World Investment Advisors Trims Position in eBay Inc. $EBAY

World Investment Advisors lessened its stake in shares of eBay Inc. (NASDAQ:EBAY) by 22.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,572 shares of the e-commerce company’s stock after selling 12,189 shares during the quarter. World Investment Advisors’ holdings in eBay were worth $3,096,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Daymark Wealth Partners LLC purchased a new position in eBay during the 2nd quarter valued at about $200,000. Motley Fool Asset Management LLC grew its holdings in eBay by 6.1% during the 2nd quarter. Motley Fool Asset Management LLC now owns 29,155 shares of the e-commerce company’s stock valued at $2,171,000 after buying an additional 1,687 shares in the last quarter. Liberty Wealth Management LLC purchased a new position in eBay during the 2nd quarter valued at about $257,000. Teacher Retirement System of Texas grew its holdings in eBay by 2.0% during the 2nd quarter. Teacher Retirement System of Texas now owns 171,040 shares of the e-commerce company’s stock valued at $12,736,000 after buying an additional 3,374 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in eBay during the 2nd quarter valued at about $9,663,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Stock Down 15.9%

Shares of EBAY opened at $83.73 on Friday. The firm has a market cap of $38.26 billion, a P/E ratio of 18.20, a P/E/G ratio of 2.39 and a beta of 1.31. The stock has a 50 day simple moving average of $92.30 and a two-hundred day simple moving average of $82.65. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.00 and a quick ratio of 1.00. eBay Inc. has a 1 year low of $56.33 and a 1 year high of $101.15.

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 the consensus estimate of $1.33 by $0.03. The business had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.73 billion. eBay had a return on equity of 41.45% and a net margin of 20.37%.eBay’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.19 earnings per share. eBay has set its FY 2025 guidance at 4.090-4.140 EPS. Q4 2025 guidance at 1.310-1.360 EPS. On average, analysts forecast that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be given a $0.29 dividend. The ex-dividend date is Friday, November 28th. This represents a $1.16 annualized dividend and a yield of 1.4%. eBay’s payout ratio is presently 25.55%.

Insider Buying and Selling

In other eBay news, CEO Jamie Iannone sold 7,221 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $91.76, for a total value of $662,598.96. Following the completion of the sale, the chief executive officer owned 250,223 shares in the company, valued at approximately $22,960,462.48. The trade was a 2.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Cornelius Boone sold 4,439 shares of the business’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $89.53, for a total value of $397,423.67. Following the completion of the sale, the senior vice president owned 93,392 shares of the company’s stock, valued at $8,361,385.76. The trade was a 4.54% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 96,743 shares of company stock worth $8,979,844. Company insiders own 0.64% of the company’s stock.

Wall Street Analyst Weigh In

EBAY has been the subject of a number of recent analyst reports. JMP Securities raised eBay from a “market perform” rating to a “market outperform” rating and set a $115.00 target price for the company in a report on Friday, October 24th. Susquehanna boosted their price objective on eBay from $70.00 to $95.00 and gave the stock a “neutral” rating in a report on Friday, August 1st. Barclays boosted their price objective on eBay from $92.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday. Morgan Stanley boosted their price objective on eBay from $89.00 to $102.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Finally, Argus reissued a “hold” rating on shares of eBay in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eighteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $92.87.

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.