Marvin & Palmer Associates Inc. Invests $3.99 Million in eBay Inc. $EBAY

Marvin & Palmer Associates Inc. purchased a new position in eBay Inc. (NASDAQ:EBAY) during the second quarter, HoldingsChannel reports. The fund purchased 35,697 shares of the e-commerce company’s stock, valued at approximately $3,989,000. eBay comprises 2.5% of Marvin & Palmer Associates Inc.’s portfolio, making the stock its 17th biggest holding.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Allworth Financial LP lifted its holdings in shares of eBay by 62.6% in the fourth quarter. Allworth Financial LP now owns 23,108 shares of the e-commerce company’s stock valued at $2,013,000 after purchasing an additional 8,899 shares in the last quarter. North Dakota State Investment Board purchased a new position in shares of eBay during the 4th quarter worth approximately $1,809,000. Legal & General Group Plc purchased a new position in shares of eBay during the 2nd quarter worth approximately $506,653,000. Eurizon Capital SGR S.p.A. acquired a new position in shares of eBay during the 4th quarter worth approximately $9,368,000. Finally, Jefferies Financial Group Inc. acquired a new position in shares of eBay during the 4th quarter worth approximately $1,209,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on EBAY shares. Argus upgraded eBay from a “hold” rating to a “buy” rating and set a $133.00 target price on the stock in a report on Friday, August 7th. President Capital boosted their price target on eBay from $102.00 to $126.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Weiss Ratings downgraded eBay from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday. Benchmark increased their price objective on eBay from $115.00 to $134.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Wells Fargo & Company cut eBay from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $105.00 to $92.00 in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $117.24.

Insider Activity

In related news, CEO Jamie Iannone sold 11,110 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $108.55, for a total value 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 document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Douglas Bradle Sweetnam sold 1,014 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $101.39, for a total value of $102,809.46. Following the transaction, the senior vice president owned 35,546 shares in the company, valued at $3,604,008.94. This trade represents a 2.77% decrease in their ownership of the stock. 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 a total of 37,126 shares of company stock valued at $4,087,886 over the last quarter. Company insiders own 0.67% of the company’s stock.

eBay Stock Up 3.3%

Shares of NASDAQ EBAY opened at $105.62 on Friday. eBay Inc. has a 1 year low of $78.03 and a 1 year high of $119.31. The firm’s 50 day moving average price is $109.77 and its 200 day moving average price is $102.87. The firm has a market cap of $47.00 billion, a P/E ratio of 21.87, a price-to-earnings-growth ratio of 2.56 and a beta of 1.37. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.02 and a current ratio of 1.02.

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

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be given 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 dividend yield of 1.2%. eBay’s payout ratio is currently 25.67%.

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.