Truist Financial Corp Increases Stock Position in eBay Inc. $EBAY

Truist Financial Corp grew its stake in shares of eBay Inc. (NASDAQ:EBAY) by 6.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,349,225 shares of the e-commerce company’s stock after buying an additional 81,431 shares during the period. Truist Financial Corp owned 0.29% of eBay worth $100,463,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Wealth Preservation Advisors LLC acquired a new position in shares of eBay during the 1st quarter valued at $26,000. Abound Financial LLC acquired a new position in shares of eBay during the 1st quarter valued at $29,000. Sierra Ocean LLC lifted its holdings in shares of eBay by 84.9% during the 1st quarter. Sierra Ocean LLC now owns 538 shares of the e-commerce company’s stock valued at $36,000 after acquiring an additional 247 shares in the last quarter. North Capital Inc. acquired a new position in shares of eBay during the 1st quarter valued at $38,000. Finally, Rosenberg Matthew Hamilton lifted its holdings in shares of eBay by 36.5% during the 1st quarter. Rosenberg Matthew Hamilton now owns 598 shares of the e-commerce company’s stock valued at $41,000 after acquiring an additional 160 shares in the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Price Performance

EBAY opened at $87.58 on Thursday. The company has a 50-day moving average of $91.98 and a 200-day moving average of $78.47. The company has a market capitalization of $40.02 billion, a P/E ratio of 19.29, a PEG ratio of 2.20 and a beta of 1.31. eBay Inc. has a 1-year low of $56.33 and a 1-year high of $101.15. 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 (NASDAQ:EBAY) last released its 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 net margin of 20.86% and a return on equity of 38.97%. The company’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.18 EPS. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. Equities analysts expect that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were given a $0.29 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $1.16 annualized dividend and a dividend yield of 1.3%. eBay’s payout ratio is presently 25.55%.

Insider Buying and Selling

In related news, SVP Julie A. Loeger sold 75,952 shares of the business’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $93.25, for a total transaction of $7,082,524.00. Following the completion of the sale, the senior vice president owned 53,107 shares of the company’s stock, valued at $4,952,227.75. This represents a 58.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jamie Iannone sold 7,221 shares of the business’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $92.33, for a total transaction of $666,714.93. Following 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. In the last three months, insiders have sold 111,728 shares of company stock worth $10,047,092. 0.64% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

EBAY has been the topic of several recent research reports. Morgan Stanley lifted their target price on shares of eBay from $81.00 to $89.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Needham & Company LLC lifted their target price on shares of eBay from $78.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Arete Research upgraded shares of eBay from a “strong sell” rating to a “hold” rating in a report on Thursday, August 7th. Citizens Jmp upgraded shares of eBay to a “hold” rating in a report on Thursday, July 10th. Finally, Benchmark boosted their price objective on shares of eBay from $78.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, eBay has an average rating of “Hold” and a consensus target price of $81.11.

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.