W.H. Cornerstone Investments Inc. Acquires Shares of 2,767 eBay Inc. $EBAY

W.H. Cornerstone Investments Inc. acquired a new stake in eBay Inc. (NASDAQ:EBAY) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 2,767 shares of the e-commerce company’s stock, valued at approximately $206,000.

A number of other hedge funds and other institutional investors have also modified their holdings of EBAY. Hemington Wealth Management boosted its position in eBay by 7.7% in the 2nd quarter. Hemington Wealth Management now owns 1,742 shares of the e-commerce company’s stock valued at $129,000 after buying an additional 124 shares during the last quarter. Parkside Financial Bank & Trust increased its position in shares of eBay by 9.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,666 shares of the e-commerce company’s stock valued at $124,000 after buying an additional 137 shares in the last quarter. Capital Investment Advisors LLC raised its stake in eBay by 2.2% during the 2nd quarter. Capital Investment Advisors LLC now owns 6,280 shares of the e-commerce company’s stock worth $468,000 after buying an additional 138 shares during the period. Kovitz Investment Group Partners LLC lifted its holdings in eBay by 0.6% during the first quarter. Kovitz Investment Group Partners LLC now owns 23,039 shares of the e-commerce company’s stock worth $1,560,000 after acquiring an additional 143 shares in the last quarter. Finally, Journey Strategic Wealth LLC grew its stake in eBay by 4.4% in the first quarter. Journey Strategic Wealth LLC now owns 3,921 shares of the e-commerce company’s stock valued at $266,000 after acquiring an additional 166 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insider Activity

In other eBay news, CEO Jamie Iannone sold 7,221 shares of the firm’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $81.08, for a total value of $585,478.68. Following the sale, the chief executive officer directly owned 235,781 shares in the company, valued at $19,117,123.48. This trade represents a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mazen Rawashdeh sold 1,910 shares of eBay stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $89.31, for a total value of $170,582.10. Following the sale, the senior vice president directly owned 3,824 shares of the company’s stock, valued at $341,521.44. This trade represents a 33.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 63,317 shares of company stock worth $5,361,568. Insiders own 0.64% of the company’s stock.

eBay Price Performance

Shares of eBay stock traded up $0.17 on Thursday, hitting $87.96. The company’s stock had a trading volume of 480,336 shares, compared to its average volume of 5,668,756. The company has a market capitalization of $39.76 billion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 2.39 and a beta of 1.29. The firm has a fifty day moving average price of $90.53 and a 200-day moving average price of $83.84. eBay Inc. has a 1 year low of $58.71 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 posted its quarterly earnings data on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.03. The firm 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 firm’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the company posted $1.19 EPS. 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, sell-side analysts anticipate 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 will be paid on Friday, December 12th. Investors 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 annualized dividend and a yield of 1.3%. eBay’s dividend payout ratio (DPR) is 25.22%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on EBAY. Piper Sandler dropped their price objective on shares of eBay from $102.00 to $98.00 and set an “overweight” rating on the stock in a research report on Tuesday. Needham & Company LLC lifted their price target on shares of eBay from $95.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Arete upgraded eBay from a “sell” rating to a “neutral” rating and set a $91.00 price objective for the company in a report on Thursday, August 7th. Daiwa Capital Markets dropped their price target on eBay from $99.00 to $84.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Cantor Fitzgerald lifted their price target on shares of eBay from $85.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nineteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $94.69.

About eBay

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.