WCM Investment Management LLC acquired a new stake in eBay Inc. (NASDAQ:EBAY – Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,525 shares of the e-commerce company’s stock, valued at approximately $486,000.
A number of other large investors have also modified their holdings of EBAY. Guggenheim Capital LLC increased its stake in shares of eBay by 7.4% in the 2nd quarter. Guggenheim Capital LLC now owns 14,334 shares of the e-commerce company’s stock valued at $1,067,000 after purchasing an additional 988 shares in the last quarter. Jump Financial LLC purchased a new position in eBay during the second quarter worth approximately $275,000. NewEdge Advisors LLC boosted its position in eBay by 70.4% during the second 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 in the last quarter. Sei Investments Co. grew its holdings in eBay by 48.7% in the second quarter. Sei Investments Co. now owns 471,543 shares of the e-commerce company’s stock valued at $35,111,000 after purchasing an additional 154,465 shares during the period. Finally, Treasurer of the State of North Carolina grew its holdings in eBay by 26.3% in the second quarter. Treasurer of the State of North Carolina now owns 325,678 shares of the e-commerce company’s stock valued at $24,250,000 after purchasing an additional 67,731 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.
Key eBay News
Here are the key news stories impacting eBay this week:
- Positive Sentiment: GameStop raised its eBay stake to nearly 10% (about 43.4 million shares), showing strong conviction and increasing the odds of continued strategic pressure on eBay. Article Title
- Positive Sentiment: Some investors may view the rejected bid and renewed buying as a sign that eBay’s shares could attract further takeover or activist interest, potentially supporting the stock. Article Title
- Neutral Sentiment: Multiple reports confirm the same core development: Ryan Cohen and GameStop expanded their eBay position after eBay’s board rejected a roughly $55.5 billion offer at $125 per share as “neither credible nor attractive.” The details reinforce the takeover narrative, but do not add new business fundamentals. Article Title
- Neutral Sentiment: Commentary framing the situation as an activist campaign rather than a straightforward acquisition suggests the story may create volatility, but the ultimate impact on eBay remains uncertain. Article Title
- Negative Sentiment: eBay’s board rejection of the offer signals management is not receptive to the current proposal, which reduces the chance of an immediate deal and may disappoint takeover traders. Article Title
eBay Trading Down 1.0%
eBay (NASDAQ:EBAY – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The e-commerce company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.08. The firm had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.04 billion. eBay had a net margin of 17.58% and a return on equity of 46.11%. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period last year, the firm posted $1.38 earnings per share. eBay has set its Q2 2026 guidance at 1.090-1.140 EPS. Research analysts forecast that eBay Inc. will post 4.87 earnings per share for the current fiscal year.
eBay Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were given a $0.31 dividend. The ex-dividend date was Friday, May 29th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.1%. eBay’s dividend payout ratio is 28.12%.
Insider Activity at eBay
In other eBay news, SVP Jordan Douglas Bradle Sweetnam sold 863 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $109.17, for a total value of $94,213.71. Following the transaction, the senior vice president directly owned 34,533 shares in the company, valued at $3,769,967.61. The trade was a 2.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 11,110 shares of eBay stock in a transaction on Monday, July 6th. The shares were sold at an average price of $113.33, for a total value of $1,259,096.30. Following the completion of the sale, the chief executive officer owned 275,431 shares in the company, valued at $31,214,595.23. This represents a 3.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 76,012 shares of company stock valued at $8,747,852. 0.67% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on EBAY shares. Citizens Jmp upped their target price on eBay from $120.00 to $125.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 14th. Morgan Stanley lifted their price target on shares of eBay to $117.00 and gave the company an “overweight” rating in a research note on Tuesday, April 28th. Cantor Fitzgerald boosted their price target on shares of eBay from $100.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Daiwa Securities Group upped their price objective on shares of eBay from $90.00 to $114.00 in a research report on Monday, May 11th. Finally, UBS Group increased their price objective on shares of eBay from $96.00 to $110.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. Fourteen equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, eBay has a consensus rating of “Hold” and an average price target of $110.52.
View Our Latest Report on eBay
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.
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