Crestwood Advisors Group LLC Takes Position in eBay Inc. $EBAY

Crestwood Advisors Group LLC bought a new position in shares of eBay Inc. (NASDAQ:EBAY) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,097 shares of the e-commerce company’s stock, valued at approximately $231,000.

Several other institutional investors also recently bought and sold shares of the stock. Nuveen LLC bought a new position in shares of eBay during the 1st quarter valued at about $202,346,000. Pacer Advisors Inc. lifted its position in shares of eBay by 5,181.4% in the first quarter. Pacer Advisors Inc. now owns 2,196,321 shares of the e-commerce company’s stock worth $148,757,000 after buying an additional 2,154,735 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of eBay by 253.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,763,766 shares of the e-commerce company’s stock worth $187,191,000 after buying an additional 1,981,011 shares in the last quarter. Valeo Financial Advisors LLC boosted its stake in eBay by 19,822.5% during the second quarter. Valeo Financial Advisors LLC now owns 1,290,981 shares of the e-commerce company’s stock valued at $96,126,000 after buying an additional 1,284,501 shares during the last quarter. Finally, Acadian Asset Management LLC grew its holdings in eBay by 84.2% during the 1st quarter. Acadian Asset Management LLC now owns 2,005,141 shares of the e-commerce company’s stock valued at $135,773,000 after buying an additional 916,596 shares in the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Stock Up 3.6%

Shares of NASDAQ EBAY opened at $83.80 on Friday. eBay Inc. has a 1 year low of $58.71 and a 1 year high of $101.15. The firm has a 50-day simple moving average of $90.74 and a two-hundred day simple moving average of $83.31. The company has a market cap of $37.88 billion, a P/E ratio of 18.22, a PEG ratio of 2.39 and a beta of 1.29. 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 (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.03. eBay had a return on equity of 41.45% and a net margin of 20.37%.The firm had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the prior year, the business posted $1.19 earnings per share. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. eBay has set its FY 2025 guidance at 4.090-4.140 EPS. Q4 2025 guidance at 1.310-1.360 EPS. Research analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, November 28th. eBay’s dividend payout ratio (DPR) is 25.22%.

Wall Street Analysts Forecast Growth

EBAY has been the subject of a number of research reports. Benchmark increased their target price on eBay from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Bank of America upped their price target on shares of eBay from $89.00 to $101.00 and gave the company a “neutral” rating in a research note on Monday, August 25th. Wedbush lifted their price objective on shares of eBay from $90.00 to $95.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Robert W. Baird boosted their target price on shares of eBay from $89.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, October 13th. Finally, Morgan Stanley increased their price target on shares of eBay from $89.00 to $102.00 and gave the company an “overweight” rating in a report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eighteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $94.52.

Insider Activity at eBay

In related news, CEO Jamie Iannone sold 7,221 shares of eBay 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 sale, the chief executive officer owned 235,781 shares in the company, valued at $19,117,123.48. This trade represents a 2.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Mazen Rawashdeh sold 1,910 shares of the company’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $89.31, for a total transaction of $170,582.10. Following the completion of the transaction, the senior vice president owned 3,824 shares in the company, valued at $341,521.44. This represents a 33.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 63,317 shares of company stock valued at $5,361,568 over the last ninety days. Company insiders own 0.64% of the company’s stock.

eBay Profile

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.