CoreCap Advisors LLC Decreases Holdings in eBay Inc. $EBAY

CoreCap Advisors LLC decreased its holdings in eBay Inc. (NASDAQ:EBAY) by 80.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,272 shares of the e-commerce company’s stock after selling 5,384 shares during the period. CoreCap Advisors LLC’s holdings in eBay were worth $116,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Hennion & Walsh Asset Management Inc. lifted its stake in shares of eBay by 59.0% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 5,710 shares of the e-commerce company’s stock valued at $519,000 after purchasing an additional 2,118 shares during the last quarter. Forza Wealth Management LLC raised its holdings in eBay by 15.8% during the 3rd quarter. Forza Wealth Management LLC now owns 3,488 shares of the e-commerce company’s stock valued at $317,000 after buying an additional 475 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in eBay by 5.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 2,817,489 shares of the e-commerce company’s stock worth $256,251,000 after buying an additional 157,537 shares during the last quarter. RHS Financial LLC boosted its stake in eBay by 2.8% during the third quarter. RHS Financial LLC now owns 6,335 shares of the e-commerce company’s stock worth $576,000 after buying an additional 172 shares during the period. Finally, CWA Asset Management Group LLC boosted its stake in eBay by 6.7% during the third quarter. CWA Asset Management Group LLC now owns 57,000 shares of the e-commerce company’s stock worth $5,184,000 after buying an additional 3,562 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insider Activity at eBay

In other eBay news, SVP Julie A. Loeger sold 2,896 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $82.44, for a total transaction of $238,746.24. Following the transaction, the senior vice president owned 55,990 shares of the company’s stock, valued at approximately $4,615,815.60. This trade represents a 4.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jamie Iannone sold 7,221 shares of the business’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $81.08, for a total transaction of $585,478.68. Following the completion of the sale, the chief executive officer owned 235,781 shares of the company’s stock, valued at approximately $19,117,123.48. This represents a 2.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 53,675 shares of company stock worth $4,388,825 over the last quarter. Corporate insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Benchmark increased their target price on shares of eBay from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. BNP Paribas Exane assumed coverage on shares of eBay in a research report on Monday, November 24th. They issued a “neutral” rating on the stock. Rothschild & Co Redburn dropped their target price on eBay from $95.00 to $90.00 in a research report on Friday, November 7th. Jefferies Financial Group upped their target price on eBay from $60.00 to $65.00 and gave the company an “underperform” rating in a research note on Friday, October 17th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of eBay in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, eBay presently has an average rating of “Hold” and an average target price of $95.31.

eBay Stock Performance

eBay stock opened at $94.37 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. The company has a market capitalization of $42.66 billion, a PE ratio of 20.52, a P/E/G ratio of 2.17 and a beta of 1.35. The company has a 50 day moving average price of $84.79 and a 200-day moving average price of $87.50. eBay Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $101.15.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, October 29th. The e-commerce company reported $1.36 EPS for the quarter, topping the consensus estimate of $1.33 by $0.03. The company had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.73 billion. eBay had a return on equity of 41.94% 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 business posted $1.19 EPS. 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, equities analysts forecast that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $1.16 dividend on an annualized basis and a yield of 1.2%. eBay’s dividend payout ratio is 25.22%.

eBay Company 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.