Marvin & Palmer Associates Inc. Has $3.39 Million Stock Holdings in eBay Inc. $EBAY

Marvin & Palmer Associates Inc. lifted its position in eBay Inc. (NASDAQ:EBAY) by 4.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 45,517 shares of the e-commerce company’s stock after purchasing an additional 1,842 shares during the period. eBay makes up about 2.9% of Marvin & Palmer Associates Inc.’s holdings, making the stock its 15th largest holding. Marvin & Palmer Associates Inc.’s holdings in eBay were worth $3,389,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Princeton Global Asset Management LLC increased its holdings in shares of eBay by 433.9% during the 2nd quarter. Princeton Global Asset Management LLC now owns 331 shares of the e-commerce company’s stock worth $25,000 after purchasing an additional 269 shares during the period. Wealth Preservation Advisors LLC bought a new position in eBay during the first quarter valued at about $26,000. GFG Capital LLC acquired a new position in eBay in the 2nd quarter valued at approximately $28,000. Hantz Financial Services Inc. lifted its position in shares of eBay by 153.4% in the 2nd quarter. Hantz Financial Services Inc. now owns 451 shares of the e-commerce company’s stock worth $34,000 after acquiring an additional 273 shares during the period. Finally, Private Wealth Asset Management LLC increased its position in shares of eBay by 1,470.6% during the second quarter. Private Wealth Asset Management LLC now owns 534 shares of the e-commerce company’s stock valued at $40,000 after purchasing an additional 500 shares during the period. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EBAY has been the topic of a number of recent research reports. UBS Group set a $95.00 price target on shares of eBay in a research note on Thursday, October 30th. Daiwa Capital Markets reduced their target price on eBay from $99.00 to $84.00 and set a “neutral” rating on the stock in a report on Wednesday, November 12th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of eBay in a research report on Thursday, November 13th. Truist Financial boosted their price objective on eBay from $86.00 to $92.00 and gave the company a “hold” rating in a research report on Monday, November 3rd. Finally, Barclays raised their target price on shares of eBay from $92.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nineteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, eBay currently has an average rating of “Hold” and a consensus target price of $94.69.

eBay Stock Performance

Shares of NASDAQ EBAY opened at $80.05 on Friday. 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 stock has a 50 day moving average price of $89.30 and a 200 day moving average price of $84.34. The stock has a market capitalization of $36.18 billion, a PE ratio of 17.40, a price-to-earnings-growth ratio of 2.39 and a beta of 1.29. eBay Inc. has a 52 week low of $58.71 and a 52 week high of $101.15.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share (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 analysts’ expectations of $2.73 billion. During the same quarter in the prior year, the business posted $1.19 EPS. The business’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. Analysts predict that eBay Inc. will post 3.86 earnings per share for the current fiscal 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. The ex-dividend date of this dividend is Friday, November 28th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.4%. eBay’s payout ratio is presently 25.22%.

Insiders Place Their Bets

In other news, SVP Jordan Douglas Bradle Sweetnam sold 1,006 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $82.04, for a total transaction of $82,532.24. Following the completion of the sale, the senior vice president owned 3,868 shares in the company, valued at approximately $317,330.72. This trade represents a 20.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Cornelius Boone sold 4,439 shares of the company’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 transaction, the senior vice president directly owned 93,392 shares in the company, 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. Insiders have sold a total of 64,323 shares of company stock worth $5,444,100 in the last quarter. 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.