Kesler Norman & Wride LLC Buys New Stake in eBay Inc. $EBAY

Kesler Norman & Wride LLC purchased a new stake in eBay Inc. (NASDAQ:EBAY) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 8,906 shares of the e-commerce company’s stock, valued at approximately $663,000.

Several other institutional investors also recently bought and sold shares of the business. Independent Franchise Partners LLP raised its holdings in eBay by 4.6% in the 1st quarter. Independent Franchise Partners LLP now owns 11,689,267 shares of the e-commerce company’s stock valued at $791,714,000 after acquiring an additional 510,629 shares during the last quarter. Nordea Investment Management AB raised its holdings in eBay by 5.6% in the 2nd quarter. Nordea Investment Management AB now owns 9,085,603 shares of the e-commerce company’s stock valued at $674,061,000 after acquiring an additional 478,410 shares during the last quarter. Invesco Ltd. raised its holdings in eBay by 8.0% in the 1st quarter. Invesco Ltd. now owns 8,441,396 shares of the e-commerce company’s stock valued at $571,736,000 after acquiring an additional 627,823 shares during the last quarter. Northern Trust Corp raised its holdings in eBay by 4.4% in the 1st quarter. Northern Trust Corp now owns 7,109,481 shares of the e-commerce company’s stock valued at $481,525,000 after acquiring an additional 300,216 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in eBay by 5.5% in 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 valued at $417,021,000 after acquiring an additional 322,910 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Trading Down 2.9%

EBAY stock opened at $81.31 on Friday. The company has a market cap of $37.16 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 2.39 and a beta of 1.31. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.05. The business has a fifty day simple moving average of $91.94 and a 200-day simple moving average of $82.87. eBay Inc. has a 52 week low of $56.33 and a 52 week high of $101.15.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, October 29th. The e-commerce company reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.03. The business had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.73 billion. eBay had a return on equity of 41.45% and a net margin of 20.37%.The business’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.19 EPS. 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 EPS for the current year.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be given a dividend of $0.29 per share. 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 dividend payout ratio is 25.22%.

Insider Buying and Selling at eBay

In related news, SVP Mazen Rawashdeh sold 1,910 shares of the company’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $89.31, for a total transaction of $170,582.10. Following the completion of the sale, the senior vice president directly owned 3,824 shares of the company’s stock, valued at approximately $341,521.44. This represents a 33.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Julie A. Loeger sold 75,952 shares of the company’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $93.25, for a total transaction of $7,082,524.00. Following the sale, the senior vice president directly owned 53,107 shares of the company’s stock, valued at approximately $4,952,227.75. This trade represents a 58.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 96,743 shares of company stock valued at $8,979,844 in the last quarter. Company insiders own 0.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Wedbush boosted their price target on eBay from $90.00 to $95.00 and gave the company a “neutral” rating in a report on Friday. The Goldman Sachs Group boosted their price target on eBay from $72.00 to $78.00 and gave the company a “sell” rating in a report on Thursday. TD Cowen boosted their price target on eBay from $80.00 to $84.00 and gave the company a “hold” rating in a report on Monday, October 20th. Evercore ISI boosted their price target on eBay from $90.00 to $93.00 and gave the company an “in-line” rating in a report on Thursday. Finally, Needham & Company LLC boosted their price target on eBay from $95.00 to $115.00 and gave the company a “buy” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eighteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $93.74.

eBay Company 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.