Wedbush Securities Inc. Invests $215,000 in eBay Inc. $EBAY

Wedbush Securities Inc. bought a new stake in eBay Inc. (NASDAQ:EBAY) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,881 shares of the e-commerce company’s stock, valued at approximately $215,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Princeton Global Asset Management LLC grew its holdings in shares of eBay by 433.9% during the 2nd quarter. Princeton Global Asset Management LLC now owns 331 shares of the e-commerce company’s stock valued at $25,000 after purchasing an additional 269 shares during the last quarter. Wealth Preservation Advisors LLC purchased a new position in shares of eBay in the first quarter worth about $26,000. GFG Capital LLC bought a new stake in shares of eBay in the 2nd quarter valued at about $28,000. Hantz Financial Services Inc. increased its stake in eBay by 153.4% in the 2nd 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. Finally, Private Wealth Asset Management LLC lifted its position 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 last quarter. Institutional investors own 87.48% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on EBAY shares. Barclays raised their target price on shares of eBay from $92.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Argus reaffirmed a “hold” rating on shares of eBay in a research note on Thursday, August 14th. Benchmark increased their target price on shares of eBay from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Robert W. Baird increased their price objective on eBay from $89.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, October 13th. Finally, 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, October 30th. One 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 issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $94.69.

eBay Trading Down 3.8%

NASDAQ EBAY opened at $84.43 on Friday. eBay Inc. has a 12 month low of $58.71 and a 12 month high of $101.15. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.05. The stock’s fifty day moving average price is $90.36 and its 200-day moving average price is $83.84. The stock has a market cap of $38.16 billion, a P/E ratio of 18.35, a P/E/G ratio of 2.39 and a beta of 1.29.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.03. The business had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.73 billion. eBay had a net margin of 20.37% and a return on equity of 41.45%. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the previous 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. As a group, equities analysts forecast that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be issued a dividend of $0.29 per share. 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 (DPR) is currently 25.22%.

Insiders Place Their Bets

In other eBay news, SVP Mazen Rawashdeh sold 1,910 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $89.31, for a total transaction of $170,582.10. Following the completion of the transaction, the senior vice president owned 3,824 shares of the company’s stock, valued at $341,521.44. This represents a 33.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $397,423.67. Following the completion of the sale, the senior vice president owned 93,392 shares in the company, valued at approximately $8,361,385.76. This trade represents a 4.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 63,317 shares of company stock valued at $5,361,568 over the last three months. Insiders own 0.64% of the company’s stock.

eBay Company 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.