eBay Inc. $EBAY Shares Sold by Ascent Group LLC

Ascent Group LLC cut its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 53.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,775 shares of the e-commerce company’s stock after selling 18,443 shares during the period. Ascent Group LLC’s holdings in eBay were worth $1,435,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Verdence Capital Advisors LLC grew its holdings in shares of eBay by 71.2% during the 2nd quarter. Verdence Capital Advisors LLC now owns 17,447 shares of the e-commerce company’s stock valued at $1,299,000 after acquiring an additional 7,256 shares in the last quarter. Procyon Advisors LLC grew its position in shares of eBay by 100.7% in the second quarter. Procyon Advisors LLC now owns 30,789 shares of the e-commerce company’s stock valued at $2,293,000 after purchasing an additional 15,449 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of eBay by 2.0% in the second quarter. Teacher Retirement System of Texas now owns 171,040 shares of the e-commerce company’s stock valued at $12,736,000 after acquiring an additional 3,374 shares during the period. Savant Capital LLC raised its position in shares of eBay by 19.4% during the second 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. Finally, denkapparat Operations GmbH lifted its position in eBay by 112.9% in the second quarter. denkapparat Operations GmbH now owns 8,876 shares of the e-commerce company’s stock worth $661,000 after purchasing an additional 4,706 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Julie A. Loeger sold 2,896 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $82.44, for a total value of $238,746.24. Following the sale, the senior vice president directly owned 55,990 shares in the company, valued at $4,615,815.60. This represents a 4.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Cornelius Boone sold 4,462 shares of the stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $83.94, for a total value of $374,540.28. Following the sale, the senior vice president owned 91,921 shares of the company’s stock, valued at approximately $7,715,848.74. The trade was a 4.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 60,896 shares of company stock worth $5,051,424 over the last quarter. 0.64% of the stock is currently owned by corporate insiders.

eBay Price Performance

Shares of NASDAQ EBAY opened at $87.10 on Friday. The stock’s fifty day moving average is $84.69 and its 200 day moving average is $86.51. The stock has a market capitalization of $39.37 billion, a P/E ratio of 18.93, a PEG ratio of 2.19 and a beta of 1.35. 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.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data 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. The business had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.73 billion. eBay had a net margin of 20.37% and a return on equity of 41.94%. The company’s revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the business earned $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. Sell-side analysts forecast that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were given a dividend of $0.29 per share. The ex-dividend date was Friday, November 28th. This represents a $1.16 dividend on an annualized basis and a yield of 1.3%. eBay’s payout ratio is currently 25.22%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Benchmark lifted their price objective on eBay from $100.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Evercore ISI lifted their price objective on shares of eBay from $90.00 to $93.00 and gave the stock an “in-line” rating in a research note on Thursday, October 30th. Sanford C. Bernstein set a $90.00 price target on shares of eBay in a report on Friday, October 31st. Daiwa Capital Markets lowered their price objective on shares of eBay from $99.00 to $84.00 and set a “neutral” rating on the stock in a report on Wednesday, November 12th. Finally, BNP Paribas Exane began coverage on eBay in a report on Monday, November 24th. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, eBay currently has a consensus rating of “Hold” and an average price target of $94.41.

eBay Profile

eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price “Buy It Now” transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.

The company’s core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.