OVERSEA CHINESE BANKING Corp Ltd Purchases Shares of 10,606 eBay Inc. $EBAY

OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of eBay Inc. (NASDAQ:EBAY) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,606 shares of the e-commerce company’s stock, valued at approximately $965,000.

Several other hedge funds have also bought and sold shares of EBAY. Verdence Capital Advisors LLC increased its stake in eBay by 71.2% in the second quarter. Verdence Capital Advisors LLC now owns 17,447 shares of the e-commerce company’s stock valued at $1,299,000 after acquiring an additional 7,256 shares during the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC acquired a new stake in shares of eBay in the 3rd quarter valued at $770,000. Teacher Retirement System of Texas boosted its holdings in shares of eBay by 2.0% in the 2nd quarter. Teacher Retirement System of Texas now owns 171,040 shares of the e-commerce company’s stock valued at $12,736,000 after purchasing an additional 3,374 shares in the last quarter. Savant Capital LLC increased its stake in shares of eBay by 19.4% in the 2nd quarter. Savant Capital LLC now owns 24,229 shares of the e-commerce company’s stock valued at $1,804,000 after purchasing an additional 3,933 shares during the last quarter. Finally, Cerity Partners LLC lifted its position in shares of eBay by 13.7% during the 3rd quarter. Cerity Partners LLC now owns 131,693 shares of the e-commerce company’s stock worth $11,977,000 after buying an additional 15,818 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on EBAY shares. BNP Paribas Exane began coverage on eBay in a research report on Monday, November 24th. They issued a “neutral” rating on the stock. Wedbush lifted their price target on shares of eBay from $90.00 to $95.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Arete increased their price objective on shares of eBay from $91.00 to $103.00 and gave the company a “neutral” rating in a research note on Thursday. TD Cowen raised their target price on shares of eBay from $80.00 to $84.00 and gave the company a “hold” rating in a research report on Monday, October 20th. Finally, Evercore ISI upped their price target on shares of eBay from $90.00 to $93.00 and gave the stock an “in-line” rating in a report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty-one have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $95.52.

eBay Stock Up 1.7%

EBAY stock opened at $96.07 on Friday. The stock’s 50 day simple moving average is $85.36 and its 200 day simple moving average is $87.61. The company has a market cap of $43.42 billion, a P/E ratio of 20.88, a price-to-earnings-growth ratio of 2.20 and a beta of 1.35. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.92 and a current ratio of 0.92. eBay Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $101.15.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, October 29th. The e-commerce company reported $1.36 EPS for the quarter, beating the consensus estimate of $1.33 by $0.03. eBay had a return on equity of 41.94% and a net margin of 20.37%.The firm had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the previous year, the company posted $1.19 earnings per share. The company’s quarterly revenue was up 9.5% on a year-over-year basis. eBay has set its FY 2025 guidance at 4.090-4.140 EPS and its Q4 2025 guidance at 1.310-1.360 EPS. On average, research analysts expect that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, November 28th. eBay’s dividend payout ratio (DPR) is 25.22%.

Insider Transactions at eBay

In other news, SVP Jordan Douglas Bradle Sweetnam sold 35,305 shares of eBay stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $81.54, for a total transaction of $2,878,769.70. Following the completion of the transaction, the senior vice president directly owned 2,862 shares in the company, valued at $233,367.48. This trade represents a 92.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Mazen Rawashdeh sold 1,920 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $81.90, for a total transaction of $157,248.00. Following the completion of the sale, the senior vice president owned 5,746 shares in the company, valued at $470,597.40. This represents a 25.05% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 53,675 shares of company stock valued at $4,388,825. Corporate insiders own 0.64% of the company’s stock.

eBay Company Profile

eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price “Buy It Now” transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.

The company’s core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.