Glenmede Investment Management LP Lowers Position in eBay Inc. $EBAY

Glenmede Investment Management LP decreased its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 8.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 616,357 shares of the e-commerce company’s stock after selling 55,929 shares during the period. Glenmede Investment Management LP owned approximately 0.14% of eBay worth $56,058,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EBAY. Family Management Corp purchased a new stake in shares of eBay in the 3rd quarter valued at about $225,000. Limestone Investment Advisors LP purchased a new position in shares of eBay during the third quarter worth about $745,000. GeoWealth Management LLC increased its position in shares of eBay by 38.8% in the third quarter. GeoWealth Management LLC now owns 10,153 shares of the e-commerce company’s stock worth $923,000 after purchasing an additional 2,840 shares during the last quarter. Entropy Technologies LP bought a new position in shares of eBay in the third quarter worth approximately $2,795,000. Finally, Certuity LLC purchased a new stake in shares of eBay during the 3rd quarter valued at $269,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Cornelius Boone sold 4,462 shares of the business’s 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 transaction, the senior vice president owned 91,921 shares in the company, valued at $7,715,848.74. The trade was a 4.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Jordan Douglas Bradle Sweetnam sold 1,009 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $79.87, for a total value of $80,588.83. Following the completion of the sale, the senior vice president owned 5,743 shares of the company’s stock, valued at approximately $458,693.41. This trade represents a 14.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 41,697 shares of company stock valued at $3,760,124 over the last ninety days. 0.64% of the stock is owned by insiders.

Analyst Ratings Changes

EBAY has been the subject of several research reports. Citizens Jmp reiterated a “market outperform” rating and issued a $115.00 target price on shares of eBay in a research report on Wednesday, January 28th. Weiss Ratings restated a “buy (b)” rating on shares of eBay in a research report on Monday, December 29th. Arete Research lifted their price target on eBay from $91.00 to $103.00 and gave the stock a “neutral” rating in a research note on Thursday, January 15th. BMO Capital Markets reiterated an “outperform” rating and issued a $120.00 price objective on shares of eBay in a report on Thursday, February 19th. Finally, Wedbush raised their price objective on eBay from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Fourteen research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $97.97.

eBay Stock Performance

NASDAQ:EBAY opened at $91.34 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.10 and a current ratio of 1.10. eBay Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $101.15. The business has a 50 day moving average price of $89.74 and a 200-day moving average price of $88.53. The firm has a market cap of $40.92 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 1.88 and a beta of 1.38.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, February 18th. The e-commerce company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.06. The company had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.87 billion. eBay had a net margin of 18.30% and a return on equity of 43.04%. The firm’s revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.25 EPS. eBay has set its Q1 2026 guidance at 1.530-1.590 EPS. Equities research analysts predict that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 6th will be issued a dividend of $0.31 per share. This is an increase from eBay’s previous quarterly dividend of $0.29. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, March 6th. eBay’s dividend payout ratio (DPR) is currently 28.51%.

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.