eBay Inc. $EBAY Shares Bought by Saudi Central Bank

Saudi Central Bank lifted its stake in eBay Inc. (NASDAQ:EBAY) by 78.6% in the second quarter, HoldingsChannel reports. The firm owned 29,792 shares of the e-commerce company’s stock after acquiring an additional 13,108 shares during the quarter. Saudi Central Bank’s holdings in eBay were worth $3,329,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rakuten Investment Management Inc. purchased a new position in shares of eBay in the 2nd quarter valued at $7,929,000. Marvin & Palmer Associates Inc. acquired a new stake in eBay during the 2nd quarter worth approximately $3,989,000. Lombard Odier Asset Management Europe Ltd purchased a new position in eBay in the 2nd quarter valued at $23,393,000. Empowered Funds LLC purchased a new stake in shares of eBay in the second quarter valued at about $16,967,000. Finally, Glenview Trust Co acquired a new position in eBay during the 2nd quarter worth approximately $1,544,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Price Performance

EBAY stock opened at $103.41 on Tuesday. The firm has a 50 day simple moving average of $109.32 and a 200-day simple moving average of $103.92. The company has a market capitalization of $46.02 billion, a P/E ratio of 21.41, a PEG ratio of 2.75 and a beta of 1.34. eBay Inc. has a twelve month low of $78.03 and a twelve month high of $119.31. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.10.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.50 by $0.10. eBay had a net margin of 18.50% and a return on equity of 47.88%. The business had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter last year, the company posted $1.37 earnings per share. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. On average, equities research analysts predict that eBay Inc. will post 4.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, August 28th. eBay’s dividend payout ratio (DPR) is presently 25.67%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on EBAY shares. BMO Capital Markets set a $145.00 price target on shares of eBay in a research note on Thursday, August 6th. Robert W. Baird set a $126.00 price objective on shares of eBay in a research note on Thursday, August 6th. Wells Fargo & Company cut eBay from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $105.00 to $92.00 in a report on Monday, August 3rd. Needham & Company LLC upped their price objective on eBay from $122.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Citigroup increased their target price on shares of eBay from $127.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $117.24.

Insider Buying and Selling at eBay

In other eBay news, SVP Mazen Rawashdeh sold 1,919 shares of eBay stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $108.51, for a total value of $208,230.69. Following the completion of the transaction, the senior vice president directly owned 32,124 shares in the company, valued at $3,485,775.24. The trade was a 5.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Sweetnam sold 1,014 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $101.39, for a total transaction of $102,809.46. Following the transaction, the senior vice president directly owned 35,546 shares of the company’s stock, valued at approximately $3,604,008.94. This trade represents a 2.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 26,016 shares of company stock worth $2,870,341 over the last ninety days. Company insiders own 0.67% of the company’s stock.

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.