Los Angeles Capital Management LLC Sells 757,832 Shares of eBay Inc. $EBAY

Los Angeles Capital Management LLC lessened its stake in eBay Inc. (NASDAQ:EBAYFree Report) by 60.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 491,330 shares of the e-commerce company’s stock after selling 757,832 shares during the period. Los Angeles Capital Management LLC’s holdings in eBay were worth $41,139,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in EBAY. Guggenheim Capital LLC grew its position in eBay by 7.4% in the 2nd quarter. Guggenheim Capital LLC now owns 14,334 shares of the e-commerce company’s stock worth $1,067,000 after purchasing an additional 988 shares during the period. Jump Financial LLC bought a new stake in eBay in the 2nd quarter worth approximately $275,000. NewEdge Advisors LLC grew its position in eBay by 70.4% in the 2nd quarter. NewEdge Advisors LLC now owns 108,572 shares of the e-commerce company’s stock worth $8,084,000 after purchasing an additional 44,851 shares during the period. Sei Investments Co. grew its position in eBay by 48.7% in the 2nd quarter. Sei Investments Co. now owns 471,543 shares of the e-commerce company’s stock worth $35,111,000 after purchasing an additional 154,465 shares during the period. Finally, Treasurer of the State of North Carolina grew its position in eBay by 26.3% in the 2nd quarter. Treasurer of the State of North Carolina now owns 325,678 shares of the e-commerce company’s stock worth $24,250,000 after purchasing an additional 67,731 shares during the period. Institutional investors own 87.48% of the company’s stock.

Analyst Upgrades and Downgrades

EBAY has been the subject of a number of recent research reports. TD Cowen boosted their price objective on shares of eBay from $87.00 to $88.00 and gave the company a “hold” rating in a research report on Friday, May 1st. BMO Capital Markets boosted their price objective on shares of eBay from $120.00 to $130.00 in a research report on Thursday, April 30th. Rothschild & Co Redburn boosted their price objective on shares of eBay from $100.00 to $115.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Citizens Jmp boosted their price objective on shares of eBay from $115.00 to $120.00 and gave the company a “market outperform” rating in a research report on Friday, May 1st. Finally, Susquehanna boosted their price objective on shares of eBay from $95.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Thirteen research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $107.84.

Get Our Latest Analysis on EBAY

Insider Activity

In related news, CEO Jamie Iannone sold 21,000 shares of eBay stock in a transaction on Monday, April 6th. The shares were sold at an average price of $97.37, for a total transaction of $2,044,770.00. Following the transaction, the chief executive officer owned 352,653 shares in the company, valued at approximately $34,337,822.61. The trade was a 5.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Douglas Bradle Sweetnam sold 12,978 shares of eBay stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $92.44, for a total transaction of $1,199,686.32. Following the transaction, the senior vice president owned 42,948 shares in the company, valued at approximately $3,970,113.12. This trade represents a 23.21% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 136,953 shares of company stock worth $14,139,444 in the last quarter. Corporate insiders own 0.64% of the company’s stock.

eBay Stock Up 0.2%

EBAY opened at $109.35 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.22 and a current ratio of 1.22. eBay Inc. has a fifty-two week low of $72.84 and a fifty-two week high of $119.31. The firm’s fifty day moving average is $104.60 and its 200 day moving average is $93.47. The stock has a market cap of $48.55 billion, a price-to-earnings ratio of 24.80, a price-to-earnings-growth ratio of 2.43 and a beta of 1.39.

eBay (NASDAQ:EBAYGet Free Report) last released its earnings results on Wednesday, April 29th. The e-commerce company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.08. eBay had a net margin of 17.58% and a return on equity of 46.11%. The company had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.04 billion. During the same quarter in the previous year, the company earned $1.38 EPS. eBay’s revenue for the quarter was up 19.5% on a year-over-year basis. eBay has set its Q2 2026 guidance at 1.090-1.140 EPS. On average, sell-side analysts forecast that eBay Inc. will post 4.83 earnings per share for the current fiscal year.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be paid a dividend of $0.31 per share. The ex-dividend date is Friday, May 29th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.1%. eBay’s payout ratio is 28.12%.

eBay Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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