Allianz Asset Management GmbH Grows Holdings in eBay Inc. $EBAY

Key Points

• Allianz Asset Management GmbH increased its stake in eBay by 9.2% in Q2, now owning over 2.2 million shares valued at approximately $165 million.
• eBay reported Q2 earnings of $1.37 per share, exceeding expectations and showing a 6.1% year-over-year revenue growth.
• The stock's average rating is currently a "Hold" with a target price of $84.11, while recent upgrades have raised price targets to a high of $103.

Allianz Asset Management GmbH grew its holdings in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 9.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,217,237 shares of the e-commerce company's stock after buying an additional 187,382 shares during the quarter. Allianz Asset Management GmbH owned 0.48% of eBay worth $165,095,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wealth Preservation Advisors LLC acquired a new stake in shares of eBay during the 1st quarter valued at approximately $26,000. GFG Capital LLC acquired a new stake in eBay in the second quarter worth $28,000. Abound Financial LLC acquired a new position in shares of eBay during the first quarter valued at $29,000. Private Wealth Asset Management LLC increased its holdings in shares of eBay by 1,470.6% during the second quarter. Private Wealth Asset Management LLC now owns 534 shares of the e-commerce company's stock valued at $40,000 after purchasing an additional 500 shares during the period. Finally, Sierra Ocean LLC increased its holdings in shares of eBay by 84.9% during the first quarter. Sierra Ocean LLC now owns 538 shares of the e-commerce company's stock valued at $36,000 after purchasing an additional 247 shares during the period. 87.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on EBAY shares. Cowen reaffirmed a "hold" rating on shares of eBay in a research note on Tuesday, July 22nd. President Capital raised eBay from a "neutral" rating to a "buy" rating and raised their price objective for the company from $74.00 to $103.00 in a research note on Friday, September 19th. Cantor Fitzgerald lifted their price objective on eBay from $69.00 to $85.00 and gave the stock a "neutral" rating in a report on Thursday, July 31st. Morgan Stanley boosted their price objective on eBay from $81.00 to $89.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Finally, Weiss Ratings restated a "buy (b)" rating on shares of eBay in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $84.11.

eBay Stock Performance

Shares of NASDAQ EBAY opened at $90.87 on Thursday. The stock has a 50 day moving average price of $92.95 and a 200 day moving average price of $80.15. eBay Inc. has a 52 week low of $56.33 and a 52 week high of $101.15. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of $41.53 billion, a PE ratio of 20.02, a price-to-earnings-growth ratio of 2.19 and a beta of 1.31.

eBay (NASDAQ:EBAY - Get Free Report) last released its quarterly earnings data 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 return on equity of 38.97% and a net margin of 20.86%.The company had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.64 billion. During the same period last year, the firm posted $1.18 earnings per share. The business's revenue was up 6.1% on a year-over-year basis. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. Analysts predict that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $1.16 annualized dividend and a yield of 1.3%. eBay's payout ratio is currently 25.55%.

Insider Buying and Selling

In other news, CEO Jamie Iannone sold 7,221 shares of eBay stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $92.33, for a total value of $666,714.93. Following the transaction, the chief executive officer owned 246,812 shares in the company, valued at approximately $22,788,151.96. This trade represents a 2.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Cornelius Boone sold 4,439 shares of eBay stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $89.53, for a total value of $397,423.67. Following the completion of the transaction, the senior vice president owned 93,392 shares in the company, valued at approximately $8,361,385.76. The trade was a 4.54% decrease in their position. The disclosure for this sale can be found here. Insiders sold 96,743 shares of company stock valued at $8,979,844 over the last 90 days. 0.64% of the stock is currently owned by insiders.

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.

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