Corebridge Financial Inc. Sells 10,310 Shares of eBay Inc. $EBAY

Corebridge Financial Inc. lessened its position in eBay Inc. (NASDAQ:EBAY) by 5.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 194,543 shares of the e-commerce company’s stock after selling 10,310 shares during the period. Corebridge Financial Inc.’s holdings in eBay were worth $13,176,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Marvin & Palmer Associates Inc. bought a new position in shares of eBay in the 1st quarter valued at about $2,958,000. Assenagon Asset Management S.A. grew its position in shares of eBay by 0.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 53,089 shares of the e-commerce company’s stock valued at $3,596,000 after acquiring an additional 246 shares during the period. IFP Advisors Inc grew its position in shares of eBay by 59.6% in the 1st quarter. IFP Advisors Inc now owns 3,857 shares of the e-commerce company’s stock valued at $261,000 after acquiring an additional 1,440 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of eBay by 2.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 79,452 shares of the e-commerce company’s stock valued at $5,381,000 after acquiring an additional 2,095 shares during the period. Finally, National Pension Service grew its position in shares of eBay by 0.7% in the 1st quarter. National Pension Service now owns 894,594 shares of the e-commerce company’s stock valued at $60,591,000 after acquiring an additional 5,782 shares during the period. Institutional investors own 87.48% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on EBAY shares. Needham & Company LLC lifted their target price on shares of eBay from $78.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Cantor Fitzgerald lifted their target price on shares of eBay from $69.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, July 31st. Daiwa America raised shares of eBay from a “hold” rating to a “strong-buy” rating in a report on Monday, May 12th. Benchmark lifted their target price on shares of eBay from $78.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Finally, Morgan Stanley lifted their target price on shares of eBay from $81.00 to $89.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $78.89.

eBay Stock Performance

NASDAQ EBAY opened at $94.64 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $43.25 billion, a P/E ratio of 20.85, a P/E/G ratio of 2.38 and a beta of 1.27. eBay Inc. has a 12-month low of $56.33 and a 12-month high of $101.15. The firm has a 50-day moving average price of $84.46 and a two-hundred day moving average price of $74.31.

eBay (NASDAQ:EBAY) last posted 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. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.64 billion. eBay had a net margin of 20.86% and a return on equity of 38.97%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.18 EPS. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. Analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.16 dividend on an annualized basis and a yield of 1.2%. eBay’s payout ratio is currently 25.55%.

Insider Buying and Selling at eBay

In other news, SVP Cornelius Boone sold 2,985 shares of the business’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $78.67, for a total value of $234,829.95. Following the completion of the transaction, the senior vice president directly owned 92,053 shares in the company, valued at approximately $7,241,809.51. The trade was a 3.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jordan Douglas Bradle Sweetnam sold 22,206 shares of the business’s stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $77.90, for a total transaction of $1,729,847.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 183,209 shares of company stock worth $15,331,663. 0.64% of the stock is currently owned by company insiders.

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.