Mackenzie Financial Corp Buys 26,638 Shares of eBay Inc. $EBAY

Mackenzie Financial Corp raised its stake in eBay Inc. (NASDAQ:EBAY) by 24.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 135,497 shares of the e-commerce company’s stock after buying an additional 26,638 shares during the period. Mackenzie Financial Corp’s holdings in eBay were worth $10,089,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Princeton Global Asset Management LLC grew its stake in eBay by 433.9% in the 2nd quarter. Princeton Global Asset Management LLC now owns 331 shares of the e-commerce company’s stock valued at $25,000 after buying an additional 269 shares during the last quarter. Wealth Preservation Advisors LLC bought a new stake in shares of eBay during the first quarter worth approximately $26,000. GFG Capital LLC acquired a new position in shares of eBay in the second quarter valued at approximately $28,000. Sumitomo Mitsui Financial Group Inc. grew its position in shares of eBay by 155.3% in the second quarter. Sumitomo Mitsui Financial Group Inc. now owns 411 shares of the e-commerce company’s stock valued at $30,000 after purchasing an additional 250 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its stake in shares of eBay by 153.4% during the second quarter. Hantz Financial Services Inc. now owns 451 shares of the e-commerce company’s stock worth $34,000 after purchasing an additional 273 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on EBAY. Arete upgraded eBay from a “sell” rating to a “neutral” rating and set a $91.00 price target for the company in a research note on Thursday, August 7th. Rothschild & Co Redburn reduced their target price on shares of eBay from $95.00 to $90.00 in a research report on Friday, November 7th. Citigroup reaffirmed a “market outperform” rating on shares of eBay in a research report on Thursday, October 30th. BNP Paribas Exane began coverage on shares of eBay in a research note on Monday, November 24th. They issued a “neutral” rating for the company. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of eBay from $96.00 to $100.00 in a report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty-one have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, eBay presently has an average rating of “Hold” and a consensus price target of $94.69.

eBay Trading Up 0.2%

EBAY opened at $82.91 on Wednesday. The stock has a market capitalization of $37.48 billion, a price-to-earnings ratio of 18.02, a P/E/G ratio of 2.09 and a beta of 1.35. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.06. eBay Inc. has a twelve month low of $58.71 and a twelve month high of $101.15. The company has a 50-day simple moving average of $88.02 and a 200 day simple moving average of $85.23.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 EPS for the quarter, beating the consensus estimate of $1.33 by $0.03. eBay had a net margin of 20.37% and a return on equity of 41.94%. The company had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the previous year, the company earned $1.19 EPS. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. eBay has set its FY 2025 guidance at 4.090-4.140 EPS and its Q4 2025 guidance at 1.310-1.360 EPS. Analysts predict that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, November 28th. This represents a $1.16 annualized dividend and a yield of 1.4%. eBay’s dividend payout ratio is presently 25.22%.

Insiders Place Their Bets

In other eBay news, SVP Jordan Douglas Bradle Sweetnam sold 1,006 shares of eBay stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $82.04, for a total value of $82,532.24. Following the transaction, the senior vice president owned 3,868 shares in the company, valued at $317,330.72. The trade was a 20.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Cornelius Boone sold 4,439 shares of the business’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $89.53, for a total value of $397,423.67. Following the transaction, the senior vice president directly owned 93,392 shares of the company’s stock, valued at approximately $8,361,385.76. The trade was a 4.54% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 64,323 shares of company stock worth $5,444,100. 0.64% of the stock is owned by company insiders.

About eBay

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.