Harfst & Associates Inc. Raises Holdings in eBay Inc. $EBAY

Harfst & Associates Inc. increased its position in eBay Inc. (NASDAQ:EBAY) by 108.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 22,284 shares of the e-commerce company’s stock after acquiring an additional 11,585 shares during the quarter. Harfst & Associates Inc.’s holdings in eBay were worth $1,659,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Independent Franchise Partners LLP raised its stake in shares of 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 purchasing an additional 510,629 shares during the period. Nordea Investment Management AB increased its position in shares of eBay by 5.6% during 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 buying an additional 478,410 shares during the period. Invesco Ltd. lifted its holdings in shares of eBay by 8.0% in the first quarter. Invesco Ltd. now owns 8,441,396 shares of the e-commerce company’s stock worth $571,736,000 after buying an additional 627,823 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of eBay by 4.4% in the first quarter. Northern Trust Corp now owns 7,109,481 shares of the e-commerce company’s stock worth $481,525,000 after buying an additional 300,216 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of eBay by 5.5% in the first 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 valued at $417,021,000 after acquiring an additional 322,910 shares during the period. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Stock Performance

NASDAQ:EBAY opened at $82.49 on Thursday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.00 and a current ratio of 1.00. eBay Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $101.15. The firm has a market cap of $37.29 billion, a PE ratio of 17.93, a price-to-earnings-growth ratio of 2.39 and a beta of 1.29. The business has a 50 day moving average price of $88.64 and a 200-day moving average price of $84.76.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.03. The company had revenue of $2.82 billion during 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 firm’s revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.19 EPS. eBay has set its FY 2025 guidance at 4.090-4.140 EPS. Q4 2025 guidance at 1.310-1.360 EPS. Equities research analysts predict that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. President Capital raised eBay from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $74.00 to $103.00 in a research note on Friday, September 19th. BMO Capital Markets raised their target price on shares of eBay from $102.00 to $107.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. JMP Securities raised shares of eBay from a “market perform” rating to a “market outperform” rating and set a $115.00 price target on the stock in a report on Friday, October 24th. Jefferies Financial Group lifted their price objective on shares of eBay from $60.00 to $65.00 and gave the stock an “underperform” rating in a report on Friday, October 17th. Finally, Susquehanna raised their price target on eBay from $70.00 to $95.00 and gave the company a “neutral” rating in a research report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty-one have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $94.69.

Insider Activity at eBay

In related news, SVP Mazen Rawashdeh sold 1,910 shares of the company’s stock in a transaction 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 sale, the senior vice president directly 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Jordan Douglas Bradle Sweetnam sold 35,305 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the senior vice president directly owned 2,862 shares in the company, valued at approximately $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 sold 64,323 shares of company stock valued at $5,444,100 in the last three months. Corporate 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.