Westpac Banking Corp Has $6.02 Million Position in eBay Inc. $EBAY

Westpac Banking Corp reduced its position in shares of eBay Inc. (NASDAQ:EBAY) by 6.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 69,130 shares of the e-commerce company’s stock after selling 4,882 shares during the quarter. Westpac Banking Corp’s holdings in eBay were worth $6,021,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in EBAY. First Trust Advisors LP lifted its holdings in eBay by 27.8% during the 3rd quarter. First Trust Advisors LP now owns 8,309,698 shares of the e-commerce company’s stock worth $755,767,000 after purchasing an additional 1,808,976 shares during the last quarter. Norges Bank acquired a new stake in eBay during the 4th quarter worth approximately $98,728,000. Woodline Partners LP acquired a new stake in eBay during the 3rd quarter worth approximately $68,999,000. Arrowstreet Capital Limited Partnership lifted its holdings in eBay by 32.0% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,891,398 shares of the e-commerce company’s stock worth $262,973,000 after purchasing an additional 701,530 shares during the last quarter. Finally, Danske Bank A S acquired a new stake in eBay during the 3rd quarter worth approximately $63,098,000. 87.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on EBAY shares. Needham & Company LLC reissued a “buy” rating and set a $122.00 price target on shares of eBay in a report on Thursday, April 30th. Jefferies Financial Group lifted their price target on eBay from $60.00 to $65.00 in a report on Thursday, April 30th. BNP Paribas Exane lifted their price target on eBay from $97.00 to $110.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Sanford C. Bernstein raised their price objective on eBay from $95.00 to $100.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 20th. Finally, Wedbush lifted their price objective on eBay from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Thirteen equities research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $107.84.

eBay Price Performance

Shares of NASDAQ EBAY opened at $108.88 on Wednesday. The stock has a market capitalization of $48.34 billion, a PE ratio of 24.69, a P/E/G ratio of 2.45 and a beta of 1.39. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.22 and a quick ratio of 1.22. The business has a fifty day moving average price of $103.03 and a two-hundred day moving average price of $92.86. eBay Inc. has a fifty-two week low of $72.84 and a fifty-two week high of $119.31.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data 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 firm had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.04 billion. eBay had a return on equity of 46.11% and a net margin of 17.58%.The company’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.38 EPS. eBay has set its Q2 2026 guidance at 1.090-1.140 EPS. As a group, equities analysts predict that eBay Inc. will post 4.83 earnings per share for the current fiscal year.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be paid a $0.31 dividend. The ex-dividend date is Friday, May 29th. This represents a $1.24 annualized dividend and a dividend yield of 1.1%. eBay’s dividend payout ratio (DPR) is presently 28.12%.

Insiders Place Their Bets

In other news, SVP Mazen Rawashdeh sold 50,000 shares of eBay 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 transaction, the senior vice president owned 29,217 shares in the company, valued at approximately $3,419,557.68. This trade represents a 63.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Douglas Bradle Sweetnam sold 12,978 shares of eBay stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $92.44, for a total value of $1,199,686.32. Following the completion of the transaction, the senior vice president owned 42,948 shares in the company, valued at approximately $3,970,113.12. The trade was a 23.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 136,953 shares of company stock worth $14,139,444. 0.64% of the stock is currently owned by company insiders.

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.