eBay Inc. $EBAY Shares Sold by AlphaQuest LLC

AlphaQuest LLC reduced its stake in shares of eBay Inc. (NASDAQ:EBAY) by 3.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,534 shares of the e-commerce company’s stock after selling 169 shares during the period. AlphaQuest LLC’s holdings in eBay were worth $338,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC grew its holdings in eBay by 29.2% during the 2nd quarter. Catalyst Capital Advisors LLC now owns 1,360 shares of the e-commerce company’s stock worth $101,000 after acquiring an additional 307 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in eBay by 96,250.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,927 shares of the e-commerce company’s stock worth $143,000 after acquiring an additional 1,925 shares in the last quarter. 180 Wealth Advisors LLC grew its holdings in eBay by 1.0% during the 2nd quarter. 180 Wealth Advisors LLC now owns 44,905 shares of the e-commerce company’s stock worth $3,344,000 after acquiring an additional 446 shares in the last quarter. Smith Group Asset Management LLC grew its holdings in eBay by 1.7% during the 2nd quarter. Smith Group Asset Management LLC now owns 390,844 shares of the e-commerce company’s stock worth $29,102,000 after acquiring an additional 6,382 shares in the last quarter. Finally, Caliber Wealth Management LLC KS acquired a new position in eBay during the 2nd quarter worth $201,000. 87.48% of the stock is owned by institutional investors and hedge funds.

Insider Activity at eBay

In other eBay news, CEO Jamie Iannone sold 7,221 shares of the business’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $91.76, for a total transaction of $662,598.96. Following the sale, the chief executive officer directly owned 250,223 shares in the company, valued at approximately $22,960,462.48. The trade was a 2.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Julie A. Loeger sold 75,952 shares of the business’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $93.25, for a total transaction of $7,082,524.00. Following the sale, the senior vice president owned 53,107 shares in the company, valued at $4,952,227.75. This trade represents a 58.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 96,743 shares of company stock valued at $8,979,844 over the last quarter. Corporate insiders own 0.64% of the company’s stock.

Wall Street Analysts Forecast Growth

EBAY has been the subject of several recent analyst reports. Morgan Stanley raised their price objective on shares of eBay from $89.00 to $102.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Citizens Jmp raised shares of eBay from a “market perform” rating to an “outperform” rating and set a $115.00 price target for the company in a report on Friday, October 24th. Robert W. Baird lifted their price target on shares of eBay from $89.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, October 13th. Barclays lifted their price target on shares of eBay from $92.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Wall Street Zen lowered shares of eBay from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eighteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $92.87.

eBay Trading Down 15.9%

eBay stock opened at $83.73 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.05. The firm has a 50-day moving average price of $92.30 and a two-hundred day moving average price of $82.65. The firm has a market capitalization of $38.26 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 2.39 and a beta of 1.31. eBay Inc. has a 52-week low of $56.33 and a 52-week high of $101.15.

eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.03. The firm had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.73 billion. eBay had a net margin of 20.37% and a return on equity of 41.45%. eBay’s revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.19 EPS. eBay has set its FY 2025 guidance at 4.090-4.140 EPS. Q4 2025 guidance at 1.310-1.360 EPS. Sell-side analysts expect that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, November 28th. eBay’s payout ratio is presently 25.55%.

About eBay

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company’s marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.