Wealth Enhancement Advisory Services LLC Sells 18,568 Shares of eBay Inc. $EBAY

Wealth Enhancement Advisory Services LLC trimmed its holdings in eBay Inc. (NASDAQ:EBAY) by 9.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,374 shares of the e-commerce company’s stock after selling 18,568 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in eBay were worth $16,596,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of EBAY. Princeton Global Asset Management LLC grew its holdings 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 worth $25,000 after purchasing an additional 269 shares during the period. Financial Consulate Inc. bought a new stake in shares of eBay in the 3rd quarter worth approximately $27,000. GFG Capital LLC purchased a new stake in shares of eBay in the 2nd quarter worth approximately $28,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of eBay in the 3rd quarter worth approximately $28,000. Finally, Sumitomo Mitsui Financial Group Inc. increased its position in eBay by 155.3% during the 2nd quarter. Sumitomo Mitsui Financial Group Inc. now owns 411 shares of the e-commerce company’s stock valued at $30,000 after buying an additional 250 shares in the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Stock Performance

Shares of EBAY stock opened at $93.88 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.06. The company has a 50 day moving average price of $86.06 and a 200-day moving average price of $88.19. eBay Inc. has a 52 week low of $58.71 and a 52 week high of $101.15. The firm has a market capitalization of $42.43 billion, a PE ratio of 20.41, a P/E/G ratio of 2.16 and a beta of 1.35.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share 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 41.94%. The company had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the prior year, the firm earned $1.19 earnings per share. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. eBay has set its FY 2025 guidance at 4.090-4.140 EPS and its Q4 2025 guidance at 1.310-1.360 EPS. As a group, equities research analysts expect that eBay Inc. will post 3.86 earnings per share for the current year.

Analysts Set New Price Targets

EBAY has been the topic of a number of recent research reports. Cantor Fitzgerald increased their target price on eBay from $85.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Wall Street Zen upgraded shares of eBay from a “hold” rating to a “buy” rating in a research note on Saturday, January 3rd. JMP Securities upgraded shares of eBay from a “market perform” rating to a “market outperform” rating and set a $115.00 price objective for the company in a research note on Friday, October 24th. BMO Capital Markets lifted their target price on shares of eBay from $102.00 to $107.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Finally, Citigroup reiterated a “market outperform” rating on shares of eBay in a report on Thursday, October 30th. Fourteen analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, eBay presently has an average rating of “Hold” and an average price target of $95.66.

Insider Transactions at eBay

In related news, SVP Jordan Douglas Bradle Sweetnam sold 35,305 shares of eBay stock in a transaction 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 sale, the senior vice president owned 2,862 shares of the company’s stock, valued at $233,367.48. The trade was a 92.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jamie Iannone sold 7,221 shares of the stock in a transaction dated Wednesday, November 5th. The shares were 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 directly owned 235,781 shares in the company, valued at approximately $19,117,123.48. This represents a 2.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 53,675 shares of company stock worth $4,388,825. Company insiders own 0.64% of the company’s stock.

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.