Blueshift Asset Management LLC Has $1.71 Million Holdings in eBay Inc. $EBAY

Blueshift Asset Management LLC grew its holdings in eBay Inc. (NASDAQ:EBAY) by 298.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,980 shares of the e-commerce company’s stock after purchasing an additional 17,210 shares during the quarter. Blueshift Asset Management LLC’s holdings in eBay were worth $1,711,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Princeton Global Asset Management LLC lifted its holdings in eBay by 433.9% in the second quarter. Princeton Global Asset Management LLC now owns 331 shares of the e-commerce company’s stock valued at $25,000 after buying an additional 269 shares during the period. Wealth Preservation Advisors LLC bought a new stake in shares of eBay during the 1st quarter valued at $26,000. GFG Capital LLC acquired a new position in shares of eBay in the 2nd quarter valued at $28,000. Sumitomo Mitsui Financial Group Inc. boosted its position in shares of eBay by 155.3% in the 2nd quarter. Sumitomo Mitsui Financial Group Inc. now owns 411 shares of the e-commerce company’s stock worth $30,000 after purchasing an additional 250 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its stake in shares of eBay by 153.4% during 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 during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Price Performance

Shares of NASDAQ EBAY opened at $82.73 on Tuesday. The company has a fifty day moving average price of $88.18 and a 200 day moving average price of $85.15. The firm has a market cap of $37.39 billion, a PE ratio of 17.98, 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.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.03. The company had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.73 billion. eBay had a return on equity of 41.45% and a net margin of 20.37%.The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the company posted $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. Research analysts predict that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on EBAY. Jefferies Financial Group increased their target price on eBay from $60.00 to $65.00 and gave the company an “underperform” rating in a research note on Friday, October 17th. The Goldman Sachs Group increased their price target 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. UBS Group set a $95.00 price objective on shares of eBay in a research note on Thursday, October 30th. BNP Paribas Exane started coverage on shares of eBay in a research note on Monday, November 24th. They issued a “neutral” rating for the company. Finally, Truist Financial lifted their price target on shares of eBay from $86.00 to $92.00 and gave the stock a “hold” rating in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty-one have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $94.69.

Insider Buying and Selling at eBay

In other news, SVP Mazen Rawashdeh sold 1,910 shares of the business’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $89.31, for a total value of $170,582.10. Following the sale, the senior vice president owned 3,824 shares of the company’s stock, valued at $341,521.44. The trade was a 33.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jamie Iannone sold 7,221 shares of the stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $81.08, for a total transaction of $585,478.68. Following the transaction, the chief executive officer owned 235,781 shares of the company’s stock, valued at $19,117,123.48. The trade was a 2.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 64,323 shares of company stock valued at $5,444,100 over the last ninety days. 0.64% of the stock is currently owned by company insiders.

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.