Clifford Swan Investment Counsel LLC Sells 40,759 Shares of eBay Inc. $EBAY

Clifford Swan Investment Counsel LLC cut its stake in shares of eBay Inc. (NASDAQ:EBAY) by 26.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 111,476 shares of the e-commerce company’s stock after selling 40,759 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in eBay were worth $12,457,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Rakuten Investment Management Inc. purchased a new stake in shares of eBay in the second quarter worth $7,929,000. Marvin & Palmer Associates Inc. bought a new stake in shares of eBay in the second quarter worth approximately $3,989,000. Lombard Odier Asset Management Europe Ltd bought a new stake in eBay in the 2nd quarter worth approximately $23,393,000. Empowered Funds LLC purchased a new stake in eBay during the second quarter valued at $16,967,000. Finally, Glenview Trust Co purchased a new stake in shares of eBay during the 2nd quarter valued at about $1,544,000. Institutional investors own 87.48% of the company’s stock.

Insider Buying and Selling

In other eBay news, CEO Jamie Iannone sold 11,110 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $108.55, for a total transaction of $1,205,990.50. Following the completion of 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 hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 1,919 shares of eBay stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $108.51, for a total value of $208,230.69. Following the completion of the sale, the senior vice president directly owned 32,124 shares in the company, valued at $3,485,775.24. This represents a 5.64% 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. In the last 90 days, insiders sold 37,126 shares of company stock valued at $4,087,886. 0.67% of the stock is owned by company insiders.

eBay Price Performance

Shares of EBAY opened at $103.56 on Tuesday. eBay Inc. has a twelve month low of $78.03 and a twelve month high of $119.31. The company has a 50 day moving average of $109.74 and a two-hundred day moving average of $103.09. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.10. The company has a market cap of $46.08 billion, a price-to-earnings ratio of 21.44, a price-to-earnings-growth ratio of 2.56 and a beta of 1.37.

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

eBay Dividend Announcement

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

eBay News Summary

Here are the key news stories impacting eBay this week:

• Positive Sentiment: GameStop’s large eBay stake provides a notable vote of confidence. GameStop converted a previously disclosed derivative position into approximately 43.4 million eBay shares valued near $4.95 billion, potentially making it an influential shareholder rather than an acquisition candidate. The transaction generated an approximately $238 million gain for GameStop and highlights eBay’s value as a major digital-commerce asset. GameStop Turns eBay Pursuit Into a Nearly $5 Billion Investment
• Positive Sentiment: Used cameras remain a strong category in Japan. A report identified used cameras as one of eBay’s top-selling product categories in Japan, second only to fashion, supporting the company’s cross-border commerce strategy and demand for collectible and pre-owned goods. In Japan, used cameras are one of eBay’s top sellers
• Neutral Sentiment: eBay’s airbag ban could improve marketplace trust and safety. The company reportedly prohibited airbag sales because of counterfeit concerns. The policy may reduce a limited source of marketplace volume, but it could strengthen consumer confidence and reduce regulatory and reputational risks. eBay finally bans airbag sales due to counterfeit concerns
• Negative Sentiment: Sector-wide profit-taking pressured online-commerce stocks. Shopify, eBay and Etsy all slipped as traders reduced exposure following a strong August rally. The move appeared to reflect cooling momentum rather than an eBay downgrade or new company-specific negative announcement. Shopify Falls as Profit Taking Follows Rally

Analysts Set New Price Targets

EBAY has been the subject of a number of analyst reports. Argus upgraded eBay from a “hold” rating to a “buy” rating and set a $133.00 price target for the company in a research report on Friday, August 7th. Citizens Jmp downgraded shares of eBay from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 4th. Robert W. Baird set a $126.00 price objective on eBay in a report on Thursday, August 6th. Cantor Fitzgerald decreased their target price on shares of eBay from $110.00 to $106.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. Finally, Needham & Company LLC raised their price target on eBay from $122.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $117.24.

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.