eBay Inc. $EBAY Stock Sold by Inscription Capital LLC

Inscription Capital LLC decreased its position in shares of eBay Inc. (NASDAQ:EBAY) by 34.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,714 shares of the e-commerce company’s stock after selling 4,625 shares during the quarter. Inscription Capital LLC’s holdings in eBay were worth $924,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Columbus Macro LLC lifted its stake in eBay by 2.5% in the third quarter. Columbus Macro LLC now owns 3,838 shares of the e-commerce company’s stock valued at $407,000 after buying an additional 93 shares during the last quarter. Conning Inc. raised its position in eBay by 5.3% in the 3rd quarter. Conning Inc. now owns 2,083 shares of the e-commerce company’s stock valued at $221,000 after purchasing an additional 104 shares during the last quarter. MGO One Seven LLC raised its position in eBay by 1.3% in the 3rd quarter. MGO One Seven LLC now owns 8,532 shares of the e-commerce company’s stock valued at $905,000 after purchasing an additional 109 shares during the last quarter. Spire Wealth Management boosted its stake in eBay by 29.7% during the 2nd quarter. Spire Wealth Management now owns 489 shares of the e-commerce company’s stock worth $55,000 after purchasing an additional 112 shares during the period. Finally, B. Riley Wealth Advisors Inc. boosted its stake in eBay by 4.6% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 2,818 shares of the e-commerce company’s stock worth $312,000 after purchasing an additional 125 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Price Performance

NASDAQ:EBAY traded down $1.39 during trading hours on Friday, hitting $121.96. The company’s stock had a trading volume of 3,024,769 shares, compared to its average volume of 4,107,002. eBay Inc. has a 52-week low of $78.03 and a 52-week high of $127.74. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.78 and a current ratio of 0.78. The business’s 50-day moving average is $112.55 and its two-hundred day moving average is $104.57. The company has a market capitalization of $53.54 billion, a PE ratio of 26.63, a PEG ratio of 2.89 and a beta of 1.30.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, October 28th. The e-commerce company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.10. The company had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.12 billion. eBay had a net margin of 16.84% and a return on equity of 49.20%. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period last year, the company posted $1.36 earnings per share. As a group, research analysts anticipate that eBay Inc. will post 4.75 EPS for the current fiscal year.

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be given a $0.31 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.0%. eBay’s payout ratio is currently 27.07%.

Key Stories Impacting eBay

Here are the key news stories impacting eBay this week:

• Positive Sentiment: Argus raised its price target to $138 from $133 and reiterated a Buy rating. The higher target signals increased analyst optimism about eBay’s prospects. eBay Stock Price Target Raised at Argus
• Positive Sentiment: Depop is lowering shipping rates and adding delivery features. The changes could make the platform more attractive and convenient for buyers and sellers, supporting engagement across eBay’s marketplace portfolio. eBay trims Depop shipping rates, bolsters delivery features
• Positive Sentiment: Nissan is opening an eBay Canada storefront for factory parts, with local dealers handling orders. The partnership adds branded inventory and expands eBay’s usefulness as a parts marketplace. Nissan becomes first automaker to sell factory parts on eBay Canada
• Neutral Sentiment: eBay is making livestream shopping a strategic growth bet. The format could create another way to engage shoppers, but its eventual contribution to revenue and profitability remains uncertain. Why eBay Is Turning Livestream Shopping Into Its Next Big Bet

Insider Buying and Selling at eBay

In other eBay news, SVP Jordan Sweetnam sold 1,014 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $101.39, for a total value of $102,809.46. Following the completion of the transaction, the senior vice president directly owned 35,546 shares of the company’s stock, valued at $3,604,008.94. This represents a 2.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 11,110 shares of the company’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $107.08, for a total transaction of $1,189,658.80. Following the completion of the sale, the chief executive officer owned 226,269 shares in the company, valued at approximately $24,228,884.52. This trade represents a 4.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 23,234 shares of company stock valued at $2,429,577 over the last quarter. Insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

EBAY has been the topic of a number of recent research reports. UBS Group upgraded shares of eBay from a “neutral” rating to a “buy” rating in a research note on Thursday, October 29th. Erste Group Bank started coverage on eBay in a research report on Wednesday, October 21st. They issued a “buy” rating on the stock. Morgan Stanley upped their price objective on eBay from $132.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday, October 29th. Wells Fargo & Company raised eBay from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $91.00 to $106.00 in a research report on Thursday, October 29th. Finally, Truist Financial lifted their target price on eBay from $115.00 to $133.00 and gave the company a “hold” rating in a research note on Thursday, October 29th. Seventeen equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, eBay currently has an average rating of “Hold” and a consensus target price of $123.52.

eBay Profile

eBay Inc operates a global online marketplace that connects buyers and sellers. Its platform supports both auction-style listings and fixed-price sales across a broad range of categories, including electronics, fashion, collectibles, home goods and auto parts.

Founded by Pierre Omidyar in 1995 as AuctionWeb, the company adopted the eBay name in 1997. It also provides services and tools for sellers, including advertising, payments and shipping features that support transactions on its marketplace.

eBay serves customers and businesses in markets around the world.