eBay Inc. $EBAY Stake Reduced by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. cut its stake in eBay Inc. (NASDAQ:EBAY) by 6.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 149,803 shares of the e-commerce company’s stock after selling 9,880 shares during the period. Resona Asset Management Co. Ltd.’s holdings in eBay were worth $13,630,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in EBAY. Princeton Global Asset Management LLC increased its holdings 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 period. Financial Consulate Inc. acquired a new position in eBay during the 3rd quarter valued at about $27,000. GFG Capital LLC bought a new position in eBay in the 2nd quarter worth about $28,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of eBay in the third quarter valued at approximately $28,000. Finally, Sumitomo Mitsui Financial Group Inc. raised its holdings in shares of eBay by 155.3% during the second quarter. Sumitomo Mitsui Financial Group Inc. now owns 411 shares of the e-commerce company’s stock valued at $30,000 after buying an additional 250 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling at eBay

In other eBay news, CEO Jamie Iannone sold 7,221 shares of the company’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $81.08, for a total value of $585,478.68. Following the transaction, the chief executive officer owned 235,781 shares of the company’s stock, valued at approximately $19,117,123.48. This represents a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Cornelius Boone sold 4,462 shares of the firm’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $83.94, for a total value of $374,540.28. Following the sale, the senior vice president directly owned 91,921 shares of the company’s stock, valued at approximately $7,715,848.74. This represents a 4.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 53,675 shares of company stock valued at $4,388,825. Corporate insiders own 0.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Morgan Stanley increased their price objective on eBay from $102.00 to $112.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Wedbush boosted their price target on eBay from $90.00 to $95.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Benchmark raised their price target on eBay from $100.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Rothschild & Co Redburn cut their price objective on shares of eBay from $95.00 to $90.00 in a research note on Friday, November 7th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of eBay in a research report on Monday, December 29th. Fourteen research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $95.66.

eBay Trading Down 0.3%

Shares of eBay stock opened at $93.61 on Monday. The business has a fifty day simple moving average of $86.25 and a 200-day simple moving average of $88.49. eBay Inc. has a fifty-two week low of $58.71 and a fifty-two week high of $101.15. The firm has a market cap of $42.31 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 2.18 and a beta of 1.35. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.06.

eBay (NASDAQ:EBAY) last issued 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. eBay had a net margin of 20.37% and a return on equity of 41.94%. The firm had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the previous year, the business earned $1.19 earnings per share. eBay’s revenue for the quarter was up 9.5% compared to the same quarter last year. eBay has set its FY 2025 guidance at 4.090-4.140 EPS and its Q4 2025 guidance at 1.310-1.360 EPS. On average, equities analysts forecast that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Company 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.