eBay Inc. $EBAY is Beutel Goodman & Co Ltd.’s 6th Largest Position

Beutel Goodman & Co Ltd. cut its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 15.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,973,100 shares of the e-commerce company’s stock after selling 1,086,554 shares during the period. eBay accounts for 2.5% of Beutel Goodman & Co Ltd.’s holdings, making the stock its 6th biggest holding. Beutel Goodman & Co Ltd. owned about 1.31% of eBay worth $444,757,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Princeton Global Asset Management LLC boosted its position in 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 acquiring an additional 269 shares in the last quarter. Wealth Preservation Advisors LLC bought a new position in shares of eBay in the 1st quarter worth $26,000. GFG Capital LLC purchased a new stake in shares of eBay during the 2nd quarter worth $28,000. Sumitomo Mitsui Financial Group Inc. boosted its position in eBay by 155.3% during the second quarter. Sumitomo Mitsui Financial Group Inc. now owns 411 shares of the e-commerce company’s stock valued at $30,000 after purchasing an additional 250 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its position 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 in the last quarter. Institutional investors own 87.48% of the company’s stock.

Insiders Place Their Bets

In other eBay news, SVP Jordan Douglas Bradle Sweetnam sold 35,305 shares of the stock in a transaction that occurred on 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 transaction, the senior vice president owned 2,862 shares in the company, valued at approximately $233,367.48. This represents a 92.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Mazen Rawashdeh sold 1,910 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $89.31, for a total value of $170,582.10. Following the completion of the sale, the senior vice president directly owned 3,824 shares in the company, valued at approximately $341,521.44. The trade was a 33.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 57,102 shares of company stock worth $4,777,385. 0.64% of the stock is owned by company insiders.

eBay Stock Performance

Shares of NASDAQ EBAY opened at $82.13 on Friday. The company has a 50 day simple moving average of $87.57 and a two-hundred day simple moving average of $85.18. The stock has a market cap of $37.12 billion, a price-to-earnings ratio of 17.85, a PEG ratio of 2.07 and a beta of 1.35. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.06. eBay Inc. has a 12 month low of $58.71 and a 12 month high of $101.15.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.03. The firm had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.73 billion. eBay had a net margin of 20.37% and a return on equity of 41.94%. The firm’s revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.19 earnings per share. eBay has set its FY 2025 guidance at 4.090-4.140 EPS and its Q4 2025 guidance at 1.310-1.360 EPS. As a group, analysts predict that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The firm 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. This represents a $1.16 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, November 28th. eBay’s payout ratio is currently 25.22%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. BMO Capital Markets boosted their target price on shares of eBay from $102.00 to $107.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. BNP Paribas assumed coverage on shares of eBay in a research report on Monday, November 24th. They issued a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of eBay from $96.00 to $100.00 in a research report on Thursday, October 30th. Truist Financial lifted their price target on shares of eBay from $86.00 to $92.00 and gave the stock a “hold” rating in a report on Monday, November 3rd. Finally, President Capital raised eBay from a “neutral” rating to a “buy” rating and upped their price target for the stock from $74.00 to $103.00 in a research report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty-one have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $94.69.

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.