eBay Inc. $EBAY Holdings Decreased by ProShare Advisors LLC

ProShare Advisors LLC decreased its stake in eBay Inc. (NASDAQ:EBAY – Free Report) by 19.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,900 shares of the e-commerce company’s stock after selling 27,945 shares during the period. ProShare Advisors LLC’s holdings in eBay were worth $12,185,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of EBAY. BlackRock Inc. acquired a new position in eBay during the second quarter valued at approximately $4,406,897,000. Dimensional Fund Advisors LP increased its position in shares of eBay by 1.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,901,415 shares of the e-commerce company’s stock worth $446,042,000 after purchasing an additional 80,450 shares during the last quarter. Legal & General Group Plc acquired a new position in shares of eBay during the 2nd quarter worth approximately $506,653,000. Amundi increased its position in shares of eBay by 26.4% during the 2nd quarter. Amundi now owns 4,014,323 shares of the e-commerce company’s stock worth $448,601,000 after purchasing an additional 838,057 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of eBay by 0.8% during the 1st quarter. Bank of America Corp DE now owns 3,722,253 shares of the e-commerce company’s stock worth $338,799,000 after purchasing an additional 30,761 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay News Roundup

Here are the key news stories impacting eBay this week:

  • Positive Sentiment: eBay’s Q3 results beat expectations, with adjusted EPS of $1.51 versus $1.41 expected and revenue of $3.21 billion versus $3.12 billion expected. Revenue rose 13.7% year over year, while coverage pointed to broad-based growth and AI investments supporting marketplace momentum. Q3 analysis
  • Positive Sentiment: Two reports said eBay’s price targets were raised, including one to $145 and another to $125, offering a favorable analyst signal. Price target raised to $145 Price target raised to $125
  • Neutral Sentiment: eBay’s “Most Wanted” and muscle-car features promote collectible vehicle listings and could draw interest to the marketplace, but the articles provide no indication of a material financial contribution. Most Wanted cars
  • Neutral Sentiment: A $59.7 million AI supercomputer comprising 300 server racks was reportedly sold through eBay. This appears to be a marketplace transaction, not a sale by eBay itself, and is unlikely to be material to the company’s financial results. AI supercomputer listing
  • Negative Sentiment: Jefferies warned that take-rate pressure and slower advertising growth could weigh on monetization, tempering the positive Q3 growth story. Jefferies warning

eBay Price Performance

NASDAQ:EBAY opened at $118.62 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.16. The stock’s 50 day moving average price is $111.39 and its two-hundred day moving average price is $104.11. The firm has a market capitalization of $52.07 billion, a price-to-earnings ratio of 25.90, a P/E/G ratio of 2.89 and a beta of 1.30. eBay Inc. has a 12-month low of $78.03 and a 12-month high of $124.59.

eBay (NASDAQ:EBAY – Get Free Report) last issued its earnings results on Wednesday, October 28th. The e-commerce company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.41 by $0.10. eBay had a return on equity of 49.20% and a net margin of 16.84%. The company had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.12 billion. During the same period in the previous year, the company posted $1.36 EPS. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. On average, analysts anticipate that eBay Inc. will post 4.75 earnings per share for the current year.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, December 4th. This represents a $1.24 annualized dividend and a yield of 1.0%. eBay’s dividend payout ratio (DPR) is currently 27.07%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on EBAY shares. Rosenblatt Securities increased their price objective on eBay from $132.00 to $137.00 and gave the company a “buy” rating in a report on Thursday, October 29th. Mizuho set a $120.00 target price on shares of eBay in a report on Thursday, October 29th. JPMorgan Chase & Co. boosted their target price on shares of eBay from $107.00 to $125.00 and gave the stock a “neutral” rating in a report on Thursday, October 29th. Barclays lowered shares of eBay from an “overweight” rating to an “underweight” rating in a research report on Thursday, October 29th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of eBay in a research note on Thursday, October 29th. Seventeen investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $123.36.

Read Our Latest Report on eBay

Insiders Place Their Bets

In other news, CEO Jamie Iannone sold 11,110 shares of the stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $107.08, for a total value of $1,189,658.80. Following the transaction, the chief executive officer directly owned 226,269 shares of the company’s stock, valued at $24,228,884.52. This represents a 4.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Sweetnam sold 1,014 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $101.39, for a total transaction of $102,809.46. Following the sale, the senior vice president owned 35,546 shares of the company’s stock, valued at approximately $3,604,008.94. This represents a 2.77% 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. Over the last ninety days, insiders have sold 23,234 shares of company stock valued at $2,429,577. Company insiders own 0.67% of the company’s stock.

eBay Profile

(Free Report)

eBay Inc operates a global online marketplace that connects buyers and sellers. Through its platform, individuals, small businesses and larger retailers can list and purchase new, used and refurbished merchandise across categories such as electronics, apparel, collectibles, automotive parts and accessories, home goods and industrial products. Transactions may take place through auctions or fixed-price listings, with payments, shipping and other seller and buyer services supporting the marketplace experience.

Founded in 1995 as AuctionWeb by Pierre Omidyar, eBay has grown from an online auction site into a broad e-commerce platform.

Further Reading

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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