Kiltearn Partners LLP Sells 14,200 Shares of eBay Inc. $EBAY

Kiltearn Partners LLP lessened its stake in eBay Inc. (NASDAQ:EBAY) by 7.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 171,994 shares of the e-commerce company’s stock after selling 14,200 shares during the quarter. eBay makes up about 2.6% of Kiltearn Partners LLP’s investment portfolio, making the stock its 16th largest position. Kiltearn Partners LLP’s holdings in eBay were worth $12,807,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Princeton Global Asset Management LLC lifted its stake in 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 purchasing an additional 269 shares in the last quarter. Wealth Preservation Advisors LLC bought a new stake in shares of eBay in the first quarter worth about $26,000. GFG Capital LLC purchased a new stake in shares of eBay in the second quarter worth about $28,000. Hantz Financial Services Inc. lifted its position in shares of eBay by 153.4% in the second quarter. Hantz Financial Services Inc. now owns 451 shares of the e-commerce company’s stock worth $34,000 after buying an additional 273 shares in the last quarter. Finally, Private Wealth Asset Management LLC boosted its stake in 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 buying an additional 500 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors.

Insider Activity at eBay

In other eBay news, CEO Jamie Iannone sold 7,221 shares of the firm’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $81.08, for a total transaction of $585,478.68. Following the transaction, the chief executive officer directly owned 235,781 shares in the company, valued at $19,117,123.48. This trade represents a 2.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Cornelius Boone sold 4,439 shares of the firm’s stock in a transaction 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 transaction, the senior vice president owned 93,392 shares in the company, valued at approximately $8,361,385.76. This represents a 4.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 64,323 shares of company stock worth $5,444,100. Insiders own 0.64% of the company’s stock.

Analyst Upgrades and Downgrades

EBAY has been the topic of a number of research reports. UBS Group set a $95.00 price objective on eBay in a research note on Thursday, October 30th. Cowen reissued a “hold” rating on shares of eBay in a research note on Monday, October 20th. Arete upgraded eBay from a “sell” rating to a “neutral” rating and set a $91.00 price objective on the stock in a research report on Thursday, August 7th. Evercore ISI raised their price objective on eBay from $90.00 to $93.00 and gave the company an “in-line” rating in a research note on Thursday, October 30th. Finally, Argus reissued a “hold” rating on shares of eBay in a research report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty-one have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $94.69.

eBay Price Performance

EBAY opened at $82.49 on Thursday. eBay Inc. has a 52-week low of $58.71 and a 52-week high of $101.15. The stock has a market cap of $37.29 billion, a P/E ratio of 17.93, a PEG ratio of 2.39 and a beta of 1.29. The business has a fifty day moving average of $88.64 and a 200 day moving average of $84.76. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.05.

eBay (NASDAQ:EBAY) last issued its earnings results 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 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 business’s revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm 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. As a group, sell-side analysts anticipate that eBay Inc. will post 3.86 EPS for the current year.

eBay Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be given 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 dividend payout ratio (DPR) is 25.22%.

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.