Acadian Asset Management LLC Buys 86,835 Shares of eBay Inc. $EBAY

Acadian Asset Management LLC boosted its stake in shares of eBay Inc. (NASDAQ:EBAY) by 4.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,091,976 shares of the e-commerce company’s stock after acquiring an additional 86,835 shares during the quarter. Acadian Asset Management LLC’s holdings in eBay were worth $155,731,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Princeton Global Asset Management LLC grew its holdings in shares of eBay by 433.9% in the 2nd quarter. Princeton Global Asset Management LLC now owns 331 shares of the e-commerce company’s stock worth $25,000 after purchasing an additional 269 shares during the last quarter. Wealth Preservation Advisors LLC bought a new position in eBay in the 1st quarter valued at $26,000. GFG Capital LLC bought a new position in eBay in the 2nd quarter valued at $28,000. Hantz Financial Services Inc. boosted its stake in eBay by 153.4% in the second quarter. Hantz Financial Services Inc. now owns 451 shares of the e-commerce company’s stock worth $34,000 after purchasing an additional 273 shares in the last quarter. Finally, Private Wealth Asset Management LLC boosted its stake in eBay by 1,470.6% in the second quarter. Private Wealth Asset Management LLC now owns 534 shares of the e-commerce company’s stock worth $40,000 after purchasing an additional 500 shares in the last quarter. 87.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on EBAY shares. Wells Fargo & Company raised their target price on eBay from $89.00 to $96.00 and gave the company an “equal weight” rating in a research note on Thursday, October 30th. BMO Capital Markets raised their price objective on shares of eBay from $102.00 to $107.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. JMP Securities raised shares of eBay from a “market perform” rating to a “market outperform” rating and set a $115.00 target price for the company in a research note on Friday, October 24th. Argus reiterated a “hold” rating on shares of eBay in a research report on Thursday, August 14th. Finally, Cowen reissued a “hold” rating on shares of eBay in a research note on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eighteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $94.38.

Insider Buying and Selling

In other news, SVP Mazen Rawashdeh sold 1,910 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $89.31, for a total value of $170,582.10. Following the transaction, the senior vice president owned 3,824 shares of the company’s stock, valued at $341,521.44. This represents a 33.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Cornelius Boone sold 4,439 shares of eBay stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $89.53, for a total value of $397,423.67. Following the sale, the senior vice president directly owned 93,392 shares of the company’s stock, valued at approximately $8,361,385.76. This trade represents a 4.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 63,317 shares of company stock worth $5,361,568. Company insiders own 0.64% of the company’s stock.

eBay Stock Performance

eBay stock opened at $83.80 on Friday. The company has a market cap of $37.88 billion, a PE ratio of 18.22, a PEG ratio of 2.39 and a beta of 1.29. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.05. eBay Inc. has a 1 year low of $58.71 and a 1 year high of $101.15. The company’s 50-day moving average is $90.74 and its two-hundred day moving average is $83.43.

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

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, November 28th. This represents a $1.16 annualized dividend and a dividend yield of 1.4%. eBay’s payout ratio is presently 25.22%.

eBay Company Profile

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.