Liontrust Investment Partners LLP trimmed its position in eBay Inc. (NASDAQ:EBAY – Free Report) by 23.8% during the 1st quarter, Holdings Channel reports. The institutional investor owned 324,135 shares of the e-commerce company’s stock after selling 101,280 shares during the period. Liontrust Investment Partners LLP’s holdings in eBay were worth $29,503,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cedar Mountain Advisors LLC boosted its position in eBay by 128.9% during the 1st quarter. Cedar Mountain Advisors LLC now owns 277 shares of the e-commerce company’s stock valued at $25,000 after buying an additional 156 shares during the period. High Point Wealth Management LLC bought a new position in shares of eBay during the fourth quarter valued at about $26,000. Abound Financial LLC bought a new position in shares of eBay during the fourth quarter valued at about $26,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of eBay during the first quarter worth about $26,000. Finally, Jessup Wealth Management Inc purchased a new stake in shares of eBay during the fourth quarter worth about $27,000. 87.48% of the stock is currently owned by institutional investors.
eBay Price Performance
EBAY stock opened at $113.52 on Friday. The firm has a 50-day moving average of $111.41 and a 200 day moving average of $100.94. 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 $50.40 billion, a P/E ratio of 25.74, a PEG ratio of 2.53 and a beta of 1.37. eBay Inc. has a 1 year low of $78.03 and a 1 year high of $119.31.
Key Stories Impacting eBay
Here are the key news stories impacting eBay this week:
- Positive Sentiment: Depop acquisition completed: eBay finalized its purchase of the fashion-resale marketplace from Etsy for approximately $1.4 billion in cash. Depop expands eBay’s presence among younger shoppers and in secondhand fashion, potentially supporting long-term marketplace growth. Etsy Completes Sale of Depop
- Neutral Sentiment: Upcoming earnings in focus: Analysts expect eBay to report year-over-year earnings growth, following the company’s recent quarterly results that exceeded consensus expectations for both earnings and revenue. However, Zacks said eBay lacks the combination of indicators typically associated with a likely earnings beat, creating uncertainty ahead of the report. eBay Reports Next Week
- Negative Sentiment: Nearly $56 million harassment settlement: eBay and several former executives agreed to settle a cyberstalking and harassment lawsuit brought by Massachusetts journalists David and Ina Steiner. The campaign involved disturbing anonymous deliveries and threats, including live insects and a bloody pig mask. Reports cite total settlement payments of about $55.7 million, including approximately $48.7 million in direct compensation. The cash cost, reputational damage and renewed scrutiny of past management conduct are weighing on sentiment. eBay Settlement With Massachusetts Couple
Wall Street Analyst Weigh In
EBAY has been the topic of a number of research analyst reports. Piper Sandler restated an “overweight” rating and set a $115.00 price target (up from $105.00) on shares of eBay in a report on Thursday, April 30th. Evercore set a $96.00 price objective on eBay in a research report on Thursday, April 30th. Citigroup reissued an “outperform” rating on shares of eBay in a research note on Tuesday, July 14th. BNP Paribas Exane upped their target price on eBay from $97.00 to $110.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Finally, Stifel Nicolaus set a $98.00 price target on eBay in a research note on Thursday, April 30th. Fourteen research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $110.52.
Check Out Our Latest Stock Report on eBay
Insider Activity
In related news, CEO Jamie Iannone sold 11,110 shares of eBay stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $113.33, for a total transaction of $1,259,096.30. Following the sale, the chief executive officer directly owned 275,431 shares in the company, valued at $31,214,595.23. The trade was a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Douglas Bradle Sweetnam sold 1,010 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $115.61, for a total value of $116,766.10. Following the completion of the sale, the senior vice president directly owned 32,146 shares in the company, valued at approximately $3,716,399.06. The trade was a 3.05% 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 76,012 shares of company stock worth $8,747,852 in the last quarter. 0.67% of the stock is owned by company insiders.
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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