W.H. Cornerstone Investments Inc. Buys New Position in eBay Inc. $EBAY

W.H. Cornerstone Investments Inc. purchased a new position in shares of eBay Inc. (NASDAQ:EBAY) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 2,767 shares of the e-commerce company’s stock, valued at approximately $206,000.

A number of other institutional investors have also modified their holdings of EBAY. Cerity Partners LLC raised its stake in shares of eBay by 23.3% during the 1st quarter. Cerity Partners LLC now owns 108,387 shares of the e-commerce company’s stock worth $7,341,000 after buying an additional 20,497 shares during the last quarter. New York State Common Retirement Fund grew its holdings in shares of eBay by 7.4% during the 1st quarter. New York State Common Retirement Fund now owns 350,793 shares of the e-commerce company’s stock worth $23,759,000 after purchasing an additional 24,262 shares during the period. CWM LLC increased its holdings in eBay by 19.9% in the 1st quarter. CWM LLC now owns 24,273 shares of the e-commerce company’s stock valued at $1,644,000 after purchasing an additional 4,030 shares in the last quarter. Edgestream Partners L.P. lifted its position in eBay by 488.9% during the 1st quarter. Edgestream Partners L.P. now owns 31,239 shares of the e-commerce company’s stock worth $2,116,000 after acquiring an additional 25,934 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in shares of eBay by 4.4% during the 1st quarter. Signaturefd LLC now owns 6,912 shares of the e-commerce company’s stock valued at $468,000 after buying an additional 292 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Trading Up 0.2%

EBAY traded up $0.17 during trading on Thursday, reaching $87.96. 480,336 shares of the company’s stock were exchanged, compared to its average volume of 5,668,756. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market capitalization of $39.76 billion, a PE ratio of 19.17, a P/E/G ratio of 2.39 and a beta of 1.29. The company’s fifty day moving average price is $90.53 and its 200-day moving average price is $83.84. eBay Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $101.15.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share 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 analyst estimates of $2.73 billion. eBay had a net margin of 20.37% and a return on equity of 41.45%. The business’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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. As a group, equities analysts forecast that eBay Inc. will post 3.86 EPS for the current year.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be given a $0.29 dividend. 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 payout ratio is presently 25.22%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on EBAY shares. BMO Capital Markets increased their price objective on shares of eBay from $102.00 to $107.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Deutsche Bank Aktiengesellschaft boosted their target price on eBay from $96.00 to $100.00 in a research report on Thursday, October 30th. Evercore ISI increased their target price on eBay from $90.00 to $93.00 and gave the company an “in-line” rating in a report on Thursday, October 30th. Needham & Company LLC boosted their price target on shares of eBay from $95.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Finally, Susquehanna upped their price objective on shares of eBay from $70.00 to $95.00 and gave the stock a “neutral” rating in a report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nineteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $94.69.

Insiders Place Their Bets

In related news, SVP Jordan Douglas Bradle Sweetnam sold 35,305 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $81.54, for a total value of $2,878,769.70. Following the sale, the senior vice president directly owned 2,862 shares of the company’s stock, valued at $233,367.48. This trade represents a 92.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Mazen Rawashdeh sold 1,910 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president owned 3,824 shares of the company’s stock, valued at approximately $341,521.44. This trade represents a 33.31% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 63,317 shares of company stock worth $5,361,568. 0.64% of the stock is currently 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.