Soltis Investment Advisors LLC Purchases New Position in eBay Inc. $EBAY

Soltis Investment Advisors LLC purchased a new stake in eBay Inc. (NASDAQ:EBAY) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,699 shares of the e-commerce company’s stock, valued at approximately $201,000.

Other hedge funds also recently modified their holdings of the company. Princeton Global Asset Management LLC boosted its holdings in shares of eBay by 433.9% in the 2nd 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 in the last quarter. Wealth Preservation Advisors LLC bought a new position in eBay in the 1st quarter valued at $26,000. GFG Capital LLC acquired a new position in eBay in the second quarter worth $28,000. Hantz Financial Services Inc. grew its holdings in shares of eBay by 153.4% during the second quarter. Hantz Financial Services Inc. now owns 451 shares of the e-commerce company’s stock worth $34,000 after purchasing an additional 273 shares during the last quarter. Finally, Private Wealth Asset Management LLC increased its stake in shares of eBay by 1,470.6% in the second quarter. Private Wealth Asset Management LLC now owns 534 shares of the e-commerce company’s stock valued at $40,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Stock Performance

EBAY stock 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 company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.05. The firm has a market cap of $37.88 billion, a PE ratio of 18.22, a P/E/G ratio of 2.39 and a beta of 1.29. The business’s 50-day moving average price is $90.74 and its two-hundred day moving average price is $83.43.

eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.03. eBay had a return on equity of 41.45% and a net margin of 20.37%.The company had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same quarter last year, the firm posted $1.19 earnings per share. eBay’s revenue was up 9.5% compared to the same quarter last year. eBay has set its FY 2025 guidance at 4.090-4.140 EPS. Q4 2025 guidance at 1.310-1.360 EPS. As a group, research analysts forecast that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a $1.16 dividend on an annualized basis and a yield of 1.4%. eBay’s payout ratio is presently 25.22%.

Analyst Ratings Changes

Several brokerages recently issued reports on EBAY. Bank of America upped their price target on shares of eBay from $89.00 to $101.00 and gave the stock a “neutral” rating in a research report on Monday, August 25th. Argus reiterated a “hold” rating on shares of eBay in a research report on Thursday, August 14th. Truist Financial increased their price target on shares of eBay from $86.00 to $92.00 and gave the company a “hold” rating in a research note on Monday, November 3rd. Citigroup reissued a “market outperform” rating on shares of eBay in a report on Thursday, October 30th. Finally, Morgan Stanley upped 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. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eighteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, eBay presently has an average rating of “Hold” and an average target price of $94.38.

Insider Activity at eBay

In other news, SVP Mazen Rawashdeh sold 1,910 shares of the stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $89.31, for a total transaction of $170,582.10. Following the completion of the sale, the senior vice president owned 3,824 shares of the company’s stock, valued at $341,521.44. This represents a 33.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jordan Douglas Bradle Sweetnam sold 35,305 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $81.54, for a total transaction of $2,878,769.70. Following the completion of the sale, the senior vice president directly owned 2,862 shares in the company, valued at $233,367.48. This represents a 92.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 63,317 shares of company stock worth $5,361,568 over the last ninety days. 0.64% of the stock is owned by corporate 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.