Probity Advisors Inc. Makes New $216,000 Investment in eBay Inc. $EBAY

Probity Advisors Inc. acquired a new position in shares of eBay Inc. (NASDAQ:EBAY) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 2,899 shares of the e-commerce company’s stock, valued at approximately $216,000.

Several other hedge funds have also modified their holdings of the business. Phoenix Financial Ltd. acquired a new stake in shares of eBay in the 2nd quarter valued at approximately $253,000. DekaBank Deutsche Girozentrale lifted its holdings in shares of eBay by 10.2% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 128,873 shares of the e-commerce company’s stock valued at $9,581,000 after buying an additional 11,893 shares during the period. Princeton Global Asset Management LLC lifted its holdings in shares of 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. Stephens Inc. AR lifted its holdings in shares of eBay by 1.8% in the 2nd quarter. Stephens Inc. AR now owns 103,554 shares of the e-commerce company’s stock valued at $7,711,000 after buying an additional 1,870 shares during the period. Finally, Cidel Asset Management Inc. lifted its holdings in shares of eBay by 11.3% in the 2nd quarter. Cidel Asset Management Inc. now owns 6,007 shares of the e-commerce company’s stock valued at $447,000 after buying an additional 608 shares during the period. 87.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on EBAY shares. Wells Fargo & Company lifted their price objective on eBay from $84.00 to $89.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft lifted their price objective on eBay from $75.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Bank of America lifted their price objective on eBay from $89.00 to $101.00 and gave the stock a “neutral” rating in a report on Monday, August 25th. Wall Street Zen cut eBay from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. Finally, President Capital raised eBay from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $74.00 to $103.00 in a report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twenty have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $86.54.

eBay Stock Performance

eBay stock opened at $94.98 on Wednesday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a fifty day moving average of $92.86 and a two-hundred day moving average of $81.00. The company has a market capitalization of $43.41 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 2.30 and a beta of 1.31. eBay Inc. has a fifty-two week low of $56.33 and a fifty-two week high of $101.15.

eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.07. The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.64 billion. eBay had a return on equity of 38.97% and a net margin of 20.86%.eBay’s revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.18 earnings per share. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. On average, analysts anticipate that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $1.16 annualized dividend and a yield of 1.2%. eBay’s dividend payout ratio (DPR) is presently 25.55%.

Insider Buying and Selling

In other eBay news, SVP Cornelius Boone sold 4,439 shares of the firm’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $89.53, for a total transaction of $397,423.67. Following the completion of the transaction, the senior vice president owned 93,392 shares of the company’s stock, valued at approximately $8,361,385.76. This trade represents a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jamie Iannone sold 7,221 shares of eBay stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $92.33, for a total value of $666,714.93. Following the completion of the sale, the chief executive officer directly owned 246,812 shares of the company’s stock, valued at approximately $22,788,151.96. This represents a 2.84% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 96,743 shares of company stock worth $8,979,844. 0.64% of the stock is currently owned by corporate insiders.

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.