Donoghue Forlines LLC Purchases New Position in eBay Inc. $EBAY

Donoghue Forlines LLC purchased a new stake in eBay Inc. (NASDAQ:EBAY) during the second quarter, HoldingsChannel.com reports. The firm purchased 34,703 shares of the e-commerce company’s stock, valued at approximately $2,584,000.

Other hedge funds also recently modified their holdings of the company. W.H. Cornerstone Investments Inc. acquired a new position in shares of eBay in the 2nd quarter worth approximately $206,000. MV Capital Management Inc. raised its position in eBay by 19.5% in the 2nd quarter. MV Capital Management Inc. now owns 2,348 shares of the e-commerce company’s stock valued at $175,000 after purchasing an additional 383 shares during the last quarter. D Orazio & Associates Inc. boosted its stake in eBay by 2.6% in the second quarter. D Orazio & Associates Inc. now owns 6,679 shares of the e-commerce company’s stock worth $497,000 after purchasing an additional 168 shares in the last quarter. ABN Amro Investment Solutions bought a new stake in shares of eBay during the second quarter worth $6,798,000. Finally, Impax Asset Management Group plc increased its stake in shares of eBay by 7.8% in the second quarter. Impax Asset Management Group plc now owns 3,810,634 shares of the e-commerce company’s stock valued at $282,838,000 after buying an additional 275,344 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Stock Performance

Shares of EBAY stock opened at $84.43 on Friday. The stock has a market cap of $38.16 billion, a PE ratio of 18.35, a price-to-earnings-growth ratio of 2.39 and a beta of 1.29. The stock has a 50-day moving average of $90.36 and a 200-day moving average of $83.84. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.00 and a quick ratio of 1.00. eBay Inc. has a one year low of $58.71 and a one year high of $101.15.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share (EPS) 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 firm had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter in the previous year, the company earned $1.19 earnings per share. The business’s revenue for the quarter 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. As a group, sell-side analysts expect that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Stifel Nicolaus reduced their price target on shares of eBay from $89.00 to $88.00 in a research report on Thursday, October 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of eBay in a research note on Wednesday, October 8th. TD Cowen increased their price target on shares of eBay from $80.00 to $84.00 and gave the company a “hold” rating in a research note on Monday, October 20th. President Capital upgraded shares of eBay from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $74.00 to $103.00 in a research report on Friday, September 19th. Finally, Cantor Fitzgerald upped their price objective on eBay from $85.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nineteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $94.69.

Insiders Place Their Bets

In other news, SVP Mazen Rawashdeh sold 1,910 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $89.31, for a total transaction of $170,582.10. Following the sale, the senior vice president owned 3,824 shares of the company’s stock, valued at $341,521.44. This trade represents a 33.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jamie Iannone sold 7,221 shares of eBay stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $81.08, for a total value of $585,478.68. Following the transaction, the chief executive officer owned 235,781 shares in the company, valued at $19,117,123.48. This trade represents a 2.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 63,317 shares of company stock worth $5,361,568. 0.64% of the stock is owned by corporate insiders.

eBay 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.