Wakefield Asset Management LLLP Boosts Stock Holdings in eBay Inc. $EBAY

Wakefield Asset Management LLLP increased its holdings in eBay Inc. (NASDAQ:EBAY) by 162.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 53,996 shares of the e-commerce company’s stock after buying an additional 33,384 shares during the period. eBay accounts for 1.1% of Wakefield Asset Management LLLP’s investment portfolio, making the stock its 19th biggest position. Wakefield Asset Management LLLP’s holdings in eBay were worth $4,021,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in EBAY. Impax Asset Management Group plc increased its holdings in eBay by 2,536.5% during the 1st quarter. Impax Asset Management Group plc now owns 3,535,290 shares of the e-commerce company’s stock worth $239,037,000 after acquiring an additional 3,401,198 shares during the period. Nuveen LLC purchased a new position in eBay in the 1st quarter worth approximately $202,346,000. Pacer Advisors Inc. increased its stake in eBay by 5,181.4% in the first quarter. Pacer Advisors Inc. now owns 2,196,321 shares of the e-commerce company’s stock valued at $148,757,000 after acquiring an additional 2,154,735 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of eBay by 253.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,763,766 shares of the e-commerce company’s stock valued at $187,191,000 after purchasing an additional 1,981,011 shares during the last quarter. Finally, Valeo Financial Advisors LLC raised its stake in shares of eBay by 19,822.5% during the second quarter. Valeo Financial Advisors LLC now owns 1,290,981 shares of the e-commerce company’s stock worth $96,126,000 after acquiring an additional 1,284,501 shares in the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

eBay Stock Down 2.9%

EBAY stock opened at $81.31 on Friday. eBay Inc. has a 1-year low of $56.33 and a 1-year high of $101.15. The business has a fifty day moving average price of $91.94 and a 200-day moving average price of $82.87. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $37.16 billion, a P/E ratio of 17.68, a P/E/G ratio of 2.39 and a beta of 1.31.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.03. eBay had a net margin of 20.37% and a return on equity of 41.45%. The firm had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter last year, the firm posted $1.19 EPS. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. eBay has set its FY 2025 guidance at 4.090-4.140 EPS. Q4 2025 guidance at 1.310-1.360 EPS. Equities analysts forecast that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

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

Analyst Ratings Changes

EBAY has been the topic of a number of recent research reports. Argus reaffirmed a “hold” rating on shares of eBay in a research note on Thursday, August 14th. Deutsche Bank Aktiengesellschaft boosted their price target on eBay from $96.00 to $100.00 in a report on Thursday. BMO Capital Markets lifted their price target on shares of eBay from $102.00 to $107.00 and gave the company an “outperform” rating in a report on Thursday. Piper Sandler reiterated an “overweight” rating and set a $102.00 price target (up previously from $95.00) on shares of eBay in a research report on Thursday. Finally, Evercore ISI upped their target price on eBay from $90.00 to $93.00 and gave the stock an “in-line” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eighteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, eBay presently has an average rating of “Hold” and an average target price of $93.74.

Insider Buying and Selling at eBay

In related news, CEO Jamie Iannone sold 7,221 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $92.33, for a total transaction of $666,714.93. Following the completion of the sale, the chief executive officer directly owned 246,812 shares in the company, valued at approximately $22,788,151.96. The trade was a 2.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Cornelius Boone sold 4,439 shares of the business’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $89.53, for a total transaction of $397,423.67. Following the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 96,743 shares of company stock worth $8,979,844. 0.64% of the stock is 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.