Alliancebernstein L.P. Decreases Stock Holdings in eBay Inc. $EBAY

Key Points

• Alliancebernstein L.P. reduced its stake in eBay by 2.0%, now holding approximately 0.12% of the company valued at $38.9 million after selling 11,581 shares.
• Several hedge funds increased their investments in eBay, with Independent Franchise Partners LLP raising its stake by 4.6% and Impax Asset Management boosting its holdings by an impressive 2,536.5%.
• eBay recently reported better-than-expected earnings of $1.37 EPS, surpassing estimates by $0.07, and announced a quarterly dividend of $0.29, set to be paid on September 12th.

Alliancebernstein L.P. reduced its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 2.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 574,561 shares of the e-commerce company's stock after selling 11,581 shares during the quarter. Alliancebernstein L.P. owned approximately 0.12% of eBay worth $38,915,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Independent Franchise Partners LLP lifted its stake in shares of eBay by 4.6% during the 1st quarter. Independent Franchise Partners LLP now owns 11,689,267 shares of the e-commerce company's stock worth $791,714,000 after purchasing an additional 510,629 shares during the last quarter. Invesco Ltd. lifted its stake in shares of eBay by 8.0% during the 1st quarter. Invesco Ltd. now owns 8,441,396 shares of the e-commerce company's stock worth $571,736,000 after purchasing an additional 627,823 shares during the last quarter. Northern Trust Corp increased its position in eBay by 4.4% during the 1st quarter. Northern Trust Corp now owns 7,109,481 shares of the e-commerce company's stock valued at $481,525,000 after buying an additional 300,216 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in eBay by 7.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,834,195 shares of the e-commerce company's stock valued at $361,428,000 after buying an additional 386,568 shares during the last quarter. Finally, Impax Asset Management Group plc raised its stake in eBay by 2,536.5% in the first quarter. Impax Asset Management Group plc now owns 3,535,290 shares of the e-commerce company's stock valued at $239,037,000 after buying an additional 3,401,198 shares during the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on EBAY. Needham & Company LLC increased their price target on eBay from $78.00 to $95.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. BMO Capital Markets upgraded eBay from a "market perform" rating to an "outperform" rating and increased their price target for the company from $70.00 to $102.00 in a research note on Thursday, July 31st. Cowen reiterated a "hold" rating on shares of eBay in a research note on Tuesday, July 22nd. Arete Research upgraded eBay from a "strong sell" rating to a "hold" rating in a research note on Thursday, August 7th. Finally, Citizens Jmp upgraded eBay to a "hold" rating in a research note on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $78.89.

Insider Transactions at eBay

In related news, SVP Jordan Douglas Bradle Sweetnam sold 23,597 shares of the firm's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $77.38, for a total transaction of $1,825,935.86. Following the sale, the senior vice president directly owned 44,413 shares of the company's stock, valued at $3,436,677.94. This trade represents a 34.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Julie A. Loeger sold 75,952 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $93.25, for a total value of $7,082,524.00. Following the sale, the senior vice president directly owned 53,107 shares in the company, valued at approximately $4,952,227.75. This trade represents a 58.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 174,801 shares of company stock worth $14,763,913 over the last three months. 0.64% of the stock is currently owned by insiders.

eBay Trading Up 0.4%

Shares of NASDAQ:EBAY opened at $93.02 on Tuesday. eBay Inc. has a 52-week low of $56.33 and a 52-week high of $101.15. The stock has a market cap of $42.51 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 2.24 and a beta of 1.32. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.05. The business has a 50-day moving average price of $87.38 and a 200-day moving average price of $75.77.

eBay (NASDAQ:EBAY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.07. eBay had a return on equity of 38.97% and a net margin of 20.86%.The firm had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.64 billion. During the same period last year, the business posted $1.18 earnings per share. The company's revenue for the quarter was up 6.1% compared to the same quarter last year. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. Equities analysts predict that eBay Inc. will post 3.86 EPS for the current year.

eBay Announces Dividend

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

eBay Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.