ProShare Advisors LLC Has $11.94 Million Position in eBay Inc. $EBAY

ProShare Advisors LLC cut its holdings in eBay Inc. (NASDAQ:EBAY) by 21.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 160,363 shares of the e-commerce company’s stock after selling 43,299 shares during the quarter. ProShare Advisors LLC’s holdings in eBay were worth $11,941,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Procyon Advisors LLC raised its position in eBay by 100.7% in the 2nd quarter. Procyon Advisors LLC now owns 30,789 shares of the e-commerce company’s stock worth $2,293,000 after purchasing an additional 15,449 shares during the last quarter. Teacher Retirement System of Texas increased its stake in shares of eBay by 2.0% in the 2nd quarter. Teacher Retirement System of Texas now owns 171,040 shares of the e-commerce company’s stock valued at $12,736,000 after buying an additional 3,374 shares during the period. Savant Capital LLC increased its stake in shares of eBay by 19.4% in the 2nd quarter. Savant Capital LLC now owns 24,229 shares of the e-commerce company’s stock valued at $1,804,000 after buying an additional 3,933 shares during the period. Machina Capital S.A.S. bought a new stake in shares of eBay during the second quarter worth $1,626,000. Finally, Optas LLC lifted its stake in shares of eBay by 99.0% during the second quarter. Optas LLC now owns 67,974 shares of the e-commerce company’s stock valued at $5,061,000 after acquiring an additional 33,814 shares during the period. 87.48% of the stock is owned by institutional investors.

eBay Stock Up 2.4%

Shares of NASDAQ:EBAY opened at $87.26 on Wednesday. The company has a 50 day moving average price of $90.58 and a two-hundred day moving average price of $83.81. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $39.44 billion, a PE ratio of 18.97, a PEG ratio of 2.39 and a beta of 1.29. eBay Inc. has a 52 week low of $58.71 and a 52 week high of $101.15.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.03. eBay had a net margin of 20.37% and a return on equity of 41.45%. The company had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the previous year, the business earned $1.19 EPS. The firm’s revenue 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. Analysts forecast that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, November 28th. eBay’s dividend payout ratio is 25.22%.

Insiders Place Their Bets

In related news, SVP Jordan Douglas Bradle Sweetnam sold 35,305 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $81.54, for a total value of $2,878,769.70. Following the completion of the transaction, the senior vice president directly owned 2,862 shares in the company, valued at approximately $233,367.48. The trade was a 92.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jamie Iannone sold 7,221 shares of the stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $81.08, for a total value of $585,478.68. Following the sale, the chief executive officer directly owned 235,781 shares of the company’s stock, valued at approximately $19,117,123.48. The trade was a 2.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 63,317 shares of company stock worth $5,361,568. Company insiders own 0.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on EBAY shares. Bank of America lifted their price objective on eBay from $89.00 to $101.00 and gave the stock a “neutral” rating in a research report on Monday, August 25th. Arete upgraded shares of eBay from a “sell” rating to a “neutral” rating and set a $91.00 price target for the company in a research report on Thursday, August 7th. Rothschild & Co Redburn cut their price objective on shares of eBay from $95.00 to $90.00 in a report on Friday, November 7th. Needham & Company LLC raised their price objective on shares of eBay from $95.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Finally, Truist Financial upped their target price on shares of eBay from $86.00 to $92.00 and gave the company a “hold” rating in a research report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eighteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $94.38.

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.