Adage Capital Partners GP L.L.C. Buys 22,950 Shares of eBay Inc. $EBAY

Key Points

• Adage Capital Partners GP L.L.C. increased its stake in eBay Inc. by 6.3%, owning 387,200 shares worth approximately $26.2 million after purchasing an additional 22,950 shares in Q1.
• Analysts have set new price targets for eBay, with Barclays increasing its estimate to $92.00 and Bank of America raising theirs to $101.00, indicating strong potential for the stock.
• eBay reported an earnings per share of $1.37 for the last quarter, exceeding expectations, and announced a quarterly dividend of $0.29 to be paid on September 12th.

Adage Capital Partners GP L.L.C. lifted its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 6.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 387,200 shares of the e-commerce company's stock after purchasing an additional 22,950 shares during the period. Adage Capital Partners GP L.L.C. owned about 0.08% of eBay worth $26,225,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of EBAY. Wealth Preservation Advisors LLC acquired a new stake in eBay in the 1st quarter worth about $26,000. Orion Capital Management LLC acquired a new stake in eBay in the 4th quarter worth about $27,000. Abound Financial LLC acquired a new stake in eBay in the 1st quarter worth about $29,000. Pinney & Scofield Inc. acquired a new position in eBay during the fourth quarter worth $31,000. Finally, Sierra Ocean LLC boosted its position in shares of eBay by 84.9% during the 1st quarter. Sierra Ocean LLC now owns 538 shares of the e-commerce company's stock valued at $36,000 after acquiring an additional 247 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Price Performance

EBAY stock traded up $0.36 on Monday, hitting $93.02. 6,846,610 shares of the company's stock traded hands, compared to its average volume of 5,661,066. eBay Inc. has a 1-year low of $56.33 and a 1-year high of $101.15. The stock has a fifty day moving average of $87.38 and a 200-day moving average of $75.77. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.05. The stock has a market cap of $42.51 billion, a price-to-earnings ratio of 20.49, a P/E/G ratio of 2.24 and a beta of 1.32.

eBay (NASDAQ:EBAY - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.30 by $0.07. eBay had a net margin of 20.86% and a return on equity of 38.97%. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same quarter in the previous year, the business earned $1.18 earnings per share. The firm's revenue was up 6.1% compared to the same quarter last year. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. On average, analysts forecast that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 29th. eBay's dividend payout ratio (DPR) is presently 25.55%.

Insider Buying and Selling at eBay

In other news, SVP Jordan Douglas Bradle Sweetnam sold 22,206 shares of the firm's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $77.90, for a total value of $1,729,847.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Julie A. Loeger sold 75,952 shares of the business's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $93.25, for a total transaction of $7,082,524.00. Following the completion of the transaction, the senior vice president directly owned 53,107 shares of the company's stock, valued at $4,952,227.75. This trade represents a 58.85% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 174,801 shares of company stock valued at $14,763,913. 0.64% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Robert W. Baird upped their price target on eBay from $75.00 to $80.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. Daiwa Capital Markets upgraded shares of eBay from a "neutral" rating to a "buy" rating and set a $70.00 target price for the company in a research note on Monday, May 12th. Susquehanna increased their price target on shares of eBay from $70.00 to $95.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. UBS Group set a $87.00 price target on shares of eBay in a report on Thursday, July 31st. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on eBay from $75.00 to $90.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, eBay has a consensus rating of "Hold" and an average target price of $78.89.

About eBay

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company's marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.