Voya Investment Management LLC Sells 30,559 Shares of eBay Inc. $EBAY

Voya Investment Management LLC lowered its holdings in eBay Inc. (NASDAQ:EBAY) by 22.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 105,202 shares of the e-commerce company’s stock after selling 30,559 shares during the period. Voya Investment Management LLC’s holdings in eBay were worth $9,568,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. ABN AMRO Bank N.V. bought a new stake in eBay during the 2nd quarter valued at $235,149,000. Arrowstreet Capital Limited Partnership grew its position in shares of eBay by 1,007.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,189,868 shares of the e-commerce company’s stock valued at $163,058,000 after purchasing an additional 1,992,116 shares in the last quarter. M&G PLC grew its position in shares of eBay by 88.8% in the second quarter. M&G PLC now owns 2,785,699 shares of the e-commerce company’s stock valued at $206,142,000 after purchasing an additional 1,310,373 shares in the last quarter. Valeo Financial Advisors LLC raised its stake in shares of eBay by 19,822.5% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,290,981 shares of the e-commerce company’s stock valued at $96,126,000 after purchasing an additional 1,284,501 shares during the period. Finally, Acadian Asset Management LLC lifted its holdings in eBay by 84.2% during the 1st quarter. Acadian Asset Management LLC now owns 2,005,141 shares of the e-commerce company’s stock worth $135,773,000 after purchasing an additional 916,596 shares in the last quarter. 87.48% of the stock is owned by institutional investors.

eBay Price Performance

Shares of NASDAQ:EBAY opened at $84.05 on Wednesday. The company’s fifty day moving average price is $85.74 and its 200-day moving average price is $86.23. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market capitalization of $37.99 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 2.12 and a beta of 1.35. eBay Inc. has a one year low of $58.71 and a one year high of $101.15.

eBay (NASDAQ:EBAY) last announced 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 company 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 41.94%. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.19 earnings per share. eBay has set its FY 2025 guidance at 4.090-4.140 EPS and its Q4 2025 guidance at 1.310-1.360 EPS. On average, equities research analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, November 28th. eBay’s dividend payout ratio (DPR) is currently 25.22%.

Insider Activity at eBay

In other eBay news, CEO Jamie Iannone sold 7,221 shares of eBay stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $91.76, for a total transaction of $662,598.96. Following the transaction, the chief executive officer directly owned 250,223 shares of the company’s stock, valued at approximately $22,960,462.48. This trade represents a 2.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Julie A. Loeger sold 2,896 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $82.44, for a total transaction of $238,746.24. Following the completion of the sale, the senior vice president directly owned 55,990 shares of the company’s stock, valued at $4,615,815.60. This trade represents a 4.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 60,896 shares of company stock worth $5,051,424 in the last quarter. 0.64% of the stock is owned by company insiders.

Analyst Ratings Changes

EBAY has been the subject of a number of recent analyst reports. Cantor Fitzgerald lifted their target price on eBay from $85.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Mizuho initiated coverage on shares of eBay in a research note on Monday, September 29th. They set a “neutral” rating and a $98.00 price objective for the company. B. Riley increased their target price on shares of eBay from $94.00 to $96.00 and gave the stock a “buy” rating in a research note on Monday, October 20th. UBS Group set a $95.00 price target on shares of eBay in a report on Thursday, October 30th. Finally, Citigroup reiterated a “market outperform” rating on shares of eBay in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $94.41.

About eBay

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.