Hodges Capital Management Inc. Has $305,000 Holdings in eBay Inc. $EBAY

Hodges Capital Management Inc. trimmed its holdings in eBay Inc. (NASDAQ:EBAY) by 90.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,100 shares of the e-commerce company’s stock after selling 37,550 shares during the period. Hodges Capital Management Inc.’s holdings in eBay were worth $305,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in EBAY. Independent Franchise Partners LLP increased its holdings in shares of eBay by 4.6% during the 1st quarter. Independent Franchise Partners LLP now owns 11,689,267 shares of the e-commerce company’s stock worth $791,714,000 after acquiring an additional 510,629 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of eBay by 5.6% in the second quarter. Nordea Investment Management AB now owns 9,085,603 shares of the e-commerce company’s stock valued at $674,061,000 after purchasing an additional 478,410 shares during the last quarter. Invesco Ltd. raised its position in shares of eBay by 8.0% in the first quarter. Invesco Ltd. now owns 8,441,396 shares of the e-commerce company’s stock valued at $571,736,000 after purchasing an additional 627,823 shares during the period. Northern Trust Corp lifted its stake in shares of eBay by 4.4% during the 1st quarter. Northern Trust Corp now owns 7,109,481 shares of the e-commerce company’s stock worth $481,525,000 after buying an additional 300,216 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of eBay by 5.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,157,105 shares of the e-commerce company’s stock worth $417,021,000 after buying an additional 322,910 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, 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 sale, the senior vice president owned 93,392 shares of the company’s stock, valued at $8,361,385.76. This represents a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Mazen Rawashdeh sold 1,910 shares of the stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $89.31, for a total transaction of $170,582.10. Following the sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 63,317 shares of company stock worth $5,361,568 in the last ninety days. 0.64% of the stock is owned by company insiders.

Analysts Set New Price Targets

EBAY has been the topic of a number of research reports. Mizuho assumed coverage on shares of eBay in a research note on Monday, September 29th. They issued a “neutral” rating and a $98.00 price target on the stock. Benchmark boosted their price objective on eBay from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Robert W. Baird upped their target price on eBay from $89.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, October 13th. Cowen reissued a “hold” rating on shares of eBay in a report on Monday, October 20th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of eBay in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eighteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, eBay has a consensus rating of “Hold” and a consensus target price of $94.38.

eBay Stock Up 1.6%

NASDAQ EBAY opened at $85.18 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.05. eBay Inc. has a 1-year low of $58.71 and a 1-year high of $101.15. The company has a 50 day moving average of $90.63 and a 200-day moving average of $83.67. The company has a market cap of $38.50 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 2.39 and a beta of 1.29.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results 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 business had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the prior year, the business posted $1.19 earnings per share. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. 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 research analysts expect that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

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