8,462 Shares in eBay Inc. $EBAY Acquired by GRIMES & Co WEALTH MANAGEMENT LLC

GRIMES & Co WEALTH MANAGEMENT LLC bought a new stake in eBay Inc. (NASDAQ:EBAY) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 8,462 shares of the e-commerce company’s stock, valued at approximately $770,000.

Other institutional investors also recently added to or reduced their stakes in the company. Financial Consulate Inc. acquired a new position in shares of eBay during the third quarter valued at $27,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of eBay during the 3rd quarter worth about $28,000. Princeton Global Asset Management LLC lifted its stake 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 acquiring an additional 269 shares during the period. Salomon & Ludwin LLC bought a new position in shares of eBay in the third quarter valued at approximately $32,000. Finally, GFG Capital LLC bought a new position in shares of eBay in the second quarter valued at approximately $28,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Trading Up 1.1%

Shares of EBAY opened at $94.37 on Wednesday. The business’s 50-day moving average price is $84.79 and its 200 day moving average price is $87.50. 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 stock has a market capitalization of $42.66 billion, a P/E ratio of 20.52, a P/E/G ratio of 2.17 and a beta of 1.35. eBay Inc. has a 1-year low of $58.71 and a 1-year high of $101.15.

eBay (NASDAQ:EBAY) last announced its 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 41.94%. The company had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same period last year, the company posted $1.19 earnings per share. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. eBay has set its FY 2025 guidance at 4.090-4.140 EPS and its Q4 2025 guidance at 1.310-1.360 EPS. Analysts expect that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, November 28th. eBay’s payout ratio is 25.22%.

Analysts Set New Price Targets

EBAY has been the subject of a number of research analyst reports. BNP Paribas started coverage on eBay in a research report on Monday, November 24th. They issued a “hold” rating for the company. Jefferies Financial Group upped their price objective on eBay from $60.00 to $65.00 and gave the company an “underperform” rating in a report on Friday, October 17th. B. Riley lifted their target price on eBay from $94.00 to $96.00 and gave the stock a “buy” rating in a report on Monday, October 20th. Sanford C. Bernstein set a $90.00 price target on shares of eBay in a research report on Friday, October 31st. Finally, Daiwa Capital Markets reduced their price objective on shares of eBay from $99.00 to $84.00 and set a “neutral” rating for the company in a research report on Wednesday, November 12th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $95.31.

Insider Buying and Selling

In related news, SVP Mazen Rawashdeh sold 1,920 shares of the stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $81.90, for a total value of $157,248.00. Following the completion of the sale, the senior vice president directly owned 5,746 shares of the company’s stock, valued at approximately $470,597.40. This represents a 25.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Julie A. Loeger sold 2,896 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $82.44, for a total value of $238,746.24. Following the sale, the senior vice president owned 55,990 shares of the company’s stock, valued at $4,615,815.60. The trade was a 4.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 53,675 shares of company stock valued at $4,388,825. 0.64% of the stock is currently owned by company insiders.

eBay Company Profile

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.