AlphaCore Capital LLC Has $89,000 Stock Holdings in eBay Inc. $EBAY

AlphaCore Capital LLC lifted its stake in shares of eBay Inc. (NASDAQ:EBAY) by 304.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,200 shares of the e-commerce company’s stock after buying an additional 903 shares during the quarter. AlphaCore Capital LLC’s holdings in eBay were worth $89,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of EBAY. Princeton Global Asset Management LLC lifted its position in shares of eBay by 433.9% during the 2nd quarter. Princeton Global Asset Management LLC now owns 331 shares of the e-commerce company’s stock valued at $25,000 after acquiring an additional 269 shares during the period. Wealth Preservation Advisors LLC bought a new stake in shares of eBay during the first quarter worth about $26,000. GFG Capital LLC bought a new position in shares of eBay during the second quarter valued at $28,000. Hantz Financial Services Inc. increased its stake in shares of eBay by 153.4% in the second quarter. Hantz Financial Services Inc. now owns 451 shares of the e-commerce company’s stock valued at $34,000 after buying an additional 273 shares during the period. Finally, Private Wealth Asset Management LLC boosted its stake in shares of eBay by 1,470.6% in the 2nd quarter. Private Wealth Asset Management LLC now owns 534 shares of the e-commerce company’s stock valued at $40,000 after purchasing an additional 500 shares during the last quarter. Institutional investors own 87.48% of the company’s stock.

Insider Buying and Selling at eBay

In other news, SVP Jordan Douglas Bradle Sweetnam sold 35,305 shares of the firm’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $81.54, for a total transaction of $2,878,769.70. Following the sale, the senior vice president directly owned 2,862 shares in the company, valued at $233,367.48. This trade represents a 92.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jamie Iannone sold 7,221 shares of the company’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $81.08, for a total value of $585,478.68. Following the completion of the transaction, the chief executive officer directly owned 235,781 shares of the company’s stock, valued at approximately $19,117,123.48. This trade represents a 2.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 64,323 shares of company stock valued at $5,444,100 over the last three months. Insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Citizens Jmp upgraded eBay from a “market perform” rating to an “outperform” rating and set a $115.00 price target on the stock in a report on Friday, October 24th. TD Cowen lifted their target price on shares of eBay from $80.00 to $84.00 and gave the stock a “hold” rating in a research report on Monday, October 20th. Morgan Stanley increased their target price on shares of eBay from $89.00 to $102.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Wedbush boosted their price target on shares of eBay from $90.00 to $95.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Finally, The Goldman Sachs Group raised their price objective on shares of eBay from $72.00 to $78.00 and gave the company a “sell” rating in a research report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty-one have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $94.69.

eBay Trading Down 0.4%

EBAY opened at $82.49 on Thursday. 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 business has a 50 day moving average of $88.64 and a 200-day moving average of $84.76. The stock has a market cap of $37.29 billion, a PE ratio of 17.93, a PEG ratio of 2.39 and a beta of 1.29. eBay Inc. has a 52 week low of $58.71 and a 52 week high of $101.15.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data 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 business had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.73 billion. eBay had a return on equity of 41.45% and a net margin of 20.37%.The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.19 earnings per share. eBay has set its FY 2025 guidance at 4.090-4.140 EPS. Q4 2025 guidance at 1.310-1.360 EPS. Equities research analysts predict that eBay Inc. will post 3.86 earnings per share for the current fiscal 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 given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, November 28th. eBay’s dividend payout ratio (DPR) 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.