Ascent Group LLC Sells 18,443 Shares of eBay Inc. $EBAY

Ascent Group LLC reduced its stake in eBay Inc. (NASDAQ:EBAY) by 53.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,775 shares of the e-commerce company’s stock after selling 18,443 shares during the quarter. Ascent Group LLC’s holdings in eBay were worth $1,435,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of EBAY. Princeton Global Asset Management LLC raised its position 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 worth $25,000 after acquiring an additional 269 shares during the period. GFG Capital LLC bought a new stake in eBay during the 2nd quarter worth approximately $28,000. Sumitomo Mitsui Financial Group Inc. boosted its stake in eBay by 155.3% during the second quarter. Sumitomo Mitsui Financial Group Inc. now owns 411 shares of the e-commerce company’s stock valued at $30,000 after buying an additional 250 shares during the period. Hantz Financial Services Inc. raised 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 valued at $34,000 after purchasing an additional 273 shares in the last quarter. Finally, Private Wealth Asset Management LLC increased 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 valued at $40,000 after acquiring an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Stock Performance

Shares of EBAY opened at $87.10 on Friday. The stock has a market capitalization of $39.37 billion, a PE ratio of 18.93, a P/E/G ratio of 2.19 and a beta of 1.35. eBay Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $101.15. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.92 and a current ratio of 0.92. The company’s fifty day moving average is $84.69 and its 200 day moving average is $86.51.

eBay (NASDAQ:EBAY) last issued 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 for the quarter, compared to the consensus estimate of $2.73 billion. eBay had a return on equity of 41.94% 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 prior year, the business posted $1.19 earnings per share. eBay has set its FY 2025 guidance at 4.090-4.140 EPS and its 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 fiscal year.

eBay Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were issued a dividend of $0.29 per share. The ex-dividend date was Friday, November 28th. This represents a $1.16 dividend on an annualized basis and a yield of 1.3%. eBay’s payout ratio is presently 25.22%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Benchmark lifted their target price on shares of eBay from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. BNP Paribas Exane began coverage on eBay in a research note on Monday, November 24th. They issued a “neutral” rating on the stock. President Capital dropped their target price on eBay from $103.00 to $94.00 and set a “buy” rating on the stock in a report on Friday, December 19th. BMO Capital Markets upped their price objective on eBay from $102.00 to $107.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Finally, Cowen reissued a “hold” rating on shares of eBay in a report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $94.41.

Insider Buying and Selling

In related news, SVP Cornelius Boone sold 4,462 shares of the company’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $83.94, for a total value of $374,540.28. Following the completion of the sale, the senior vice president directly owned 91,921 shares of the company’s stock, valued at $7,715,848.74. This represents a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jordan Douglas Bradle Sweetnam sold 35,305 shares of eBay stock in a transaction that occurred 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 transaction, the senior vice president directly owned 2,862 shares in the company, valued at approximately $233,367.48. The trade was a 92.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 60,896 shares of company stock worth $5,051,424 over the last ninety days. 0.64% of the stock is owned by insiders.

About eBay

eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price “Buy It Now” transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.

The company’s core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.