Procyon Advisors LLC Has $3.38 Million Holdings in eBay Inc. $EBAY

Procyon Advisors LLC boosted its position in shares of eBay Inc. (NASDAQ:EBAY) by 20.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,150 shares of the e-commerce company’s stock after acquiring an additional 6,361 shares during the period. Procyon Advisors LLC’s holdings in eBay were worth $3,379,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Princeton Global Asset Management LLC increased its stake in shares of eBay by 433.9% in the second quarter. Princeton Global Asset Management LLC now owns 331 shares of the e-commerce company’s stock worth $25,000 after purchasing an additional 269 shares during the period. Financial Consulate Inc. acquired a new stake in eBay in the 3rd quarter valued at approximately $27,000. GFG Capital LLC bought a new position in eBay in the 2nd quarter worth approximately $28,000. Steigerwald Gordon & Koch Inc. bought a new position in eBay in the 3rd quarter worth approximately $28,000. Finally, Sumitomo Mitsui Financial Group Inc. lifted its holdings in shares of eBay by 155.3% during the second quarter. Sumitomo Mitsui Financial Group Inc. now owns 411 shares of the e-commerce company’s stock worth $30,000 after buying an additional 250 shares during the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

eBay Stock Performance

NASDAQ EBAY opened at $94.42 on Thursday. eBay Inc. has a twelve month low of $58.71 and a twelve month high of $101.15. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.06. The stock has a market cap of $42.68 billion, a P/E ratio of 20.53, a PEG ratio of 2.20 and a beta of 1.35. The company’s 50-day simple moving average is $85.05 and its 200 day simple moving average is $87.55.

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

eBay Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $1.16 annualized dividend and a dividend yield of 1.2%. eBay’s dividend payout ratio is presently 25.22%.

Insiders Place Their Bets

In other eBay news, SVP Jordan Douglas Bradle Sweetnam sold 865 shares of the company’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $82.67, for a total transaction of $71,509.55. Following the sale, the senior vice president directly owned 4,733 shares of the company’s stock, valued at approximately $391,277.11. This represents a 15.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Mazen Rawashdeh sold 1,920 shares of eBay stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $81.90, for a total transaction of $157,248.00. Following the completion of the transaction, the senior vice president owned 5,746 shares of the company’s stock, valued at $470,597.40. This trade represents a 25.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 53,675 shares of company stock worth $4,388,825 in the last quarter. 0.64% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Cowen restated a “hold” rating on shares of eBay in a research note on Monday, October 20th. Citigroup restated a “market outperform” rating on shares of eBay in a research report on Thursday, October 30th. Morgan Stanley upped their price objective on shares of eBay from $102.00 to $112.00 and gave the company an “overweight” rating in a research report on Tuesday. Needham & Company LLC lifted their target price on eBay from $95.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Finally, President Capital lowered their price target on eBay from $103.00 to $94.00 and set a “buy” rating on the stock in a research note on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $95.31.

eBay 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.