eBay Inc. $EBAY Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC cut its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 13.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,016,236 shares of the e-commerce company’s stock after selling 309,175 shares during the quarter. Hsbc Holdings PLC owned about 0.44% of eBay worth $150,059,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of eBay by 24.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 23,674 shares of the e-commerce company’s stock worth $1,763,000 after acquiring an additional 4,658 shares during the period. Johnson Financial Group Inc. increased its position in eBay by 9.5% during the second quarter. Johnson Financial Group Inc. now owns 8,540 shares of the e-commerce company’s stock worth $636,000 after purchasing an additional 740 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. raised its stake in eBay by 155.3% during the second quarter. Sumitomo Mitsui Financial Group Inc. now owns 411 shares of the e-commerce company’s stock worth $30,000 after purchasing an additional 250 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in eBay during the second quarter worth approximately $849,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of eBay in the 2nd quarter valued at $54,000. 87.48% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other eBay news, SVP Mazen Rawashdeh sold 1,910 shares of the business’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $89.31, for a total value of $170,582.10. Following the transaction, the senior vice president owned 3,824 shares in the company, valued at $341,521.44. The trade was a 33.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Cornelius Boone sold 4,439 shares of the company’s stock in a transaction dated Thursday, September 18th. The shares were 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 directly owned 93,392 shares of the company’s stock, valued at approximately $8,361,385.76. The trade was a 4.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 64,323 shares of company stock valued at $5,444,100 in the last 90 days. Company insiders own 0.64% of the company’s stock.

eBay Price Performance

Shares of NASDAQ EBAY opened at $82.91 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.00 and a quick ratio of 1.00. eBay Inc. has a 1-year low of $58.71 and a 1-year high of $101.15. The company has a market capitalization of $37.47 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 2.39 and a beta of 1.29. The business has a 50-day moving average of $88.34 and a 200-day moving average of $84.84.

eBay (NASDAQ:EBAY) last released its quarterly 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 analyst estimates of $2.73 billion. eBay had a return on equity of 41.45% and a net margin of 20.37%.eBay’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.19 EPS. eBay has set its FY 2025 guidance at 4.090-4.140 EPS. Q4 2025 guidance at 1.310-1.360 EPS. On average, equities analysts anticipate that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have recently commented on EBAY. TD Cowen upped their price objective on eBay from $80.00 to $84.00 and gave the stock a “hold” rating in a report on Monday, October 20th. Wedbush upped their price target on eBay from $90.00 to $95.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Morgan Stanley raised their price objective on eBay from $89.00 to $102.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Robert W. Baird boosted their target price on eBay from $89.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, October 13th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of eBay in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty-one have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $94.69.

eBay 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.