Glenview Trust Co Acquires Shares of 13,818 eBay Inc. $EBAY

Glenview Trust Co bought a new position in eBay Inc. (NASDAQ:EBAY) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 13,818 shares of the e-commerce company’s stock, valued at approximately $1,544,000.

A number of other large investors also recently modified their holdings of the stock. North Star Asset Management Inc. acquired a new stake in shares of eBay in the second quarter valued at approximately $207,000. Empowered Funds LLC acquired a new position in eBay during the 2nd quarter worth $16,967,000. United Capital Financial Advisors LLC acquired a new position in eBay during the 2nd quarter worth $2,117,000. Equitable Holdings Inc. bought a new position in eBay in the 2nd quarter valued at $508,000. Finally, Centaurus Financial Inc. bought a new position in eBay in the 2nd quarter valued at $819,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Jordan Douglas Bradle Sweetnam sold 1,014 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $101.39, for a total value of $102,809.46. Following the sale, the senior vice president directly owned 35,546 shares of the company’s stock, valued at approximately $3,604,008.94. The trade was a 2.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 on Wednesday, August 5th. The stock was sold at an average price of $108.55, for a total transaction of $1,205,990.50. Following the completion of the transaction, the chief executive officer directly owned 253,211 shares of the company’s stock, valued at approximately $27,486,054.05. The trade was a 4.20% 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. Insiders have sold a total of 37,126 shares of company stock worth $4,087,886 over the last ninety days. Company insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

EBAY has been the subject of a number of research reports. Rothschild & Co Redburn lifted their price objective on eBay from $100.00 to $115.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Susquehanna reiterated a “neutral” rating on shares of eBay in a research report on Friday, August 7th. Rosenblatt Securities assumed coverage on eBay in a research note on Thursday, August 20th. They issued a “buy” rating and a $120.00 price target on the stock. Morgan Stanley restated an “overweight” rating and issued a $127.00 price target on shares of eBay in a research report on Thursday, August 6th. Finally, President Capital lifted their price objective on eBay from $102.00 to $126.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. One investment 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $117.24.

eBay Stock Up 3.3%

Shares of eBay stock opened at $105.62 on Friday. The company has a market capitalization of $47.00 billion, a P/E ratio of 21.87, a price-to-earnings-growth ratio of 2.48 and a beta of 1.37. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.02 and a quick ratio of 1.02. The business has a 50-day moving average of $109.77 and a two-hundred day moving average of $102.87. eBay Inc. has a 1 year low of $78.03 and a 1 year high of $119.31.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.10. eBay had a return on equity of 47.88% and a net margin of 18.50%.The business had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter in the previous year, the business posted $1.37 EPS. eBay’s revenue for the quarter was up 14.8% on a year-over-year basis. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. As a group, equities analysts predict that eBay Inc. will post 4.86 EPS for the current year.

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, August 28th. eBay’s dividend payout ratio (DPR) is presently 25.67%.

eBay 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.