Andra AP fonden Cuts Stock Position in eBay Inc. $EBAY

Andra AP fonden lessened its stake in shares of eBay Inc. (NASDAQ:EBAY) by 18.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 230,000 shares of the e-commerce company’s stock after selling 52,978 shares during the quarter. Andra AP fonden’s holdings in eBay were worth $20,033,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. High Point Wealth Management LLC purchased a new stake in shares of eBay during the fourth quarter worth approximately $26,000. Jessup Wealth Management Inc purchased a new stake in shares of eBay during the fourth quarter worth approximately $27,000. Beacon Financial Strategies CORP purchased a new stake in shares of eBay during the fourth quarter worth approximately $28,000. JFS Wealth Advisors LLC raised its stake in shares of eBay by 57.4% during the fourth quarter. JFS Wealth Advisors LLC now owns 318 shares of the e-commerce company’s stock worth $28,000 after purchasing an additional 116 shares during the last quarter. Finally, JPL Wealth Management LLC purchased a new stake in shares of eBay during the third quarter worth approximately $28,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Stock Up 3.0%

eBay stock opened at $109.61 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market capitalization of $48.67 billion, a price-to-earnings ratio of 24.85, a price-to-earnings-growth ratio of 2.37 and a beta of 1.39. eBay Inc. has a fifty-two week low of $72.84 and a fifty-two week high of $119.31. The stock’s fifty day moving average is $106.14 and its two-hundred day moving average is $94.32.

eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, April 29th. The e-commerce company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.08. The company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.04 billion. eBay had a return on equity of 46.11% and a net margin of 17.58%.eBay’s revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.38 earnings per share. eBay has set its Q2 2026 guidance at 1.090-1.140 EPS. Analysts predict that eBay Inc. will post 4.83 EPS for the current fiscal year.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.24 annualized dividend and a yield of 1.1%. eBay’s dividend payout ratio is 28.12%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EBAY. Jefferies Financial Group upped their price objective on eBay from $60.00 to $65.00 in a report on Thursday, April 30th. The Goldman Sachs Group upped their price objective on eBay from $88.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Truist Financial upped their price objective on eBay from $94.00 to $105.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Morgan Stanley upped their price objective on eBay to $117.00 and gave the stock an “overweight” rating in a report on Tuesday, April 28th. Finally, Deutsche Bank Aktiengesellschaft set a $124.00 price objective on eBay in a report on Monday, May 4th. Thirteen investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $107.84.

Insider Transactions at eBay

In other eBay news, SVP Mazen Rawashdeh sold 50,000 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $117.04, for a total value of $5,852,000.00. Following the sale, the senior vice president owned 29,217 shares of the company’s stock, valued at approximately $3,419,557.68. This represents a 63.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 11,110 shares of the stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $109.59, for a total value of $1,217,544.90. Following the sale, the chief executive officer directly owned 280,204 shares in the company, valued at approximately $30,707,556.36. The trade was a 3.81% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 148,063 shares of company stock worth $15,356,989 over the last ninety days. 0.64% of the stock is currently owned by company 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.