Smith Group Asset Management LLC Buys 6,382 Shares of eBay Inc. $EBAY

Smith Group Asset Management LLC lifted its stake in eBay Inc. (NASDAQ:EBAY) by 1.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 390,844 shares of the e-commerce company’s stock after buying an additional 6,382 shares during the period. eBay makes up approximately 1.9% of Smith Group Asset Management LLC’s investment portfolio, making the stock its 23rd biggest position. Smith Group Asset Management LLC owned about 0.08% of eBay worth $29,102,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Caliber Wealth Management LLC KS bought a new stake in shares of eBay in the second quarter valued at approximately $201,000. Rehmann Capital Advisory Group acquired a new position in eBay during the second quarter valued at approximately $232,000. D.A. Davidson & CO. raised its position in eBay by 5.0% during the second quarter. D.A. Davidson & CO. now owns 15,841 shares of the e-commerce company’s stock valued at $1,180,000 after purchasing an additional 748 shares in the last quarter. Probity Advisors Inc. acquired a new position in eBay during the second quarter valued at approximately $216,000. Finally, Phoenix Financial Ltd. acquired a new position in eBay during the second quarter valued at approximately $253,000. 87.48% of the stock is currently owned by institutional investors.

eBay Stock Performance

NASDAQ EBAY opened at $95.52 on Friday. The company has a market capitalization of $43.65 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 2.29 and a beta of 1.31. eBay Inc. has a twelve month low of $56.33 and a twelve month high of $101.15. The stock has a fifty day simple moving average of $92.69 and a 200 day simple moving average of $81.33. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.05.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.07. The business had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.64 billion. eBay had a net margin of 20.86% and a return on equity of 38.97%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.18 earnings per share. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. Sell-side analysts expect that eBay Inc. will post 3.86 EPS for the current year.

eBay Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $1.16 dividend on an annualized basis and a yield of 1.2%. eBay’s dividend payout ratio is 25.55%.

Analysts Set New Price Targets

Several brokerages have commented on EBAY. Needham & Company LLC boosted their price objective on shares of eBay from $78.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Citizens Jmp upgraded shares of eBay to a “hold” rating in a research report on Thursday, July 10th. B. Riley boosted their price objective on shares of eBay from $94.00 to $96.00 and gave the company a “buy” rating in a research report on Monday. Weiss Ratings restated a “buy (b)” rating on shares of eBay in a research report on Wednesday, October 8th. Finally, Barclays restated an “overweight” rating and set a $92.00 price objective (up from $77.00) on shares of eBay in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twenty have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $86.54.

Insider Activity

In other eBay news, SVP Julie A. Loeger sold 75,952 shares of the company’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $93.25, for a total transaction of $7,082,524.00. Following the sale, the senior vice president owned 53,107 shares of the company’s stock, valued at approximately $4,952,227.75. This represents a 58.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Cornelius Boone sold 4,439 shares of the company’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $89.53, for a total transaction of $397,423.67. Following the sale, the senior vice president directly owned 93,392 shares in the company, valued at $8,361,385.76. This trade represents a 4.54% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 96,743 shares of company stock worth $8,979,844. 0.64% of the stock is owned by insiders.

About eBay

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company’s marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.