Bank of New York Mellon Corp Reduces Stake in eBay Inc. $EBAY

Bank of New York Mellon Corp reduced its stake in shares of eBay Inc. (NASDAQ:EBAY) by 5.8% in the first quarter, Holdings Channel reports. The fund owned 2,800,459 shares of the e-commerce company’s stock after selling 173,105 shares during the quarter. Bank of New York Mellon Corp’s holdings in eBay were worth $254,898,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of EBAY. Illinois Municipal Retirement Fund lifted its stake in eBay by 0.6% in the first quarter. Illinois Municipal Retirement Fund now owns 297,636 shares of the e-commerce company’s stock valued at $27,091,000 after purchasing an additional 1,914 shares during the last quarter. MASTERINVEST Kapitalanlage GmbH raised its stake in shares of eBay by 8.4% in the first quarter. MASTERINVEST Kapitalanlage GmbH now owns 19,260 shares of the e-commerce company’s stock valued at $1,753,000 after buying an additional 1,499 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of eBay by 9.7% in the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 210,326 shares of the e-commerce company’s stock valued at $19,144,000 after buying an additional 18,600 shares during the period. Checchi Capital Advisers LLC increased its holdings in eBay by 12.7% in the 1st quarter. Checchi Capital Advisers LLC now owns 7,522 shares of the e-commerce company’s stock worth $685,000 after acquiring an additional 847 shares during the last quarter. Finally, Calamos Wealth Management LLC purchased a new stake in eBay in the 1st quarter worth about $218,000. Institutional investors own 87.48% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on EBAY shares. Citizens Jmp increased their target price on eBay from $120.00 to $125.00 and gave the stock a “market outperform” rating in a research report on Tuesday. Daiwa Securities Group increased their price objective on eBay from $90.00 to $114.00 in a report on Monday, May 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of eBay in a research report on Friday, June 12th. Piper Sandler reaffirmed an “overweight” rating and set a $115.00 target price (up from $105.00) on shares of eBay in a report on Thursday, April 30th. Finally, Bank of America increased their target price on shares of eBay from $102.00 to $110.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 21st. Fourteen investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, eBay currently has an average rating of “Hold” and a consensus target price of $110.52.

Insiders Place Their Bets

In other news, SVP Mazen Rawashdeh sold 1,919 shares of eBay stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $108.51, for a total value of $208,230.69. Following the transaction, the senior vice president owned 32,124 shares in the company, valued at approximately $3,485,775.24. The trade was a 5.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Douglas Bradle Sweetnam sold 863 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $109.17, for a total value of $94,213.71. Following the completion of the sale, the senior vice president directly owned 34,533 shares of the company’s stock, valued at approximately $3,769,967.61. This trade represents a 2.44% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 76,012 shares of company stock valued at $8,747,852 over the last three months. Insiders own 0.67% of the company’s stock.

eBay Price Performance

Shares of eBay stock opened at $112.06 on Friday. The firm has a market capitalization of $49.75 billion, a PE ratio of 25.41, a price-to-earnings-growth ratio of 2.45 and a beta of 1.37. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.36. eBay Inc. has a 12 month low of $76.85 and a 12 month high of $119.31. The business’s 50-day moving average price is $111.60 and its 200-day moving average price is $99.35.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, April 29th. The e-commerce company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.58 by $0.08. The firm had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.04 billion. eBay had a net margin of 17.58% and a return on equity of 46.11%. The business’s revenue was up 19.5% compared to the same quarter last year. During the same period last year, the firm posted $1.38 earnings per share. eBay has set its Q2 2026 guidance at 1.090-1.140 EPS. Sell-side analysts forecast that eBay Inc. will post 4.87 EPS for the current fiscal year.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were paid a $0.31 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.24 annualized dividend and a yield of 1.1%. eBay’s payout ratio is currently 28.12%.

eBay News Roundup

Here are the key news stories impacting eBay this week:

• Positive Sentiment: Wedbush initiated coverage on eBay with an Outperform rating and a $135 price target, implying meaningful upside from current levels. This kind of analyst support can help reinforce investor confidence in the stock. Benzinga coverage
• Positive Sentiment: The UK competition watchdog cleared eBay’s $1.2 billion Depop acquisition, removing a regulatory hurdle and signaling progress on eBay’s growth-by-acquisition strategy. Retail Insight Network article
• Neutral Sentiment: Coverage also noted that eBay currently has a “Hold” consensus from brokerages, which suggests analysts remain split on the near-term outlook despite the recent bullish target. American Banking News article
• Neutral Sentiment: A product-related mention about a classic Camaro being listed on eBay is not a meaningful company-specific catalyst for the stock. MSN article
• Negative Sentiment: Multiple reports highlighted GameStop CEO Ryan Cohen’s renewed push to acquire eBay, including his comment that the company is “coming for eBay one way or another.” While an acquisition premium can sometimes support a stock, the repeated takeover pressure and talk of appealing directly to shareholders may also create uncertainty and volatility for eBay investors. Yahoo Finance article

eBay Company 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.