OP Asset Management Ltd Purchases New Shares in eBay Inc. $EBAY

OP Asset Management Ltd acquired a new position in shares of eBay Inc. (NASDAQ:EBAYFree Report) during the first quarter, HoldingsChannel reports. The fund acquired 45,221 shares of the e-commerce company’s stock, valued at approximately $4,116,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. High Point Wealth Management LLC bought a new position in shares of eBay in the fourth quarter worth about $26,000. Abound Financial LLC bought a new stake in shares of eBay during the fourth quarter valued at approximately $26,000. Jessup Wealth Management Inc bought a new stake in shares of eBay during the fourth quarter valued at approximately $27,000. Beacon Financial Strategies CORP acquired a new stake in shares of eBay in the fourth quarter valued at approximately $28,000. Finally, JFS Wealth Advisors LLC increased its holdings in shares of eBay by 57.4% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insider Activity at eBay

In other eBay news, 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 value of $1,217,544.90. Following the transaction, the chief executive officer owned 280,204 shares of the company’s stock, valued at approximately $30,707,556.36. This represents a 3.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 1,919 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $108.51, for a total value of $208,230.69. Following the transaction, the senior vice president owned 32,124 shares in the company, valued at approximately $3,485,775.24. This trade represents a 5.64% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 98,015 shares of company stock worth $10,749,186. 0.67% of the stock is owned by insiders.

eBay Price Performance

Shares of EBAY stock opened at $108.03 on Friday. eBay Inc. has a 52-week low of $73.18 and a 52-week high of $119.31. The stock has a market cap of $47.96 billion, a PE ratio of 24.50, a PEG ratio of 2.36 and a beta of 1.39. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.22 and a current ratio of 1.22. The firm’s 50 day moving average price is $108.73 and its two-hundred day moving average price is $96.22.

eBay (NASDAQ:EBAYGet Free Report) last issued its earnings results on Wednesday, April 29th. The e-commerce company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.58 by $0.08. The company had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.04 billion. eBay had a net margin of 17.58% and a return on equity of 46.11%. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.38 EPS. eBay has set its Q2 2026 guidance at 1.090-1.140 EPS. As a group, analysts forecast that eBay Inc. will post 4.91 EPS for the current year.

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, May 29th. eBay’s dividend payout ratio is currently 28.12%.

Wall Street Analysts Forecast Growth

EBAY has been the topic of several research reports. Sanford C. Bernstein upped their price objective on eBay from $95.00 to $100.00 and gave the stock a “market perform” rating in a report on Wednesday, May 20th. Weiss Ratings reissued a “buy (b)” rating on shares of eBay in a research note on Friday, June 12th. Morgan Stanley boosted their target price on eBay to $117.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 28th. Needham & Company LLC reaffirmed a “buy” rating and set a $122.00 price target on shares of eBay in a research note on Thursday, April 30th. Finally, Jefferies Financial Group raised their price target on eBay from $60.00 to $65.00 in a report on Thursday, April 30th. Thirteen research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $108.61.

Check Out Our Latest Research Report on eBay

Trending Headlines about eBay

Here are the key news stories impacting eBay this week:

  • Positive Sentiment: GameStop CEO Ryan Cohen’s willingness to forgo a massive pay package to pursue an eBay acquisition has intensified takeover speculation around eBay, which can boost investor interest. Article Title
  • Positive Sentiment: President Capital raised its price target on eBay to $126 from $102 and reiterated a buy rating, signaling confidence in the company’s upside. Article Title
  • Neutral Sentiment: Several additional articles repeated the same takeover storyline, keeping eBay in the news but adding little new information beyond the possible GameStop bid.
  • Neutral Sentiment: A media event at Cannes highlighted eBay’s recommerce theme, but it appears more brand-related than a direct stock-moving catalyst. Article Title

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.

Recommended Stories

Want to see what other hedge funds are holding EBAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eBay Inc. (NASDAQ:EBAYFree Report).

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

Receive News & Ratings for eBay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay and related companies with MarketBeat.com's FREE daily email newsletter.