Van ECK Associates Corp trimmed its position in eBay Inc. (NASDAQ:EBAY – Free Report) by 66.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,698 shares of the e-commerce company’s stock after selling 37,715 shares during the quarter. Van ECK Associates Corp’s holdings in eBay were worth $2,090,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Cedar Mountain Advisors LLC lifted its position in shares of eBay by 128.9% during the 1st quarter. Cedar Mountain Advisors LLC now owns 277 shares of the e-commerce company’s stock worth $25,000 after buying an additional 156 shares during the last quarter. Abound Financial LLC acquired a new position in eBay during the fourth quarter worth about $26,000. Cassaday & Co Wealth Management LLC acquired a new position in eBay during the first quarter worth about $26,000. Jessup Wealth Management Inc bought a new position in shares of eBay in the fourth quarter worth about $27,000. Finally, JPL Wealth Management LLC acquired a new stake in shares of eBay in the 3rd quarter valued at approximately $28,000. 87.48% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the stock. UBS Group upped their price objective on shares of eBay from $107.00 to $120.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Needham & Company LLC boosted their target price on shares of eBay from $122.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Daiwa Securities Group upped their price target on shares of eBay from $90.00 to $114.00 in a report on Monday, May 11th. Wells Fargo & Company cut eBay from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $105.00 to $92.00 in a research note on Monday, August 3rd. Finally, Citigroup raised their price objective on eBay from $127.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $117.24.
View Our Latest Stock Report on eBay
eBay Trading Down 2.3%
EBAY opened at $103.41 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.02 and a quick ratio of 1.02. eBay Inc. has a fifty-two week low of $78.03 and a fifty-two week high of $119.31. The company’s 50 day moving average price is $109.47 and its two-hundred day moving average price is $103.61. The firm has a market capitalization of $46.02 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 2.81 and a beta of 1.34.
eBay (NASDAQ:EBAY – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.10. The firm had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.01 billion. eBay had a net margin of 18.50% and a return on equity of 47.88%. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.37 earnings per share. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. As a group, research analysts predict that eBay Inc. will post 4.86 earnings per share for the current year.
eBay Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.24 annualized dividend and a yield of 1.2%. eBay’s payout ratio is presently 25.67%.
Insider Buying and Selling at eBay
In other eBay news, SVP Jordan Sweetnam sold 1,014 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $101.39, for a total transaction of $102,809.46. Following the completion of the transaction, the senior vice president owned 35,546 shares in the company, valued at approximately $3,604,008.94. This trade represents a 2.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 1,919 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $108.51, for a total transaction of $208,230.69. Following the completion of the transaction, the senior vice president owned 32,124 shares in the company, valued at $3,485,775.24. This trade represents a 5.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 26,016 shares of company stock worth $2,870,341. Insiders own 0.67% of the company’s stock.
eBay Profile
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.
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