HighTower Advisors LLC Boosts Stake in eBay Inc. $EBAY

HighTower Advisors LLC increased its stake in eBay Inc. (NASDAQ:EBAY) by 18.0% during the second quarter, Holdings Channel.com reports. The firm owned 161,803 shares of the e-commerce company’s stock after purchasing an additional 24,707 shares during the quarter. HighTower Advisors LLC’s holdings in eBay were worth $18,081,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Guggenheim Capital LLC grew its holdings in eBay by 7.4% during the second quarter. Guggenheim Capital LLC now owns 14,334 shares of the e-commerce company’s stock valued at $1,067,000 after purchasing an additional 988 shares during the period. Jump Financial LLC purchased a new position in eBay in the 2nd quarter worth approximately $275,000. NewEdge Advisors LLC lifted its holdings in shares of eBay by 70.4% in the second 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 in 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 valued at $35,111,000 after purchasing an additional 154,465 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its stake in eBay by 26.3% during the second 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. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on EBAY. Citizens Jmp cut shares of eBay from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 4th. Robert W. Baird set a $126.00 price target on eBay in a report on Thursday, August 6th. Cantor Fitzgerald dropped their price objective on eBay from $110.00 to $106.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. Truist Financial increased their target price on eBay from $105.00 to $115.00 and gave the stock a “hold” rating in a research note on Thursday, August 6th. Finally, Susquehanna reiterated a “neutral” rating on shares of eBay in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, eBay presently has an average rating of “Hold” and a consensus price target of $117.24.

eBay Trading Up 1.1%

NASDAQ:EBAY opened at $104.59 on Wednesday. eBay Inc. has a one year low of $78.03 and a one year high of $119.31. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market cap of $46.54 billion, a P/E ratio of 21.65, a P/E/G ratio of 2.75 and a beta of 1.34. The firm has a 50-day simple moving average of $109.18 and a 200-day simple moving average of $104.08.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.10. The firm had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.01 billion. eBay had a net margin of 18.50% and a return on equity of 47.88%. The company’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period last year, the firm earned $1.37 earnings per share. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. Equities analysts anticipate that eBay Inc. will post 4.86 EPS for the current fiscal year.

eBay Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be issued a dividend of $0.31 per share. The ex-dividend date is Friday, August 28th. This represents a $1.24 dividend on an annualized basis and a yield of 1.2%. eBay’s dividend payout ratio is currently 25.67%.

Insider Buying and Selling at eBay

In other news, SVP Mazen Rawashdeh sold 1,919 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $3,485,775.24. The trade was a 5.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 11,110 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $108.55, for a total value of $1,205,990.50. Following the sale, the chief executive officer owned 253,211 shares of the company’s stock, valued at $27,486,054.05. This trade represents a 4.20% 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. In the last 90 days, insiders have sold 26,016 shares of company stock valued at $2,870,341. 0.67% of the stock is currently owned by corporate 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.