RHS Financial LLC Takes Position in eBay Inc. $EBAY

RHS Financial LLC purchased a new stake in eBay Inc. (NASDAQ:EBAYFree Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,791 shares of the e-commerce company’s stock, valued at approximately $647,000.

A number of other hedge funds have also bought and sold shares of the business. BlackRock Inc. bought a new stake in eBay in the 2nd quarter valued at about $4,406,897,000. Bank of New York Mellon Corp acquired a new position in shares of eBay during the 2nd quarter worth approximately $282,479,000. Altshuler Shaham Ltd increased its holdings in shares of eBay by 4,452,655.3% during the fourth quarter. Altshuler Shaham Ltd now owns 2,092,795 shares of the e-commerce company’s stock worth $182,282,000 after purchasing an additional 2,092,748 shares during the period. Deutsche Bank AG bought a new position in shares of eBay during the second quarter worth approximately $222,680,000. Finally, Alyeska Investment Group L.P. raised its position in shares of eBay by 214.6% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,858,383 shares of the e-commerce company’s stock valued at $161,865,000 after buying an additional 1,267,601 shares in the last quarter. 87.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on EBAY shares. Truist Financial boosted their price target on eBay from $105.00 to $115.00 and gave the company a “hold” rating in a research note on Thursday, August 6th. Rothschild & Co Redburn raised their price objective on eBay from $100.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. Piper Sandler reaffirmed an “overweight” rating and issued a $133.00 price objective (up from $115.00) on shares of eBay in a report on Thursday, August 6th. Sanford C. Bernstein reiterated a “market perform” rating and set a $115.00 target price on shares of eBay in a research report on Monday, August 3rd. Finally, Citizens Jmp lowered eBay from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 4th. Fourteen equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $117.09.

View Our Latest Research Report on EBAY

Insiders Place Their Bets

In other eBay news, SVP Mazen Rawashdeh sold 50,000 shares of the firm’s stock in a transaction 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 completion of the sale, the senior vice president directly 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 document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 11,110 shares of the stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $109.59, for a total transaction of $1,217,544.90. Following the transaction, the chief executive officer directly owned 280,204 shares in the company, valued at $30,707,556.36. This trade represents a 3.81% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 86,112 shares of company stock worth $9,837,076. 0.67% of the stock is currently owned by insiders.

eBay Trading Up 1.3%

Shares of eBay stock opened at $102.27 on Wednesday. The firm’s 50 day moving average is $110.39 and its 200 day moving average is $102.15. The firm has a market capitalization of $45.51 billion, a PE ratio of 21.17, a price-to-earnings-growth ratio of 2.49 and a beta of 1.37. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.10. eBay Inc. has a 1 year low of $78.03 and a 1 year high of $119.31.

eBay (NASDAQ:EBAYGet Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.10. eBay had a return on equity of 47.88% and a net margin of 18.50%.The company had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same period in the prior year, the company earned $1.37 EPS. eBay’s revenue was up 14.8% compared to the same quarter last year. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. Equities research analysts forecast that eBay Inc. will post 4.87 earnings per share for the current fiscal year.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, August 28th. eBay’s dividend payout ratio is presently 25.67%.

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.

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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