15,666 Shares in eBay Inc. $EBAY Purchased by Beacon Pointe Advisors LLC

Key Points

• Beacon Pointe Advisors purchased 15,666 eBay shares worth approximately $1.75 million in the second quarter. Institutional investors and hedge funds collectively own 87.48% of eBay’s stock.
• eBay reported quarterly revenue of $3.13 billion and adjusted earnings of $1.60 per share, exceeding analyst expectations, while revenue increased 14.8% year over year. The company also declared a quarterly dividend of $0.31 per share, implying a 1.2% yield.
• Several eBay insiders, including CEO Jamie Iannone, sold shares under pre-arranged Rule 10b5-1 plans; insiders sold 37,126 shares worth $4.09 million over the past 90 days. Analysts maintain a consensus “Hold” rating with an average price target of $117.24.

Beacon Pointe Advisors LLC bought a new position in eBay Inc. (NASDAQ:EBAY - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,666 shares of the e-commerce company's stock, valued at approximately $1,751,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Compass Financial Management LLC acquired a new stake in eBay in the second quarter worth $28,000. Cedar Mountain Advisors LLC boosted its holdings in shares of eBay by 128.9% during the first quarter. Cedar Mountain Advisors LLC now owns 277 shares of the e-commerce company's stock valued at $25,000 after acquiring an additional 156 shares during the period. Cassaday & Co Wealth Management LLC bought a new position in shares of eBay during the first quarter worth about $26,000. Abound Financial LLC bought a new position in shares of eBay during the fourth quarter worth about $26,000. Finally, Jessup Wealth Management Inc acquired a new stake in shares of eBay in the 4th quarter worth about $27,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at eBay

In other news, SVP Jordan Douglas Bradle Sweetnam sold 1,014 shares of the company's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $101.39, for a total value of $102,809.46. Following the completion of the sale, the senior vice president owned 35,546 shares in the company, valued at $3,604,008.94. This represents a 2.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 11,110 shares of the firm's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $108.55, for a total transaction of $1,205,990.50. Following the transaction, the chief executive officer owned 253,211 shares of the company's stock, valued at approximately $27,486,054.05. This trade represents a 4.20% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 37,126 shares of company stock valued at $4,087,886. Corporate insiders own 0.67% of the company's stock.

eBay Stock Performance

Shares of NASDAQ:EBAY opened at $105.62 on Monday. The company has a 50 day moving average of $109.77 and a 200-day moving average of $102.98. The firm has a market cap of $47.00 billion, a P/E ratio of 21.87, a P/E/G ratio of 2.56 and a beta of 1.37. eBay Inc. has a twelve month low of $78.03 and a twelve month high of $119.31. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.10.

eBay (NASDAQ:EBAY - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The e-commerce company reported $1.60 EPS for the quarter, beating analysts' consensus estimates of $1.50 by $0.10. eBay had a net margin of 18.50% and a return on equity of 47.88%. The business had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same quarter last year, the business earned $1.37 earnings per share. The business's revenue for the quarter was up 14.8% on a year-over-year basis. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. As a group, analysts anticipate that eBay Inc. will post 4.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 28th. eBay's payout ratio is currently 25.67%.

Wall Street Analyst Weigh In

EBAY has been the subject of a number of analyst reports. Needham & Company LLC boosted their target price on shares of eBay from $122.00 to $135.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Susquehanna restated a "neutral" rating on shares of eBay in a research note on Friday, August 7th. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $115.00 price target on shares of eBay in a report on Monday, August 3rd. Morgan Stanley reaffirmed an "overweight" rating and set a $127.00 price target on shares of eBay in a report on Thursday, August 6th. Finally, UBS Group boosted their price objective on eBay from $107.00 to $120.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, eBay presently has an average rating of "Hold" and an average price target of $117.24.

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.

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