17,371 Shares in eBay Inc. $EBAY Purchased by Allstate Corp

Allstate Corp acquired a new stake in eBay Inc. (NASDAQ:EBAY) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 17,371 shares of the e-commerce company’s stock, valued at approximately $1,580,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Princeton Global Asset Management LLC raised its holdings in shares of eBay by 433.9% in the second quarter. Princeton Global Asset Management LLC now owns 331 shares of the e-commerce company’s stock worth $25,000 after acquiring an additional 269 shares during the last quarter. Financial Consulate Inc. acquired a new position in shares of eBay during the third quarter worth about $27,000. GFG Capital LLC acquired a new position in shares of eBay during the second quarter worth $28,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of eBay in the third quarter worth about $28,000. Finally, Sumitomo Mitsui Financial Group Inc. raised its holdings in eBay by 155.3% in the second quarter. Sumitomo Mitsui Financial Group Inc. now owns 411 shares of the e-commerce company’s stock valued at $30,000 after acquiring an additional 250 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Jamie Iannone sold 7,221 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $19,117,123.48. This trade 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 Mazen Rawashdeh sold 1,920 shares of eBay stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $81.90, for a total value of $157,248.00. Following the completion of the transaction, the senior vice president directly owned 5,746 shares in the company, valued at approximately $470,597.40. This represents a 25.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 53,675 shares of company stock valued at $4,388,825 over the last ninety days. 0.64% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Barclays lifted their target price on eBay from $92.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Needham & Company LLC raised their target price on shares of eBay from $95.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Rothschild & Co Redburn reduced their price target on shares of eBay from $95.00 to $90.00 in a research report on Friday, November 7th. TD Cowen boosted their price target on eBay from $80.00 to $84.00 and gave the company a “hold” rating in a research note on Monday, October 20th. Finally, Morgan Stanley raised their price objective on eBay from $102.00 to $112.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty-one have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, eBay has a consensus rating of “Hold” and an average price target of $95.52.

eBay Stock Performance

Shares of EBAY stock opened at $90.70 on Wednesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.92 and a quick ratio of 0.92. eBay Inc. has a one year low of $58.71 and a one year high of $101.15. The stock has a 50-day moving average of $85.77 and a 200-day moving average of $88.12. The stock has a market cap of $41.00 billion, a PE ratio of 19.72, a price-to-earnings-growth ratio of 2.16 and a beta of 1.35.

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

eBay Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, November 28th. 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.