Vanguard Group Inc. Has $4.30 Billion Position in eBay Inc. $EBAY

Vanguard Group Inc. lessened its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 3.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 57,789,182 shares of the e-commerce company’s stock after selling 1,848,790 shares during the period. Vanguard Group Inc. owned 0.13% of eBay worth $4,302,982,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Princeton Global Asset Management LLC boosted its position in shares of eBay by 433.9% in the 2nd quarter. Princeton Global Asset Management LLC now owns 331 shares of the e-commerce company’s stock worth $25,000 after purchasing an additional 269 shares during the last quarter. Wealth Preservation Advisors LLC acquired a new position in eBay in the first quarter valued at about $26,000. GFG Capital LLC acquired a new position in eBay in the second quarter valued at about $28,000. Hantz Financial Services Inc. boosted its holdings in eBay by 153.4% during the second quarter. Hantz Financial Services Inc. now owns 451 shares of the e-commerce company’s stock worth $34,000 after buying an additional 273 shares during the last quarter. Finally, Private Wealth Asset Management LLC grew its position in shares of eBay by 1,470.6% during the 2nd quarter. Private Wealth Asset Management LLC now owns 534 shares of the e-commerce company’s stock worth $40,000 after buying an additional 500 shares during the period. Institutional investors own 87.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Arete upgraded shares of eBay from a “sell” rating to a “neutral” rating and set a $91.00 price target on the stock in a research report on Thursday, August 7th. Wells Fargo & Company upped their target price on shares of eBay from $89.00 to $96.00 and gave the company an “equal weight” rating in a research note on Thursday, October 30th. Cantor Fitzgerald lifted their price target on shares of eBay from $85.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Arete Research upgraded shares of eBay from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 7th. Finally, Bank of America lifted their target price on eBay from $89.00 to $101.00 and gave the stock a “neutral” rating in a report on Monday, August 25th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nineteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $94.69.

Insider Transactions at eBay

In other news, SVP Jordan Douglas Bradle Sweetnam sold 35,305 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $81.54, for a total transaction of $2,878,769.70. Following the completion of the transaction, the senior vice president directly owned 2,862 shares of the company’s stock, valued at $233,367.48. This trade represents a 92.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jamie Iannone sold 7,221 shares of eBay stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $81.08, for a total transaction of $585,478.68. Following the completion of the sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 63,317 shares of company stock valued at $5,361,568 in the last ninety days. Corporate insiders own 0.64% of the company’s stock.

eBay Trading Down 0.7%

Shares of NASDAQ:EBAY opened at $81.28 on Thursday. The firm has a market cap of $36.74 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 2.39 and a beta of 1.29. eBay Inc. has a 12 month low of $58.71 and a 12 month high of $101.15. The company’s fifty day simple moving average is $89.55 and its 200 day simple moving average is $84.37. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.05.

eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.03. The firm had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.73 billion. eBay had a net margin of 20.37% and a return on equity of 41.45%. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.19 EPS. 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, research analysts forecast that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

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

eBay Company 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.