Virtus Advisers LLC Invests $205,000 in eBay Inc. $EBAY

Virtus Advisers LLC purchased a new stake in shares of eBay Inc. (NASDAQ:EBAY) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,750 shares of the e-commerce company’s stock, valued at approximately $205,000.

A number of other large investors have also added to or reduced their stakes in EBAY. Princeton Global Asset Management LLC boosted its stake in eBay by 433.9% in the second quarter. Princeton Global Asset Management LLC now owns 331 shares of the e-commerce company’s stock valued at $25,000 after acquiring an additional 269 shares during the last quarter. Wealth Preservation Advisors LLC bought a new stake in shares of eBay in the 1st quarter worth approximately $26,000. GFG Capital LLC bought a new stake in shares of eBay in the 2nd quarter worth approximately $28,000. Sumitomo Mitsui Financial Group Inc. lifted its stake in eBay by 155.3% in the second quarter. Sumitomo Mitsui Financial Group Inc. now owns 411 shares of the e-commerce company’s stock valued at $30,000 after purchasing an additional 250 shares during the last quarter. Finally, Hantz Financial Services Inc. grew 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 valued at $34,000 after purchasing an additional 273 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on EBAY. Cantor Fitzgerald boosted their target price on eBay from $85.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. Citizens Jmp upgraded eBay from a “market perform” rating to an “outperform” rating and set a $115.00 price objective on the stock in a research note on Friday, October 24th. Wells Fargo & Company upped their price objective on shares of eBay from $89.00 to $96.00 and gave the company an “equal weight” rating in a report on Thursday, October 30th. Daiwa Capital Markets reduced their target price on shares of eBay from $99.00 to $84.00 and set a “neutral” rating for the company in a research note on Wednesday, November 12th. Finally, Jefferies Financial Group upped their price target on shares of eBay from $60.00 to $65.00 and gave the company an “underperform” rating in a research note on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty-one have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $94.69.

Insiders Place Their Bets

In other eBay news, CEO Jamie Iannone sold 7,221 shares of the firm’s stock in a transaction dated 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 owned 235,781 shares of the company’s stock, valued at $19,117,123.48. This trade represents a 2.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Cornelius Boone sold 4,439 shares of the business’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $89.53, for a total value of $397,423.67. Following the transaction, the senior vice president directly owned 93,392 shares of the company’s stock, valued at $8,361,385.76. The trade was a 4.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 64,323 shares of company stock valued at $5,444,100 over the last 90 days. 0.64% of the stock is owned by insiders.

eBay Price Performance

EBAY stock opened at $82.91 on Monday. The firm has a 50 day moving average of $88.34 and a 200-day moving average of $85.06. The firm has a market capitalization of $37.47 billion, a P/E ratio of 18.02, a price-to-earnings-growth 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 has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.05.

eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.03. The business had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.73 billion. eBay had a net margin of 20.37% and a return on equity of 41.45%. The business’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 company posted $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, sell-side analysts predict that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors 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 yield of 1.4%. The ex-dividend date is Friday, November 28th. eBay’s payout ratio is presently 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.