IVY Lane Capital Management LLC Invests $3.05 Million in eBay Inc. $EBAY

IVY Lane Capital Management LLC purchased a new stake in eBay Inc. (NASDAQ:EBAY) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 35,000 shares of the e-commerce company’s stock, valued at approximately $3,048,000. eBay comprises 3.9% of IVY Lane Capital Management LLC’s portfolio, making the stock its 8th largest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EBAY. Robeco Institutional Asset Management B.V. increased its holdings in shares of eBay by 4.0% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 2,931,042 shares of the e-commerce company’s stock valued at $255,294,000 after acquiring an additional 113,553 shares in the last quarter. Allworth Financial LP boosted its holdings in eBay by 62.6% during the fourth quarter. Allworth Financial LP now owns 23,108 shares of the e-commerce company’s stock worth $2,013,000 after purchasing an additional 8,899 shares during the last quarter. North Dakota State Investment Board bought a new position in shares of eBay in the fourth quarter valued at approximately $1,809,000. Jain Global LLC purchased a new stake in shares of eBay during the 3rd quarter valued at $8,220,000. Finally, Jag Capital Management LLC increased its holdings in eBay by 2,181.0% during the third quarter. Jag Capital Management LLC now owns 120,804 shares of the e-commerce company’s stock worth $10,987,000 after buying an additional 115,508 shares during the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Jordan Douglas Bradle Sweetnam sold 1,010 shares of eBay stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $115.61, for a total value of $116,766.10. Following the completion of the sale, the senior vice president directly owned 32,146 shares in the company, valued at $3,716,399.06. The trade was a 3.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 50,000 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $117.04, for a total transaction of $5,852,000.00. Following the sale, the senior vice president owned 29,217 shares of the company’s stock, valued at approximately $3,419,557.68. This represents a 63.12% 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 have sold a total of 95,233 shares of company stock valued at $10,446,742 in the last 90 days. 0.67% of the stock is currently owned by insiders.

eBay Stock Performance

Shares of eBay stock opened at $109.32 on Wednesday. The firm has a market capitalization of $48.54 billion, a P/E ratio of 24.79, a P/E/G ratio of 2.43 and a beta of 1.39. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.36. eBay Inc. has a 12 month low of $72.84 and a 12 month high of $119.31. The business has a fifty day simple moving average of $107.05 and a two-hundred day simple moving average of $94.89.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, April 29th. The e-commerce company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.08. The business had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.04 billion. eBay had a return on equity of 46.11% and a net margin of 17.58%.The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.38 earnings per share. eBay has set its Q2 2026 guidance at 1.090-1.140 EPS. On average, equities analysts forecast that eBay Inc. will post 4.83 earnings per share for the current fiscal year.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, May 29th. eBay’s dividend payout ratio is presently 28.12%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Rothschild & Co Redburn boosted their target price on eBay from $100.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Truist Financial boosted their price target on shares of eBay from $94.00 to $105.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Wells Fargo & Company raised their target price on shares of eBay from $100.00 to $104.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. BNP Paribas Exane upped their price objective on eBay from $97.00 to $110.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Finally, Cantor Fitzgerald increased their target price on shares of eBay from $100.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Thirteen research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $107.84.

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.