GRIMES & Co WEALTH MANAGEMENT LLC Acquires Shares of 8,462 eBay Inc. $EBAY

GRIMES & Co WEALTH MANAGEMENT LLC acquired a new stake in shares of eBay Inc. (NASDAQ:EBAY) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 8,462 shares of the e-commerce company’s stock, valued at approximately $770,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tokio Marine Asset Management Co. Ltd. increased its stake in eBay by 2.3% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 16,519 shares of the e-commerce company’s stock worth $1,502,000 after buying an additional 368 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of eBay by 7.6% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,141,778 shares of the e-commerce company’s stock valued at $103,845,000 after acquiring an additional 81,050 shares in the last quarter. First Horizon Corp purchased a new stake in shares of eBay during the third quarter worth about $265,000. ORG Wealth Partners LLC lifted its stake in shares of eBay by 45.6% in the third quarter. ORG Wealth Partners LLC now owns 1,869 shares of the e-commerce company’s stock worth $170,000 after acquiring an additional 585 shares in the last quarter. Finally, MASTERINVEST Kapitalanlage GmbH lifted its stake in shares of eBay by 109.8% in the third quarter. MASTERINVEST Kapitalanlage GmbH now owns 17,761 shares of the e-commerce company’s stock worth $1,615,000 after acquiring an additional 9,296 shares in the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at eBay

In other news, CEO Jamie Iannone sold 7,221 shares of the company’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 transaction, the chief executive officer owned 235,781 shares in the company, valued at approximately $19,117,123.48. This represents a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $374,540.28. Following the completion of the sale, the senior vice president directly owned 91,921 shares in the company, valued at approximately $7,715,848.74. This trade represents a 4.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 53,675 shares of company stock valued at $4,388,825 over the last three months. 0.64% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on EBAY. Daiwa Capital Markets lowered their price objective on eBay from $99.00 to $84.00 and set a “neutral” rating for the company in a research note on Wednesday, November 12th. The Goldman Sachs Group raised their price target on shares of eBay from $72.00 to $78.00 and gave the stock a “sell” rating in a research report on Thursday, October 30th. Wedbush upped their price target on shares of eBay from $90.00 to $95.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Stifel Nicolaus decreased their price objective on shares of eBay from $89.00 to $88.00 in a report on Thursday, October 30th. Finally, BNP Paribas Exane started coverage on shares of eBay in a research report on Monday, November 24th. They issued a “neutral” rating for the company. One research 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $95.31.

eBay Trading Up 1.1%

NASDAQ EBAY 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. eBay Inc. has a one year low of $58.71 and a one year high of $101.15. The company has a 50-day simple moving average of $84.79 and a 200-day simple moving average of $87.50. The firm has a market capitalization of $42.66 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 2.17 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.03. eBay had a net margin of 20.37% and a return on equity of 41.94%. The firm had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter last year, the company posted $1.19 earnings per share. eBay’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 and its Q4 2025 guidance at 1.310-1.360 EPS. On average, equities analysts forecast that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Announces Dividend

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

About eBay

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.