Private Advisor Group LLC reduced its position in eBay Inc. (NASDAQ:EBAY – Free Report) by 37.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 12,483 shares of the e-commerce company’s stock after selling 7,453 shares during the period. Private Advisor Group LLC’s holdings in eBay were worth $1,136,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of the business. Guggenheim Capital LLC increased its holdings in shares of eBay by 7.4% during the 2nd quarter. Guggenheim Capital LLC now owns 14,334 shares of the e-commerce company’s stock worth $1,067,000 after acquiring an additional 988 shares during the last quarter. Jump Financial LLC bought a new position in shares of eBay in the second quarter valued at about $275,000. NewEdge Advisors LLC lifted its stake in shares of eBay by 70.4% during the 2nd quarter. NewEdge Advisors LLC now owns 108,572 shares of the e-commerce company’s stock worth $8,084,000 after buying an additional 44,851 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of eBay by 48.7% during the 2nd quarter. Sei Investments Co. now owns 471,543 shares of the e-commerce company’s stock worth $35,111,000 after buying an additional 154,465 shares during the period. Finally, Treasurer of the State of North Carolina grew its stake in eBay by 26.3% in the 2nd quarter. Treasurer of the State of North Carolina now owns 325,678 shares of the e-commerce company’s stock valued at $24,250,000 after buying an additional 67,731 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.
eBay Stock Performance
Shares of eBay stock opened at $117.20 on Monday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.36. eBay Inc. has a 12-month low of $75.78 and a 12-month high of $119.31. The company has a market capitalization of $52.04 billion, a price-to-earnings ratio of 26.58, a PEG ratio of 2.59 and a beta of 1.37. The firm’s 50-day moving average price is $110.95 and its two-hundred day moving average price is $98.47.
eBay Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, May 29th. eBay’s dividend payout ratio is 28.12%.
Insider Activity
In related news, SVP Mazen Rawashdeh sold 50,000 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $117.04, for a total transaction of $5,852,000.00. Following the completion of the transaction, the senior vice president directly owned 29,217 shares of the company’s stock, valued at $3,419,557.68. This trade represents a 63.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 11,110 shares of eBay stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $109.59, for a total value of $1,217,544.90. Following the transaction, the chief executive officer directly owned 280,204 shares in the company, valued at $30,707,556.36. The trade was a 3.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 88,125 shares of company stock valued at $9,963,512. Insiders own 0.67% of the company’s stock.
Trending Headlines about eBay
Here are the key news stories impacting eBay this week:
- Positive Sentiment: eBay was added to several Russell growth indexes, including the Russell Midcap Growth and Russell 1000 Growth benchmarks, which could boost institutional ownership and index-driven demand for the shares. eBay joins Russell Growth Indexes
- Positive Sentiment: Investor enthusiasm remains focused on eBay’s expansion of live shopping and AI-driven recommerce initiatives, including eBay Live and its investment in Fleek, which reinforce the company’s growth strategy. eBay expanding live shopping and investing in AI resale startup
- Positive Sentiment: Analysts are generally constructive into the report, with recent coverage highlighting eBay’s improving fundamentals and a favorable setup heading into Q2 earnings. Earnings Preview: What To Expect From eBay’s Report
- Neutral Sentiment: CEO Jamie Iannone sold shares under a pre-arranged trading plan, which is usually viewed as routine and not a strong signal about the company’s outlook. Jamie Iannone sells shares of eBay stock
- Neutral Sentiment: eBay’s addition to short-interest data did not show meaningful bearish pressure, with reported short interest effectively unchanged at zero shares.
- Neutral Sentiment: Wells Fargo slightly raised its price target on eBay but kept an equal-weight rating, suggesting a more cautious stance than the bullish headlines imply.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the stock. Stifel Nicolaus set a $98.00 price objective on shares of eBay in a research report on Thursday, April 30th. President Capital boosted their price target on eBay from $102.00 to $126.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. BMO Capital Markets upped their price objective on eBay from $120.00 to $130.00 in a report on Thursday, April 30th. Daiwa Securities Group lifted their target price on eBay from $90.00 to $114.00 in a report on Monday, May 11th. Finally, Sanford C. Bernstein raised their price target on shares of eBay from $95.00 to $100.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 20th. Thirteen analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $108.65.
View Our Latest Analysis on eBay
eBay 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.
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