eBay Inc. $EBAY Shares Sold by iA Global Asset Management Inc.

iA Global Asset Management Inc. reduced its position in eBay Inc. (NASDAQ:EBAY) by 56.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,061 shares of the e-commerce company’s stock after selling 18,076 shares during the quarter. iA Global Asset Management Inc.’s holdings in eBay were worth $1,047,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Princeton Global Asset Management LLC increased its stake in shares of eBay by 433.9% in the 2nd quarter. Princeton Global Asset Management LLC now owns 331 shares of the e-commerce company’s stock worth $25,000 after acquiring an additional 269 shares during the last quarter. Wealth Preservation Advisors LLC acquired a new stake in shares of eBay in the 1st quarter worth $26,000. GFG Capital LLC acquired a new stake in shares of eBay in the 2nd quarter worth $28,000. Abound Financial LLC acquired a new stake in shares of eBay in the 1st quarter worth $29,000. Finally, Hantz Financial Services Inc. increased its stake in shares of eBay by 153.4% in the 2nd quarter. Hantz Financial Services Inc. now owns 451 shares of the e-commerce company’s stock worth $34,000 after acquiring an additional 273 shares during the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

Insider Activity at eBay

In related news, CEO Jamie Iannone sold 7,221 shares of the firm’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $92.33, for a total transaction of $666,714.93. Following the completion of the transaction, the chief executive officer directly owned 246,812 shares in the company, valued at $22,788,151.96. This trade represents a 2.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Mazen Rawashdeh sold 1,910 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $341,521.44. This trade represents a 33.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 20,791 shares of company stock worth $1,897,320 in the last three months. 0.64% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Bank of America raised their target price on eBay from $89.00 to $101.00 and gave the stock a “neutral” rating in a research note on Monday, August 25th. Mizuho assumed coverage on eBay in a research note on Monday, September 29th. They issued a “neutral” rating and a $98.00 target price for the company. Cowen reaffirmed a “hold” rating on shares of eBay in a research note on Monday, October 20th. Sanford C. Bernstein set a $90.00 target price on eBay in a research note on Friday. Finally, Needham & Company LLC raised their target price on eBay from $95.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eighteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $94.52.

eBay Stock Up 1.8%

Shares of NASDAQ:EBAY opened at $82.77 on Tuesday. The business has a 50-day moving average price of $91.62 and a 200 day moving average price of $83.11. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $37.83 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 2.39 and a beta of 1.31. eBay Inc. has a 12-month low of $58.05 and a 12-month high of $101.15.

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

eBay Announces Dividend

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

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.