6,137 Shares in eBay Inc. $EBAY Purchased by L2 Asset Management LLC

L2 Asset Management LLC acquired a new position in shares of eBay Inc. (NASDAQ:EBAY) in the 2nd quarter, HoldingsChannel reports. The firm acquired 6,137 shares of the e-commerce company’s stock, valued at approximately $686,000.

A number of other hedge funds have also made changes to their positions in the company. Cedar Mountain Advisors LLC boosted its stake in shares of eBay by 128.9% in the first quarter. Cedar Mountain Advisors LLC now owns 277 shares of the e-commerce company’s stock worth $25,000 after acquiring an additional 156 shares during the last quarter. Abound Financial LLC purchased a new position in eBay in the 4th quarter valued at $26,000. Cassaday & Co Wealth Management LLC purchased a new position in eBay in the 1st quarter valued at $26,000. Jessup Wealth Management Inc acquired a new stake in eBay during the 4th quarter worth $27,000. Finally, Compass Financial Management LLC acquired a new stake in eBay during the 2nd quarter worth $28,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Price Performance

eBay stock opened at $106.00 on Wednesday. eBay Inc. has a 12-month low of $78.03 and a 12-month high of $119.31. The stock has a market cap of $47.17 billion, a P/E ratio of 21.95, a PEG ratio of 2.59 and a beta of 1.37. The company has a 50-day moving average price of $110.01 and a 200 day moving average price of $102.62. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.10.

eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.10. eBay had a net margin of 18.50% and a return on equity of 47.88%. The company had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same period in the previous year, the business posted $1.37 EPS. eBay’s revenue was up 14.8% on a year-over-year basis. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. Sell-side analysts anticipate that eBay Inc. will post 4.86 earnings per share for the current year.

eBay Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 28th. eBay’s payout ratio is presently 25.67%.

Wall Street Analysts Forecast Growth

EBAY has been the subject of a number of research reports. Susquehanna reaffirmed a “neutral” rating on shares of eBay in a report on Friday, August 7th. Evercore set a $96.00 price target on shares of eBay in a research note on Thursday, April 30th. Weiss Ratings upgraded shares of eBay from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, August 11th. Citizens Jmp cut shares of eBay from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 4th. Finally, BNP Paribas Exane increased their price objective on shares of eBay from $97.00 to $110.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $117.24.

Insider Activity at eBay

In related news, CEO Jamie Iannone sold 11,110 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $108.55, for a total value of $1,205,990.50. Following the transaction, the chief executive officer directly owned 253,211 shares in the company, valued at approximately $27,486,054.05. This represents a 4.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Douglas Bradle Sweetnam sold 1,014 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $101.39, for a total value of $102,809.46. Following the completion of the transaction, the senior vice president owned 35,546 shares of the company’s stock, valued at $3,604,008.94. The trade was a 2.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 37,126 shares of company stock worth $4,087,886. Insiders own 0.67% of the company’s stock.

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.