Primecap Management Co. CA Trims Position in eBay Inc. $EBAY

Primecap Management Co. CA lowered its holdings in eBay Inc. (NASDAQ:EBAY) by 2.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,082,900 shares of the e-commerce company’s stock after selling 51,720 shares during the period. Primecap Management Co. CA owned 0.46% of eBay worth $155,093,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in EBAY. Princeton Global Asset Management LLC grew its holdings 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 period. Wealth Preservation Advisors LLC purchased a new position in shares of eBay during the 1st quarter worth about $26,000. GFG Capital LLC acquired a new stake in shares of eBay in the second quarter worth approximately $28,000. Hantz Financial Services Inc. boosted its position in shares of eBay by 153.4% in the second quarter. Hantz Financial Services Inc. now owns 451 shares of the e-commerce company’s stock worth $34,000 after acquiring an additional 273 shares during the last quarter. Finally, Private Wealth Asset Management LLC grew its holdings in eBay by 1,470.6% in the second quarter. Private Wealth Asset Management LLC now owns 534 shares of the e-commerce company’s stock valued at $40,000 after purchasing an additional 500 shares during the period. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Jamie Iannone sold 7,221 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $81.08, for a total transaction of $585,478.68. Following the completion of the sale, the chief executive officer directly owned 235,781 shares in the company, valued at $19,117,123.48. This trade represents a 2.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Cornelius Boone sold 4,439 shares of eBay 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 sale, the senior vice president directly owned 93,392 shares in the company, valued at approximately $8,361,385.76. The trade was a 4.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 63,317 shares of company stock valued at $5,361,568. Corporate insiders own 0.64% of the company’s stock.

eBay Price Performance

EBAY stock opened at $81.28 on Thursday. The firm has a market cap of $36.74 billion, a P/E ratio of 17.67, a price-to-earnings-growth ratio of 2.39 and a beta of 1.29. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.00 and a current ratio of 1.00. eBay Inc. has a 1 year low of $58.71 and a 1 year high of $101.15. The stock has a 50-day simple moving average of $89.55 and a 200-day simple moving average of $84.37.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.03. The company had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.73 billion. eBay had a net margin of 20.37% and a return on equity of 41.45%. eBay’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the company earned $1.19 earnings per share. 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 analysts predict that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The company 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 dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $1.16 annualized dividend and a yield of 1.4%. eBay’s payout ratio is 25.22%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Needham & Company LLC increased their price target on shares of eBay from $95.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Daiwa Capital Markets cut their target price on eBay from $99.00 to $84.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 12th. Evercore ISI lifted their target price on eBay from $90.00 to $93.00 and gave the company an “in-line” rating in a report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft upped their price target on eBay from $96.00 to $100.00 in a research note on Thursday, October 30th. Finally, BMO Capital Markets lifted their price objective on eBay from $102.00 to $107.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nineteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $94.69.

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.