Tidal Investments LLC grew its holdings in eBay Inc. (NASDAQ:EBAY – Free Report) by 26.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 74,818 shares of the e-commerce company’s stock after purchasing an additional 15,656 shares during the quarter. Tidal Investments LLC’s holdings in eBay were worth $8,361,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Compass Financial Management LLC acquired a new stake in eBay during the 2nd quarter worth approximately $28,000. Cedar Mountain Advisors LLC increased its position in shares of eBay by 128.9% during the first quarter. Cedar Mountain Advisors LLC now owns 277 shares of the e-commerce company’s stock worth $25,000 after acquiring an additional 156 shares during the period. Field & Main Bank purchased a new stake in shares of eBay during the second quarter worth $31,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of eBay during the first quarter worth $26,000. Finally, Abound Financial LLC acquired a new stake in shares of eBay in the fourth quarter valued at $26,000. Institutional investors and hedge funds own 87.48% of the company’s stock.
eBay Stock Performance
Shares of EBAY stock opened at $107.75 on Friday. The company has a market cap of $47.95 billion, a P/E ratio of 22.31, a PEG ratio of 2.86 and a beta of 1.34. The firm has a fifty day moving average price of $108.68 and a 200 day moving average price of $104.35. 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 Inc. has a 12 month low of $78.03 and a 12 month high of $119.31.
eBay Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, August 28th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, August 28th. eBay’s dividend payout ratio (DPR) is 25.67%.
Key Headlines Impacting eBay
Here are the key news stories impacting eBay this week:
- Positive Sentiment: eBay is viewed as the stronger investment compared with GameStop. Analysts and market commentary point to eBay’s profitability and more established marketplace model, while GameStop’s latest revenue declined nearly 20% year over year. Reports that GameStop may reconsider a potential bid for eBay could also reduce takeover-related uncertainty. GameStop’s Comeback Case Is Getting Interesting, But eBay Still Looks Stronger
- Positive Sentiment: Fashion Month promotions could increase engagement. eBay has launched a major international fashion campaign intended to attract buyers and sellers, supporting activity in a key marketplace category. eBay Kicks Off Major International Activity for Fashion Month
- Positive Sentiment: Recent operating performance remains supportive. eBay’s latest quarterly results exceeded expectations, with earnings per share of $1.60 versus a $1.50 consensus estimate and revenue of $3.13 billion, up 14.8% year over year. The company also guided to third-quarter EPS of $1.36–$1.42.
- Neutral Sentiment: Speculation surrounding Ryan Cohen and GameStop remains uncertain. Commentary outlines possible strategic moves involving eBay but does not confirm a transaction or concrete change in eBay’s business outlook. Ryan Cohen Has Three Options As He Weighs Next GameStop Move For eBay
- Neutral Sentiment: Reported short interest of zero shares provides no meaningful indication of bearish positioning and may reflect a data-reporting limitation.
- Negative Sentiment: CEO Jamie Iannone sold approximately $2.3 million of eBay stock. The sale represented about 5% of his prior holdings. Because the transactions were executed under a pre-arranged Rule 10b5-1 plan, they may be less significant as a discretionary signal, but insider selling can still weigh on sentiment. eBay CEO Jamie Iannone Sells Company Shares Worth $2.3 Million
- Negative Sentiment: Product-safety risks remain a marketplace overhang. eBay banned airbag sales after regulators linked another death to a counterfeit inflator. The move limits future exposure but highlights potential liability, compliance and counterfeit-control costs. eBay Bans Airbag Sales as NHTSA Confirms 11th Death Tied to Counterfeit Inflator
Wall Street Analysts Forecast Growth
EBAY has been the subject of a number of recent research reports. Piper Sandler reiterated an “overweight” rating and issued a $133.00 target price (up from $115.00) on shares of eBay in a report on Thursday, August 6th. Weiss Ratings upgraded eBay from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $115.00 price target on shares of eBay in a research report on Monday, August 3rd. Jefferies Financial Group set a $145.00 price objective on eBay in a research note on Thursday, August 6th. Finally, Wedbush boosted their price objective on eBay from $135.00 to $137.00 and gave the stock an “outperform” rating in a research report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $117.24.
Check Out Our Latest Report on EBAY
Insider Transactions at eBay
In related news, SVP Jordan Sweetnam sold 1,014 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the senior vice president owned 35,546 shares in the company, valued at $3,604,008.94. The trade was a 2.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 that occurred on Tuesday, September 8th. The shares were sold at an average price of $102.35, for a total value of $1,137,108.50. Following the completion of the transaction, the chief executive officer directly owned 230,991 shares of the company’s stock, valued at $23,641,928.85. This trade represents a 4.59% decrease in their ownership of the stock. 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. In the last 90 days, insiders have sold 37,126 shares of company stock valued at $4,007,449. Corporate insiders own 0.67% of the company’s stock.
eBay Company Profile
eBay Inc (NASDAQ: EBAY) operates a global online marketplace that connects buyers and sellers. Its platform supports the sale of new, used, refurbished and collectible products across categories including electronics, apparel, footwear, home and garden, automotive parts, accessories and trading cards.
The company generates revenue primarily through seller fees and related services, including payments, advertising and shipping solutions. eBay also offers specialized experiences such as eBay Motors and authentication programs designed to help verify eligible luxury goods, sneakers, watches, handbags and collectibles.
Founded in 1995 by Pierre Omidyar, eBay serves customers and sellers in markets around the world.
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