16,891 Shares of eBay Inc. $EBAY Bought by M Holdings Securities Inc.

Key Points

• M Holdings Securities acquired 16,891 eBay shares in the third quarter, worth approximately $1.8 million.
• Institutional investors own 87.48% of eBay stock, with several large funds reporting new positions.
• eBay beat quarterly earnings and revenue estimates, reporting $1.51 in EPS and $3.21 billion in revenue; analysts’ consensus rating is “Hold,” with an average price target of $123.52.

M Holdings Securities Inc. acquired a new position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 16,891 shares of the e-commerce company's stock, valued at approximately $1,802,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. bought a new stake in eBay in the second quarter valued at approximately $4,406,897,000. Legal & General Group Plc bought a new position in eBay during the second quarter worth $506,653,000. Bank of America Corp DE bought a new position in shares of eBay in the second quarter valued at about $405,182,000. Bank of New York Mellon Corp bought a new position in shares of eBay in the second quarter valued at about $282,479,000. Finally, Nykredit A S bought a new position in shares of eBay in the second quarter valued at about $256,983,000. 87.48% of the stock is owned by institutional investors.

Trending Headlines about eBay

Here are the key news stories impacting eBay this week:

• Positive Sentiment: A Zacks article included eBay among non-tech Nasdaq stocks with improving earnings estimates and growth opportunities, offering a modestly positive investment signal. Zacks article
• Neutral Sentiment: CEO Jamie Iannone sold 11,110 shares for about $1.37 million, reducing his direct holding by 5.16%. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, which makes it less clearly a signal about the company’s near-term outlook. SEC filing
• Negative Sentiment: The UK government is considering restricting under-16s’ access to online marketplaces including eBay, citing concerns about contact with strangers. If adopted, the measure could require age-verification changes and limit access to younger users; it remains under consideration, not a finalized ban. Sky News article

Analysts Set New Price Targets

Several analysts recently commented on the stock. Benchmark lifted their target price on shares of eBay from $115.00 to $134.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Erste Group Bank assumed coverage on shares of eBay in a report on Wednesday, October 21st. They issued a "buy" rating on the stock. Robert W. Baird set a $135.00 price objective on shares of eBay in a research report on Thursday, October 29th. Evercore set a $120.00 price objective on eBay in a report on Thursday, October 29th. Finally, Wedbush upped their target price on eBay from $137.00 to $153.00 and gave the company an "outperform" rating in a research report on Thursday, October 29th. Seventeen research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, eBay presently has a consensus rating of "Hold" and an average target price of $123.52.

Insider Activity

In related news, SVP Jordan Sweetnam sold 1,014 shares of the firm's stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $101.39, for a total value of $102,809.46. Following the sale, the senior vice president directly owned 35,546 shares of the company's stock, valued at $3,604,008.94. This trade represents a 2.77% decrease in their ownership of the stock. The transaction 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 eBay stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $122.98, for a total value of $1,366,307.80. Following the completion of the transaction, the chief executive officer owned 204,049 shares in the company, valued at approximately $25,093,946.02. This represents a 5.16% 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. Insiders sold 34,344 shares of company stock worth $3,795,885 over the last ninety days. 0.67% of the stock is currently owned by insiders.

eBay Stock Performance

Shares of eBay stock opened at $120.97 on Tuesday. The company has a 50 day moving average of $112.86 and a 200-day moving average of $104.71. eBay Inc. has a 1-year low of $78.03 and a 1-year high of $127.74. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.16. The company has a market cap of $53.11 billion, a PE ratio of 26.41, a price-to-earnings-growth ratio of 2.99 and a beta of 1.30.

eBay (NASDAQ:EBAY - Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The e-commerce company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.10. eBay had a net margin of 16.84% and a return on equity of 49.20%. The business had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.12 billion. During the same quarter last year, the business posted $1.36 EPS. The firm's revenue for the quarter was up 13.7% on a year-over-year basis. As a group, equities research analysts forecast that eBay Inc. will post 4.75 earnings per share for the current fiscal year.

eBay Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 4th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, December 4th. eBay's dividend payout ratio is currently 27.07%.

eBay Company Profile

eBay Inc operates a global online marketplace that connects buyers and sellers. Its platform supports both auction-style listings and fixed-price sales across a broad range of categories, including electronics, fashion, collectibles, home goods and auto parts.

Founded by Pierre Omidyar in 1995 as AuctionWeb, the company adopted the eBay name in 1997. It also provides services and tools for sellers, including advertising, payments and shipping features that support transactions on its marketplace.

eBay serves customers and businesses in markets around the world.

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