L2 Asset Management LLC Reduces Stock Position in eBay Inc. $EBAY

L2 Asset Management LLC cut its stake in eBay Inc. (NASDAQ:EBAY) by 17.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,558 shares of the e-commerce company’s stock after selling 13,830 shares during the quarter. L2 Asset Management LLC’s holdings in eBay were worth $6,053,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Miracle Mile Advisors LLC boosted its holdings in eBay by 0.4% in the third quarter. Miracle Mile Advisors LLC now owns 29,151 shares of the e-commerce company’s stock worth $2,651,000 after purchasing an additional 118 shares during the last quarter. Garrett Wealth Advisory Group LLC raised its stake in eBay by 3.8% during the 2nd quarter. Garrett Wealth Advisory Group LLC now owns 3,278 shares of the e-commerce company’s stock valued at $244,000 after buying an additional 119 shares during the last quarter. Groupe la Francaise raised its stake in eBay by 8.2% during the 2nd quarter. Groupe la Francaise now owns 1,621 shares of the e-commerce company’s stock valued at $121,000 after buying an additional 123 shares during the last quarter. Empower Advisory Group LLC lifted its holdings in shares of eBay by 3.5% during the 2nd quarter. Empower Advisory Group LLC now owns 4,566 shares of the e-commerce company’s stock valued at $340,000 after buying an additional 153 shares during the period. Finally, Mutual Advisors LLC lifted its holdings in shares of eBay by 5.2% during the 3rd quarter. Mutual Advisors LLC now owns 3,194 shares of the e-commerce company’s stock valued at $305,000 after buying an additional 158 shares during the period. 87.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EBAY has been the subject of several research analyst reports. BNP Paribas Exane lifted their price objective on eBay from $90.00 to $97.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th. Cantor Fitzgerald reissued a “neutral” rating and issued a $90.00 target price on shares of eBay in a report on Thursday, February 19th. Truist Financial set a $94.00 target price on eBay and gave the stock a “hold” rating in a research report on Thursday, February 19th. Piper Sandler restated an “overweight” rating and set a $105.00 price target (up from $98.00) on shares of eBay in a research note on Thursday, February 19th. Finally, Wall Street Zen raised shares of eBay from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Fourteen analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $97.97.

Insider Activity at eBay

In related news, SVP Mazen Rawashdeh sold 1,920 shares of the stock in a transaction that occurred on Wednesday, December 17th. The shares were 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Cornelius Boone sold 4,462 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $83.94, for a total transaction of $374,540.28. Following the sale, the senior vice president owned 91,921 shares in the company, valued at approximately $7,715,848.74. The trade was a 4.63% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 41,697 shares of company stock worth $3,760,124. 0.64% of the stock is owned by company insiders.

eBay Trading Up 0.1%

NASDAQ:EBAY opened at $91.41 on Tuesday. eBay Inc. has a one year low of $58.71 and a one year high of $101.15. The business has a fifty day moving average price of $89.76 and a 200-day moving average price of $88.44. The firm has a market capitalization of $40.95 billion, a price-to-earnings ratio of 21.01, a price-to-earnings-growth ratio of 1.91 and a beta of 1.38. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.10 and a quick ratio of 1.10.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, February 18th. The e-commerce company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.06. The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.87 billion. eBay had a return on equity of 43.04% and a net margin of 18.30%.eBay’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.25 earnings per share. eBay has set its Q1 2026 guidance at 1.530-1.590 EPS. Sell-side analysts forecast that eBay Inc. will post 3.86 EPS for the current year.

eBay Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 6th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, March 6th. This is an increase from eBay’s previous quarterly dividend of $0.29. eBay’s payout ratio is presently 28.51%.

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.