Jupiter Asset Management Ltd. Sells 597,973 Shares of eBay Inc. $EBAY

Jupiter Asset Management Ltd. lowered its stake in shares of eBay Inc. (NASDAQ:EBAY) by 69.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 265,064 shares of the e-commerce company’s stock after selling 597,973 shares during the period. Jupiter Asset Management Ltd. owned 0.06% of eBay worth $19,737,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in EBAY. Independent Franchise Partners LLP grew its holdings in eBay by 4.6% during the 1st quarter. Independent Franchise Partners LLP now owns 11,689,267 shares of the e-commerce company’s stock valued at $791,714,000 after buying an additional 510,629 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of eBay by 5.6% in the second quarter. Nordea Investment Management AB now owns 9,085,603 shares of the e-commerce company’s stock valued at $674,061,000 after acquiring an additional 478,410 shares during the period. Invesco Ltd. grew its stake in eBay by 8.0% during the first quarter. Invesco Ltd. now owns 8,441,396 shares of the e-commerce company’s stock valued at $571,736,000 after acquiring an additional 627,823 shares in the last quarter. Northern Trust Corp increased its holdings in eBay by 4.4% during the 1st quarter. Northern Trust Corp now owns 7,109,481 shares of the e-commerce company’s stock worth $481,525,000 after acquiring an additional 300,216 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in eBay by 5.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,157,105 shares of the e-commerce company’s stock worth $417,021,000 after purchasing an additional 322,910 shares in the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. TD Cowen upped their price target on shares of eBay from $80.00 to $84.00 and gave the stock a “hold” rating in a report on Monday, October 20th. Rothschild & Co Redburn dropped their target price on shares of eBay from $95.00 to $90.00 in a research report on Friday, November 7th. Cowen restated a “hold” rating on shares of eBay in a research report on Monday, October 20th. Wall Street Zen cut eBay from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. Finally, Bank of America increased their price target on shares of eBay from $89.00 to $101.00 and gave the company a “neutral” rating in a research report on Monday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nineteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $94.69.

eBay Stock Up 0.6%

Shares of NASDAQ EBAY opened at $87.79 on Thursday. The firm’s fifty day moving average is $90.53 and its 200 day moving average is $83.84. eBay Inc. has a 52 week low of $58.71 and a 52 week high of $101.15. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.05. The company has a market cap of $39.68 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 2.39 and a beta of 1.29.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.03. The firm had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.73 billion. eBay had a net margin of 20.37% and a return on equity of 41.45%. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company 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, equities research analysts expect that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, November 28th. eBay’s dividend payout ratio is currently 25.22%.

Insider Activity at eBay

In other news, SVP Mazen Rawashdeh sold 1,910 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $89.31, for a total value 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 trade represents a 33.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jamie Iannone sold 7,221 shares of the firm’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $81.08, for a total value of $585,478.68. Following the transaction, the chief executive officer directly owned 235,781 shares of the company’s stock, valued at $19,117,123.48. This represents a 2.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 63,317 shares of company stock valued at $5,361,568 in the last 90 days. 0.64% of the stock is owned by company insiders.

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.