L2 Asset Management LLC cut its holdings in eBay Inc. (NASDAQ:EBAY – Free Report) by 14.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,664 shares of the e-commerce company’s stock after selling 9,894 shares during the period. L2 Asset Management LLC’s holdings in eBay were worth $4,935,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Quotient Wealth Partners LLC boosted its position in shares of eBay by 4.5% in the 4th quarter. Quotient Wealth Partners LLC now owns 2,558 shares of the e-commerce company’s stock worth $223,000 after buying an additional 110 shares in the last quarter. Childress Capital Advisors LLC raised its stake in eBay by 3.2% in the 4th quarter. Childress Capital Advisors LLC now owns 3,685 shares of the e-commerce company’s stock valued at $321,000 after purchasing an additional 114 shares during the last quarter. JFS Wealth Advisors LLC raised its stake in eBay by 57.4% in the 4th quarter. JFS Wealth Advisors LLC now owns 318 shares of the e-commerce company’s stock valued at $28,000 after purchasing an additional 116 shares during the last quarter. Harfst & Associates Inc. raised its stake in eBay by 0.6% in the 4th quarter. Harfst & Associates Inc. now owns 22,461 shares of the e-commerce company’s stock valued at $1,956,000 after purchasing an additional 131 shares during the last quarter. Finally, Commerce Bank raised its stake in eBay by 0.5% in the 4th quarter. Commerce Bank now owns 28,313 shares of the e-commerce company’s stock valued at $2,466,000 after purchasing an additional 132 shares during the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
EBAY has been the subject of several analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $122.00 target price on shares of eBay in a research note on Thursday, April 30th. Truist Financial boosted their target price on shares of eBay from $94.00 to $105.00 and gave the company a “hold” rating in a research note on Monday, May 4th. Wells Fargo & Company boosted their target price on shares of eBay from $100.00 to $104.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. Bank of America boosted their target price on shares of eBay from $102.00 to $110.00 and gave the company a “neutral” rating in a research note on Tuesday, April 21st. Finally, Robert W. Baird boosted their target price on shares of eBay from $105.00 to $117.00 in a research note on Thursday, April 30th. Thirteen equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, eBay presently has a consensus rating of “Hold” and a consensus price target of $107.84.
eBay Trading Up 0.5%
NASDAQ EBAY opened at $109.18 on Tuesday. eBay Inc. has a 12 month low of $72.84 and a 12 month high of $119.31. The company has a 50-day moving average of $106.75 and a 200-day moving average of $94.70. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market cap of $48.48 billion, a P/E ratio of 24.76, a P/E/G ratio of 2.42 and a beta of 1.39.
eBay (NASDAQ:EBAY – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The e-commerce company reported $1.66 EPS 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 during the quarter, compared to the consensus estimate of $3.04 billion. During the same quarter in the prior year, the company posted $1.38 EPS. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. eBay has set its Q2 2026 guidance at 1.090-1.140 EPS. As a group, equities analysts predict that eBay Inc. will post 4.83 earnings per share for the current year.
eBay Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were issued a $0.31 dividend. The ex-dividend date was Friday, May 29th. This represents a $1.24 annualized dividend and a yield of 1.1%. eBay’s dividend payout ratio (DPR) is presently 28.12%.
Insider Buying and Selling at eBay
In related news, SVP Mazen Rawashdeh sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $117.04, for a total value of $5,852,000.00. Following the transaction, the senior vice president owned 29,217 shares in the company, valued at approximately $3,419,557.68. This trade represents a 63.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Cornelius Boone sold 16,685 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $92.44, for a total transaction of $1,542,361.40. Following the completion of the transaction, the senior vice president owned 94,479 shares in the company, valued at $8,733,638.76. The trade was a 15.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 124,896 shares of company stock worth $13,188,789. 0.67% of the stock is currently owned by corporate insiders.
eBay 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.
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