ABN AMRO Bank N.V. Makes New Investment in eBay Inc. $EBAY

Key Points

• ABN AMRO Bank purchased 197,257 eBay shares in the second quarter, worth approximately $22.1 million. Institutional investors collectively own 87.48% of eBay’s stock.
• eBay reported stronger-than-expected quarterly results, with $1.60 in earnings per share and $3.13 billion in revenue, representing 14.8% year-over-year growth.
• eBay shares opened at $103.14, while analysts maintained a consensus “Hold” rating and an average price target of $117.09. The company also declared a quarterly dividend of $0.31 per share.

ABN AMRO Bank N.V. purchased a new stake in eBay Inc. (NASDAQ:EBAY - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 197,257 shares of the e-commerce company's stock, valued at approximately $22,057,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in EBAY. Spire Wealth Management grew its holdings in eBay by 29.7% in the 2nd quarter. Spire Wealth Management now owns 489 shares of the e-commerce company's stock valued at $55,000 after buying an additional 112 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in shares of eBay by 4.6% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 2,818 shares of the e-commerce company's stock worth $312,000 after acquiring an additional 125 shares during the period. Capital Asset Advisory Services LLC raised its holdings in shares of eBay by 3.3% during the 1st quarter. Capital Asset Advisory Services LLC now owns 4,035 shares of the e-commerce company's stock worth $367,000 after acquiring an additional 129 shares during the period. Harfst & Associates Inc. boosted its position in shares of eBay by 0.6% during the 4th quarter. Harfst & Associates Inc. now owns 22,461 shares of the e-commerce company's stock valued at $1,956,000 after acquiring an additional 131 shares during the last quarter. Finally, Commerce Bank boosted its position in shares of eBay by 0.5% during the 4th quarter. Commerce Bank now owns 28,313 shares of the e-commerce company's stock valued at $2,466,000 after acquiring an additional 132 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company's stock.

eBay Trading Down 1.4%

Shares of EBAY stock opened at $103.14 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $45.90 billion, a P/E ratio of 21.35, a price-to-earnings-growth ratio of 2.49 and a beta of 1.37. The company has a 50 day moving average price of $110.66 and a 200 day moving average price of $102.00. eBay Inc. has a fifty-two week low of $78.03 and a fifty-two week high of $119.31.

eBay (NASDAQ:EBAY - Get Free Report) last announced its earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.10. eBay had a net margin of 18.50% and a return on equity of 47.88%. The firm had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the prior year, the firm earned $1.37 EPS. The firm'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. Equities research analysts predict that eBay Inc. will post 4.87 EPS for the current fiscal year.

eBay Dividend Announcement

The business 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 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, August 28th. eBay's dividend payout ratio (DPR) is presently 25.67%.

Insider Activity

In other eBay news, CEO Jamie Iannone sold 11,110 shares of the company's stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $108.55, for a total transaction of $1,205,990.50. Following the sale, the chief executive officer owned 253,211 shares in the company, valued at $27,486,054.05. This represents a 4.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Douglas Bradle Sweetnam sold 863 shares of the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $109.17, for a total value of $94,213.71. Following the completion of the sale, the senior vice president directly owned 34,533 shares in the company, valued at $3,769,967.61. This represents a 2.44% 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. Over the last three months, insiders have sold 87,122 shares of company stock worth $9,953,842. Corporate insiders own 0.67% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on EBAY shares. Cantor Fitzgerald decreased their price target on eBay from $110.00 to $106.00 and set a "neutral" rating on the stock in a research note on Thursday, August 6th. Weiss Ratings raised eBay from a "buy (b)" rating to a "buy (b+)" rating in a research report on Tuesday. JPMorgan Chase & Co. boosted their price objective on shares of eBay from $87.00 to $100.00 and gave the company a "neutral" rating in a report on Thursday, April 30th. Citizens Jmp cut shares of eBay from an "outperform" rating to a "market perform" rating in a research report on Tuesday, August 4th. Finally, UBS Group increased their target price on shares of eBay from $107.00 to $120.00 and gave the stock a "neutral" rating in a research note on Tuesday. Fourteen investment analysts have rated the stock with a Buy rating, seventeen 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 has an average rating of "Hold" and an average target price of $117.09.

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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