19,684 eBay Inc. $EBAY Shares Bought by Alps Advisors Inc.

Alps Advisors Inc. lifted its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 191.3% during the 3rd quarter, Holdings Channel reports. The firm owned 29,972 shares of the e-commerce company’s stock after buying an additional 19,684 shares during the period. Alps Advisors Inc.’s holdings in eBay were worth $3,179,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Cassaday & Co Wealth Management LLC acquired a new position in shares of eBay in the first quarter valued at approximately $26,000. John Boyer Inc. acquired a new stake in eBay during the 3rd quarter worth approximately $26,000. Compass Financial Management LLC acquired a new stake in eBay during the 2nd quarter worth approximately $28,000. Field & Main Bank purchased a new position in eBay in the 2nd quarter valued at approximately $31,000. Finally, Western Wealth Management LLC purchased a new position in eBay in the 1st quarter valued at approximately $38,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Trading Down 0.8%

EBAY opened at $120.97 on Tuesday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.78 and a current ratio of 0.78. eBay Inc. has a one year low of $78.03 and a one year high of $127.74. The company has a market cap of $53.11 billion, a P/E ratio of 25.70, a PEG ratio of 2.99 and a beta of 1.30. The business’s 50-day simple moving average is $112.86 and its 200-day simple moving average is $104.71.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, October 28th. The e-commerce company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.10. The business had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.12 billion. eBay had a net margin of 16.84% and a return on equity of 49.20%. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.36 EPS. As a group, equities research analysts expect that eBay Inc. will post 4.75 EPS for the current fiscal year.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, December 4th. This represents a $1.24 annualized dividend and a yield of 1.0%. eBay’s dividend payout ratio is currently 27.07%.

Insider Buying and Selling at eBay

In related news, CEO Jamie Iannone sold 11,110 shares of the company’s stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $122.98, for a total transaction of $1,366,307.80. Following the transaction, the chief executive officer owned 204,049 shares of the company’s stock, valued at $25,093,946.02. This represents a 5.16% 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 company’s stock in a transaction on Tuesday, August 18th. The stock was 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 in the company, valued at approximately $3,604,008.94. This trade represents a 2.77% 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 ninety days, insiders have sold 34,344 shares of company stock valued at $3,795,885. Corporate insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EBAY. Robert W. Baird set a $135.00 price objective on eBay in a research report on Thursday, October 29th. Sanford C. Bernstein lifted their target price on eBay from $115.00 to $125.00 and gave the company a “market perform” rating in a report on Thursday, October 29th. Mizuho set a $120.00 target price on eBay in a research note on Thursday, October 29th. Jefferies Financial Group lowered their target price on eBay from $80.00 to $75.00 and set an “underperform” rating for the company in a research note on Monday, September 21st. Finally, Wells Fargo & Company upgraded shares of eBay from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $91.00 to $106.00 in a research note on Thursday, October 29th. Seventeen analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $123.52.

Key Stories Impacting eBay

Here are the key news stories impacting eBay this week:

• Positive Sentiment: A Zacks article included eBay among non-tech Nasdaq stocks with improving earnings estimates and growth opportunities, offering a modestly positive investment signal. Zacks article
• Neutral Sentiment: CEO Jamie Iannone sold 11,110 shares for about $1.37 million, reducing his direct holding by 5.16%. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, which makes it less clearly a signal about the company’s near-term outlook. SEC filing
• Negative Sentiment: The UK government is considering restricting under-16s’ access to online marketplaces including eBay, citing concerns about contact with strangers. If adopted, the measure could require age-verification changes and limit access to younger users; it remains under consideration, not a finalized ban. Sky News article

About eBay

eBay Inc operates a global online marketplace that connects buyers and sellers. Its platform supports both auction-style listings and fixed-price sales across a broad range of categories, including electronics, fashion, collectibles, home goods and auto parts.

Founded by Pierre Omidyar in 1995 as AuctionWeb, the company adopted the eBay name in 1997. It also provides services and tools for sellers, including advertising, payments and shipping features that support transactions on its marketplace.

eBay serves customers and businesses in markets around the world.