Readystate Asset Management LP purchased a new position in shares of eBay Inc. (NASDAQ:EBAY – Free Report) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 66,497 shares of the e-commerce company’s stock, valued at approximately $7,431,000.
Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in eBay during the 2nd quarter worth approximately $4,406,897,000. Invesco Ltd. raised its stake in shares of eBay by 8.3% during the 4th quarter. Invesco Ltd. now owns 9,020,923 shares of the e-commerce company’s stock worth $785,722,000 after buying an additional 692,805 shares in the last quarter. Independent Franchise Partners LLP lifted its holdings in shares of eBay by 5.2% in the 4th quarter. Independent Franchise Partners LLP now owns 7,748,177 shares of the e-commerce company’s stock valued at $674,866,000 after buying an additional 384,570 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of eBay by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 4,901,415 shares of the e-commerce company’s stock valued at $446,042,000 after buying an additional 80,450 shares in the last quarter. Finally, Legal & General Group Plc acquired a new position in eBay during the second quarter worth $506,653,000. Institutional investors and hedge funds own 87.48% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts have commented on EBAY shares. Arete Research reduced their target price on eBay from $113.00 to $111.00 and set a “neutral” rating for the company in a report on Tuesday, May 26th. Jefferies Financial Group set a $145.00 price target on shares of eBay in a research note on Thursday, August 6th. President Capital increased their price target on shares of eBay from $102.00 to $126.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Needham & Company LLC boosted their price objective on shares of eBay from $122.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Barclays lifted their price target on shares of eBay from $114.00 to $123.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $117.24.
Insider Transactions at eBay
In other eBay news, CEO Jamie Iannone sold 11,110 shares of eBay stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $108.55, for a total value of $1,205,990.50. Following the completion of the sale, the chief executive officer directly owned 253,211 shares of the company’s stock, valued at approximately $27,486,054.05. The trade was a 4.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Sweetnam sold 1,014 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $101.39, for a total value of $102,809.46. Following the completion of the transaction, the senior vice president owned 35,546 shares of the company’s stock, valued at $3,604,008.94. This trade represents a 2.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 26,016 shares of company stock worth $2,870,341 over the last ninety days. 0.67% of the stock is currently owned by corporate insiders.
eBay Price Performance
EBAY stock opened at $103.41 on Monday. The stock’s 50 day moving average price is $109.47 and its 200 day moving average price is $103.76. The firm has a market cap of $46.02 billion, a P/E ratio of 21.41, a PEG ratio of 2.75 and a beta of 1.34. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.02 and a current ratio of 1.02. eBay Inc. has a 1 year low of $78.03 and a 1 year high of $119.31.
eBay (NASDAQ:EBAY – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share for the quarter, topping 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 previous year, the firm posted $1.37 earnings per share. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. On average, sell-side analysts expect that eBay Inc. will post 4.86 earnings per share for the current fiscal year.
eBay Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 28th. eBay’s dividend payout ratio (DPR) is currently 25.67%.
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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