Bessemer Group Inc. Decreases Stock Holdings in eBay Inc. $EBAY

Bessemer Group Inc. trimmed its stake in eBay Inc. (NASDAQ:EBAY) by 39.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,045 shares of the e-commerce company’s stock after selling 11,319 shares during the quarter. Bessemer Group Inc.’s holdings in eBay were worth $1,269,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Impax Asset Management Group plc lifted its stake in shares of eBay by 2,536.5% during the 1st quarter. Impax Asset Management Group plc now owns 3,535,290 shares of the e-commerce company’s stock valued at $239,037,000 after buying an additional 3,401,198 shares in the last quarter. Nuveen LLC bought a new stake in shares of eBay during the 1st quarter valued at about $202,346,000. Pacer Advisors Inc. increased its position in shares of eBay by 5,181.4% in the first quarter. Pacer Advisors Inc. now owns 2,196,321 shares of the e-commerce company’s stock worth $148,757,000 after purchasing an additional 2,154,735 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in eBay by 253.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,763,766 shares of the e-commerce company’s stock valued at $187,191,000 after purchasing an additional 1,981,011 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its holdings in shares of eBay by 19,822.5% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,290,981 shares of the e-commerce company’s stock valued at $96,126,000 after buying an additional 1,284,501 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other eBay news, CEO Jamie Iannone sold 7,221 shares of the company’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $91.76, for a total value of $662,598.96. Following the transaction, the chief executive officer owned 250,223 shares of the company’s stock, valued at $22,960,462.48. This represents a 2.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Cornelius Boone sold 4,439 shares of the company’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $89.53, for a total transaction of $397,423.67. Following the completion of the transaction, the senior vice president owned 93,392 shares in the company, valued at approximately $8,361,385.76. The trade was a 4.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 96,743 shares of company stock valued at $8,979,844 over the last quarter. 0.64% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. The Goldman Sachs Group raised their price target on eBay from $72.00 to $78.00 and gave the stock a “sell” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft lifted their price objective on eBay from $96.00 to $100.00 in a research report on Thursday. Wells Fargo & Company upped their price objective on shares of eBay from $89.00 to $96.00 and gave the stock an “equal weight” rating in a report on Thursday. Piper Sandler restated an “overweight” rating and set a $102.00 price target (up from $95.00) on shares of eBay in a research report on Thursday. Finally, BMO Capital Markets lifted their price objective on eBay from $102.00 to $107.00 and gave the company an “outperform” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eighteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, eBay has a consensus rating of “Hold” and a consensus price target of $93.00.

eBay Price Performance

Shares of eBay stock opened at $81.31 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.05. eBay Inc. has a 52 week low of $56.33 and a 52 week high of $101.15. The stock’s 50-day simple moving average is $91.94 and its 200-day simple moving average is $82.75. The company has a market capitalization of $37.16 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 2.39 and a beta of 1.31.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 EPS for the quarter, topping the consensus estimate of $1.33 by $0.03. The firm had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.73 billion. eBay had a net margin of 20.37% and a return on equity of 41.45%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.19 earnings per share. eBay has set its FY 2025 guidance at 4.090-4.140 EPS. Q4 2025 guidance at 1.310-1.360 EPS. As a group, analysts expect that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, November 28th. eBay’s payout ratio is 25.22%.

eBay Company Profile

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company’s marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.