WBI Investments LLC Sells 8,372 Shares of eBay Inc. $EBAY

WBI Investments LLC trimmed its position in eBay Inc. (NASDAQ:EBAY) by 29.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,435 shares of the e-commerce company’s stock after selling 8,372 shares during the quarter. WBI Investments LLC’s holdings in eBay were worth $1,522,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Procyon Advisors LLC raised its stake in eBay by 100.7% during the second quarter. Procyon Advisors LLC now owns 30,789 shares of the e-commerce company’s stock worth $2,293,000 after acquiring an additional 15,449 shares in the last quarter. Teacher Retirement System of Texas boosted 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 purchasing an additional 3,374 shares in the last quarter. Savant Capital LLC grew its holdings 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 worth $1,804,000 after purchasing an additional 3,933 shares during the last quarter. Machina Capital S.A.S. acquired a new stake in shares of eBay during the 2nd quarter worth about $1,626,000. Finally, denkapparat Operations GmbH increased its position in shares of eBay by 112.9% during the 2nd quarter. denkapparat Operations GmbH now owns 8,876 shares of the e-commerce company’s stock worth $661,000 after purchasing an additional 4,706 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EBAY has been the topic of several research analyst reports. Wall Street Zen cut shares of eBay from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. The Goldman Sachs Group raised their price target on eBay from $72.00 to $78.00 and gave the company a “sell” rating in a report on Thursday, October 30th. Wells Fargo & Company boosted their price objective on eBay from $89.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 30th. Mizuho initiated coverage on eBay in a research note on Monday, September 29th. They issued a “neutral” rating and a $98.00 target price for the company. Finally, Needham & Company LLC lifted their price target on eBay from $95.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nineteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $94.69.

Insider Buying and Selling at eBay

In other news, SVP Cornelius Boone sold 4,439 shares of the stock in a transaction on 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 owned 93,392 shares of the company’s stock, valued at $8,361,385.76. This represents a 4.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jamie Iannone sold 7,221 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer owned 235,781 shares in the company, valued at $19,117,123.48. This represents a 2.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 63,317 shares of company stock worth $5,361,568. 0.64% of the stock is currently owned by insiders.

eBay Price Performance

Shares of EBAY stock opened at $82.16 on Tuesday. The firm has a market cap of $37.14 billion, a price-to-earnings ratio of 17.86, 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 has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.05. The stock has a 50-day moving average price of $89.96 and a 200 day moving average price of $84.29.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the prior year, the company posted $1.19 EPS. The company’s revenue was up 9.5% compared to the same quarter last year. eBay has set its FY 2025 guidance at 4.090-4.140 EPS. Q4 2025 guidance at 1.310-1.360 EPS. Research analysts expect that eBay Inc. will post 3.86 EPS for the current year.

eBay Dividend Announcement

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

About eBay

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.