Beutel Goodman & Co Ltd. Sells 1,086,554 Shares of eBay Inc. $EBAY

Beutel Goodman & Co Ltd. lessened its stake in eBay Inc. (NASDAQ:EBAY) by 15.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 5,973,100 shares of the e-commerce company’s stock after selling 1,086,554 shares during the period. eBay makes up about 2.5% of Beutel Goodman & Co Ltd.’s investment portfolio, making the stock its 6th biggest position. Beutel Goodman & Co Ltd.’s holdings in eBay were worth $444,757,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in EBAY. Procyon Advisors LLC increased its position in shares of eBay by 100.7% during the second quarter. Procyon Advisors LLC now owns 30,789 shares of the e-commerce company’s stock worth $2,293,000 after acquiring an additional 15,449 shares during the period. Teacher Retirement System of Texas raised its holdings in shares of eBay by 2.0% in the 2nd quarter. Teacher Retirement System of Texas now owns 171,040 shares of the e-commerce company’s stock valued at $12,736,000 after purchasing an additional 3,374 shares in the last quarter. Savant Capital LLC lifted its position in shares of eBay by 19.4% during the 2nd quarter. Savant Capital LLC now owns 24,229 shares of the e-commerce company’s stock worth $1,804,000 after purchasing an additional 3,933 shares during the last quarter. Machina Capital S.A.S. acquired a new position in shares of eBay during the second quarter worth $1,626,000. Finally, denkapparat Operations GmbH raised its position in shares of eBay by 112.9% during the 2nd quarter. denkapparat Operations GmbH now owns 8,876 shares of the e-commerce company’s stock worth $661,000 after acquiring an additional 4,706 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insider Buying and Selling

In other news, CEO Jamie Iannone sold 7,221 shares of the business’s stock in a transaction on 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 $19,117,123.48. The trade was a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Cornelius Boone sold 4,439 shares of the stock in a transaction on Thursday, September 18th. The shares were 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 in the company, valued at approximately $8,361,385.76. The trade was a 4.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 57,102 shares of company stock worth $4,777,385. 0.64% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on EBAY shares. Daiwa Capital Markets lowered their target price on shares of eBay from $99.00 to $84.00 and set a “neutral” rating for the company in a report on Wednesday, November 12th. Arete Research raised eBay from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 7th. JMP Securities raised eBay from a “market perform” rating to a “market outperform” rating and set a $115.00 target price on the stock in a report on Friday, October 24th. Robert W. Baird upped their price target on eBay from $89.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, October 13th. Finally, Mizuho assumed coverage on shares of eBay in a research report on Monday, September 29th. They issued a “neutral” rating and a $98.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty-one have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, eBay currently has an average rating of “Hold” and an average target price of $94.69.

eBay Stock Up 0.2%

EBAY stock opened at $82.13 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.06. The company’s 50-day moving average price is $87.57 and its 200 day moving average price is $85.18. eBay Inc. has a 52 week low of $58.71 and a 52 week high of $101.15. The company has a market cap of $37.12 billion, a P/E ratio of 17.85, a P/E/G ratio of 2.07 and a beta of 1.35.

eBay (NASDAQ:EBAY) last posted its quarterly 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 company had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.73 billion. eBay had a net margin of 20.37% and a return on equity of 41.94%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period last year, the firm earned $1.19 EPS. eBay has set its FY 2025 guidance at 4.090-4.140 EPS and its Q4 2025 guidance at 1.310-1.360 EPS. On average, research analysts expect that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be issued a $0.29 dividend. 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 is 25.22%.

eBay 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.