BankChampaign National Association Makes New Investment in eBay Inc. $EBAY

BankChampaign National Association purchased a new stake in eBay Inc. (NASDAQ:EBAY) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 7,648 shares of the e-commerce company’s stock, valued at approximately $696,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Robeco Institutional Asset Management B.V. increased its holdings in eBay by 4.0% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,931,042 shares of the e-commerce company’s stock worth $255,294,000 after purchasing an additional 113,553 shares during the last quarter. Allworth Financial LP increased its stake in shares of eBay by 62.6% in the fourth quarter. Allworth Financial LP now owns 23,108 shares of the e-commerce company’s stock worth $2,013,000 after buying an additional 8,899 shares during the last quarter. North Dakota State Investment Board acquired a new position in eBay during the 4th quarter worth $1,809,000. Eurizon Capital SGR S.p.A. bought a new stake in eBay in the fourth quarter valued at about $9,368,000. Finally, Jefferies Financial Group Inc. acquired a new stake in eBay during the fourth quarter valued at approximately $1,209,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insider Buying and Selling at eBay

In related news, CEO Jamie Iannone sold 11,110 shares of eBay stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $113.33, for a total value of $1,259,096.30. Following the completion of the sale, the chief executive officer directly owned 275,431 shares in the company, valued at $31,214,595.23. This trade represents a 3.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Douglas Bradle Sweetnam sold 1,010 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $115.61, for a total transaction of $116,766.10. Following the sale, the senior vice president owned 32,146 shares of the company’s stock, valued at $3,716,399.06. The trade was a 3.05% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 76,012 shares of company stock worth $8,747,852. Insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on EBAY. Susquehanna boosted their price objective on eBay from $95.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Truist Financial lifted their price target on eBay from $94.00 to $105.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Stifel Nicolaus set a $98.00 target price on shares of eBay in a report on Thursday, April 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of eBay in a research report on Friday, June 12th. Finally, BMO Capital Markets increased their target price on eBay from $120.00 to $130.00 in a report on Thursday, April 30th. Fourteen analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $110.52.

eBay Stock Performance

EBAY opened at $113.52 on Friday. eBay Inc. has a 1 year low of $78.03 and a 1 year high of $119.31. The stock has a market cap of $50.40 billion, a PE ratio of 25.74, a P/E/G ratio of 2.53 and a beta of 1.37. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.36. The stock’s 50 day simple moving average is $111.41 and its 200-day simple moving average is $100.94.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, April 29th. The e-commerce company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.58 by $0.08. The business had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.04 billion. eBay had a return on equity of 46.11% and a net margin of 17.58%.eBay’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.38 EPS. Sell-side analysts forecast that eBay Inc. will post 4.89 EPS for the current year.

eBay News Roundup

Here are the key news stories impacting eBay this week:

• Positive Sentiment: Depop acquisition completed: eBay finalized its purchase of the fashion-resale marketplace from Etsy for approximately $1.4 billion in cash. Depop expands eBay’s presence among younger shoppers and in secondhand fashion, potentially supporting long-term marketplace growth. Etsy Completes Sale of Depop
• Neutral Sentiment: Upcoming earnings in focus: Analysts expect eBay to report year-over-year earnings growth, following the company’s recent quarterly results that exceeded consensus expectations for both earnings and revenue. However, Zacks said eBay lacks the combination of indicators typically associated with a likely earnings beat, creating uncertainty ahead of the report. eBay Reports Next Week
• Negative Sentiment: Nearly $56 million harassment settlement: eBay and several former executives agreed to settle a cyberstalking and harassment lawsuit brought by Massachusetts journalists David and Ina Steiner. The campaign involved disturbing anonymous deliveries and threats, including live insects and a bloody pig mask. Reports cite total settlement payments of about $55.7 million, including approximately $48.7 million in direct compensation. The cash cost, reputational damage and renewed scrutiny of past management conduct are weighing on sentiment. eBay Settlement With Massachusetts Couple

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.