10. Following the completion of the transaction, the senior vice president owned 3,824 shares of the company’s stock, valued at $341,521.44. This trade represents a 33.31% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 64,323 shares of company stock worth $5,444,100. 0.64% of the stock is owned by company insiders.

eBay Stock Performance

EBAY opened at $82.49 on Thursday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a 50-day moving average of $88.64 and a 200-day moving average of $84.76. The company has a market cap of $37.29 billion, a PE ratio of 17.93, a price-to-earnings-growth ratio of 2.39 and a beta of 1.29. eBay Inc. has a 52-week low of $58.71 and a 52-week high of $101.15.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share (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 analyst estimates of $2.73 billion. During the same quarter last year, the firm posted $1.19 EPS. The company’s 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. As a group, equities research analysts forecast that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

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 issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, November 28th. eBay’s dividend payout ratio (DPR) is currently 25.22%.

Analysts Set New Price Targets

EBAY has been the subject of a number of analyst reports. Daiwa Capital Markets cut their price objective on shares of eBay from $99.00 to $84.00 and set a “neutral” rating for the company in a research report on Wednesday, November 12th. Evercore ISI raised their target price on eBay from $90.00 to $93.00 and gave the company an “in-line” rating in a research note on Thursday, October 30th. Wall Street Zen downgraded eBay from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. UBS Group set a $95.00 target price on eBay in a research note on Thursday, October 30th. Finally, Jefferies Financial Group boosted their price objective on eBay from $60.00 to $65.00 and gave the stock an “underperform” rating in a research report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty-one have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, eBay currently has a consensus rating of “Hold” and a consensus price target of $94.69.

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.