eBay Inc. $EBAY Stock Position Reduced by New York Life Investment Management LLC

New York Life Investment Management LLC lessened its holdings in eBay Inc. (NASDAQ:EBAY) by 9.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 60,259 shares of the e-commerce company’s stock after selling 5,967 shares during the quarter. New York Life Investment Management LLC’s holdings in eBay were worth $6,390,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Rakuten Investment Management Inc. acquired a new position in eBay during the 2nd quarter valued at approximately $7,929,000. Lombard Odier Asset Management Europe Ltd purchased a new position in shares of eBay in the second quarter worth $23,393,000. Marvin & Palmer Associates Inc. purchased a new position in shares of eBay in the second quarter worth $3,989,000. Empowered Funds LLC acquired a new stake in shares of eBay during the second quarter worth $16,967,000. Finally, Glenview Trust Co acquired a new stake in shares of eBay during the second quarter worth $1,544,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Stock Down 2.1%

NASDAQ:EBAY opened at $120.14 on Friday. The firm has a market capitalization of $52.74 billion, a P/E ratio of 26.23, a PEG ratio of 2.91 and a beta of 1.30. eBay Inc. has a 1-year low of $78.03 and a 1-year high of $127.74. The company’s fifty day moving average price is $113.88 and its 200-day moving average price is $105.13. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.78 and a quick ratio of 0.78.

eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, October 28th. The e-commerce company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.10. The company had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.12 billion. eBay had a net margin of 16.84% and a return on equity of 49.20%. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.36 earnings per share. As a group, equities research analysts anticipate that eBay Inc. will post 4.79 EPS for the current year.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be paid a dividend of $0.31 per share. The ex-dividend date is Friday, December 4th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.0%. eBay’s dividend payout ratio (DPR) is presently 27.07%.

Recent eBay Headlines

Investors following EBAY have been watching these headlines:

• Positive Sentiment: eBay is rolling out AI-powered photo-to-listing tools intended to make selling easier and reduce the work sellers do to create listings. Better seller tools could support engagement and activity on the marketplace. Article: eBay revamps selling with AI-driven photo-to-listing technology
• Neutral Sentiment: A comparison of eBay and PDD Holdings as value stocks offers investors a relative-valuation perspective, but the headline alone does not indicate which company is favored. Article: PDD or EBAY: Which Is the Better Value Stock Right Now?
• Negative Sentiment: SVP Julie Loeger sold 41,649 shares for about $5.12 million, reducing her position by 26.96%. She still owned 112,850 shares after the sale; insider selling can unsettle investors, though it does not by itself establish a change in the company’s outlook. SEC Form 4 filing

Insider Activity

In other news, SVP Jordan Sweetnam sold 1,014 shares of the company’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $101.39, for a total value of $102,809.46. Following the sale, the senior vice president owned 35,546 shares in the company, valued at $3,604,008.94. This represents a 2.77% decrease in their ownership of the stock. The sale was disclosed in a filing 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 firm’s stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $122.98, for a total value of $1,366,307.80. Following the sale, the chief executive officer directly owned 204,049 shares in the company, valued at approximately $25,093,946.02. This trade represents a 5.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 75,993 shares of company stock valued at $8,919,545 in the last quarter. 0.67% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on EBAY. BTIG Research initiated coverage on shares of eBay in a report on Thursday, October 29th. They set a “buy” rating on the stock. Mizuho set a $120.00 target price on eBay in a research note on Thursday, October 29th. Weiss Ratings lowered eBay from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Wednesday, October 28th. Oppenheimer set a $150.00 price target on eBay in a research report on Thursday, October 29th. Finally, Citigroup boosted their price target on eBay from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, October 30th. Seventeen research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, eBay presently has an average rating of “Hold” and a consensus target price of $123.52.

eBay Profile

eBay Inc. operates a global online marketplace that connects buyers and sellers. Its platform supports both auction-style listings and fixed-price sales across a broad range of categories, including electronics, fashion, collectibles, home goods and auto parts. Founded by Pierre Omidyar in 1995 as AuctionWeb, the company adopted the eBay name in 1997. It also provides services and tools for sellers, including advertising, payments and shipping features that support transactions on its marketplace. eBay serves customers and businesses in markets around the world.