Convergence Investment Partners LLC Boosts Stock Position in eBay Inc. $EBAY

Convergence Investment Partners LLC boosted its holdings in eBay Inc. (NASDAQ:EBAY) by 174.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,874 shares of the e-commerce company’s stock after purchasing an additional 16,438 shares during the period. Convergence Investment Partners LLC’s holdings in eBay were worth $1,927,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Hemington Wealth Management boosted its position in eBay by 7.7% in the second quarter. Hemington Wealth Management now owns 1,742 shares of the e-commerce company’s stock worth $129,000 after purchasing an additional 124 shares during the last quarter. Capital Investment Advisors LLC boosted its position in eBay by 2.2% in the second quarter. Capital Investment Advisors LLC now owns 6,280 shares of the e-commerce company’s stock worth $468,000 after purchasing an additional 138 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its position in eBay by 0.6% in 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 purchasing an additional 143 shares during the last quarter. Rosenberg Matthew Hamilton boosted its position in eBay by 36.5% in the first quarter. Rosenberg Matthew Hamilton now owns 598 shares of the e-commerce company’s stock worth $41,000 after purchasing an additional 160 shares during the last quarter. Finally, Capital Investment Advisory Services LLC boosted its position in eBay by 4.0% in the first quarter. Capital Investment Advisory Services LLC now owns 4,201 shares of the e-commerce company’s stock worth $285,000 after purchasing an additional 160 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Wall Street Analysts Forecast Growth

EBAY has been the topic of several research analyst reports. Susquehanna boosted their price objective on eBay from $70.00 to $95.00 and gave the stock a “neutral” rating in a research report on Friday, August 1st. Needham & Company LLC boosted their target price on eBay from $78.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Piper Sandler boosted their target price on eBay from $74.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. President Capital upgraded eBay from a “neutral” rating to a “buy” rating and boosted their target price for the company from $74.00 to $103.00 in a research note on Friday, September 19th. Finally, B. Riley boosted their target price on eBay from $94.00 to $96.00 and gave the company a “buy” rating in a research note on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eighteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $89.13.

Insider Buying and Selling

In related news, SVP Julie A. Loeger sold 75,952 shares of the business’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $93.25, for a total transaction of $7,082,524.00. Following the completion of the transaction, the senior vice president directly owned 53,107 shares in the company, valued at $4,952,227.75. The trade was a 58.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Cornelius Boone sold 4,439 shares of the business’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $89.53, for a total value of $397,423.67. Following the transaction, the senior vice president owned 93,392 shares of the company’s stock, valued at approximately $8,361,385.76. The trade was a 4.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 96,743 shares of company stock valued at $8,979,844. 0.64% of the stock is owned by company insiders.

eBay Stock Performance

NASDAQ:EBAY opened at $97.20 on Monday. 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 Inc. has a 52-week low of $56.33 and a 52-week high of $101.15. The firm has a market cap of $44.42 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 2.34 and a beta of 1.31. The business’s fifty day moving average is $92.62 and its 200 day moving average is $81.88.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.07. eBay had a return on equity of 38.97% and a net margin of 20.86%.The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same period in the previous year, the company posted $1.18 EPS. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. Research analysts predict that eBay Inc. will post 3.86 EPS for the current year.

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.