Axa S.A. Buys 197,669 Shares of eBay Inc. $EBAY

Axa S.A. increased its stake in shares of eBay Inc. (NASDAQ:EBAY) by 34.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 777,737 shares of the e-commerce company’s stock after buying an additional 197,669 shares during the quarter. Axa S.A. owned 0.17% of eBay worth $57,910,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Procyon Advisors LLC raised its holdings in shares of eBay by 100.7% during the second quarter. Procyon Advisors LLC now owns 30,789 shares of the e-commerce company’s stock worth $2,293,000 after acquiring an additional 15,449 shares during the period. Teacher Retirement System of Texas raised its position in eBay by 2.0% in the 2nd quarter. Teacher Retirement System of Texas now owns 171,040 shares of the e-commerce company’s stock valued at $12,736,000 after buying an additional 3,374 shares during the last quarter. Savant Capital LLC raised its position in eBay by 19.4% in the 2nd quarter. Savant Capital LLC now owns 24,229 shares of the e-commerce company’s stock valued at $1,804,000 after buying an additional 3,933 shares during the last quarter. denkapparat Operations GmbH boosted its position in eBay by 112.9% during the 2nd quarter. denkapparat Operations GmbH now owns 8,876 shares of the e-commerce company’s stock worth $661,000 after acquiring an additional 4,706 shares during the last quarter. Finally, Machina Capital S.A.S. bought a new position in shares of eBay during the 2nd quarter worth approximately $1,626,000. 87.48% of the stock is currently owned by institutional investors.

Insider Activity

In other 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 value of $2,878,769.70. Following the completion of the transaction, the senior vice president directly owned 2,862 shares of the company’s stock, valued at approximately $233,367.48. This trade represents a 92.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Mazen Rawashdeh sold 1,910 shares of the business’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 sale, the senior vice president owned 3,824 shares of the company’s stock, valued at approximately $341,521.44. This represents a 33.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 57,102 shares of company stock worth $4,777,385 over the last ninety days. Corporate insiders own 0.64% of the company’s stock.

Wall Street Analysts Forecast Growth

EBAY has been the subject of a number of recent research reports. The Goldman Sachs Group increased their price objective on shares of eBay from $72.00 to $78.00 and gave the stock a “sell” rating in a research note on Thursday, October 30th. Rothschild & Co Redburn cut their price objective on eBay from $95.00 to $90.00 in a report on Friday, November 7th. Stifel Nicolaus dropped their price target on shares of eBay from $89.00 to $88.00 in a research report on Thursday, October 30th. Sanford C. Bernstein set a $90.00 price target on shares of eBay in a research note on Friday, October 31st. Finally, B. Riley lifted their price objective on shares of eBay from $94.00 to $96.00 and gave the company a “buy” rating in a research report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $94.69.

eBay Price Performance

NASDAQ:EBAY opened at $83.89 on Wednesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.92 and a current ratio of 0.92. eBay Inc. has a 52 week low of $58.71 and a 52 week high of $101.15. The firm’s 50-day simple moving average is $87.11 and its 200 day simple moving average is $85.60. The firm has a market cap of $37.92 billion, a price-to-earnings ratio of 18.24, a P/E/G ratio of 2.11 and a beta of 1.35.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 EPS for the quarter, beating the consensus estimate of $1.33 by $0.03. eBay had a net margin of 20.37% and a return on equity of 41.94%. The company had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the previous year, the company earned $1.19 EPS. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. 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, sell-side analysts predict that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The business 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 $0.29 dividend. 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%.

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.