Bank of New York Mellon Corp Lowers Holdings in eBay Inc. $EBAY

Bank of New York Mellon Corp lowered its stake in shares of eBay Inc. (NASDAQ:EBAY) by 5.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,584,045 shares of the e-commerce company’s stock after selling 191,141 shares during the quarter. Bank of New York Mellon Corp’s holdings in eBay were worth $266,868,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Princeton Global Asset Management LLC grew its holdings in eBay by 433.9% in the second 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 period. Wealth Preservation Advisors LLC acquired a new position in shares of eBay in the 1st quarter valued at $26,000. GFG Capital LLC purchased a new stake in shares of eBay during the 2nd quarter valued at $28,000. Abound Financial LLC acquired a new stake in shares of eBay during the 1st quarter worth $29,000. Finally, Hantz Financial Services Inc. increased its holdings in shares of eBay by 153.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 451 shares of the e-commerce company’s stock worth $34,000 after buying an additional 273 shares during the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

Insider Activity at eBay

In other eBay news, CEO Jamie Iannone sold 7,221 shares of the firm’s stock in a transaction that occurred on Thursday, September 4th. The stock was 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 owned 246,812 shares in the company, valued at $22,788,151.96. This trade represents a 2.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Cornelius Boone sold 4,439 shares of eBay stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $89.53, for a total value of $397,423.67. Following the sale, the senior vice president owned 93,392 shares in the company, valued at $8,361,385.76. This represents a 4.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 20,791 shares of company stock valued at $1,897,320. Insiders own 0.64% of the company’s stock.

eBay Trading Down 1.3%

NASDAQ EBAY opened at $81.68 on Wednesday. The stock has a market cap of $37.33 billion, a P/E ratio of 17.76, a PEG ratio of 2.39 and a beta of 1.31. The company’s fifty day simple moving average is $91.37 and its 200-day simple moving average is $83.22. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.05. eBay Inc. has a 52 week low of $58.71 and a 52 week high of $101.15.

eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share 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 business had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same period last year, the business earned $1.19 EPS. The business’s revenue was up 9.5% on a year-over-year basis. eBay has set its FY 2025 guidance at 4.090-4.140 EPS. Q4 2025 guidance at 1.310-1.360 EPS. Equities research analysts predict that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be paid a $0.29 dividend. The ex-dividend date is Friday, November 28th. This represents a $1.16 annualized dividend and a dividend yield of 1.4%. eBay’s payout ratio is 25.22%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on EBAY shares. The Goldman Sachs Group boosted their price target on eBay from $72.00 to $78.00 and gave the company a “sell” rating in a research report on Thursday, October 30th. Piper Sandler reaffirmed an “overweight” rating and issued a $102.00 price objective (up from $95.00) on shares of eBay in a research note on Thursday, October 30th. Truist Financial increased their target price on shares of eBay from $86.00 to $92.00 and gave the stock a “hold” rating in a research report on Monday. TD Cowen raised their price target on shares of eBay from $80.00 to $84.00 and gave the company a “hold” rating in a report on Monday, October 20th. Finally, B. Riley lifted their price target on shares of eBay from $94.00 to $96.00 and gave the company a “buy” rating in a research report on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eighteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $94.52.

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.