Allspring Global Investments Holdings LLC Has $7.38 Million Stake in eBay Inc. $EBAY

Allspring Global Investments Holdings LLC trimmed its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 62.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 97,020 shares of the e-commerce company's stock after selling 162,217 shares during the period. Allspring Global Investments Holdings LLC's holdings in eBay were worth $7,383,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Independent Franchise Partners LLP lifted its holdings in 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. increased its stake in 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 acquiring an additional 627,823 shares during the period. Northern Trust Corp increased its stake 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 worth $481,525,000 after acquiring an additional 300,216 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in eBay by 5.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,157,105 shares of the e-commerce company's stock worth $417,021,000 after acquiring an additional 322,910 shares during the period. Finally, Impax Asset Management Group plc increased its stake in eBay by 2,536.5% during the 1st quarter. Impax Asset Management Group plc now owns 3,535,290 shares of the e-commerce company's stock worth $239,037,000 after acquiring an additional 3,401,198 shares during the period. 87.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Argus reiterated a "hold" rating on shares of eBay in a research note on Thursday, August 14th. President Capital upgraded eBay from a "neutral" rating to a "buy" rating and lifted their price target for the company from $74.00 to $103.00 in a research note on Friday, September 19th. Cowen reiterated a "hold" rating on shares of eBay in a research note on Tuesday, July 22nd. Mizuho began coverage on eBay in a research note on Monday, September 29th. They issued a "neutral" rating and a $98.00 price target on the stock. Finally, Jefferies Financial Group boosted their price objective on eBay from $60.00 to $65.00 and gave the stock an "underperform" rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $84.59.

eBay Stock Up 0.9%

Shares of EBAY opened at $92.01 on Monday. The company has a market capitalization of $42.05 billion, a PE ratio of 20.27, a PEG ratio of 2.22 and a beta of 1.31. eBay Inc. has a 12 month low of $56.33 and a 12 month high of $101.15. The stock's 50-day moving average price is $92.89 and its two-hundred day moving average price is $80.66. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.05.

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

eBay Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were issued a dividend of $0.29 per share. 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 presently 25.55%.

Insiders Place Their Bets

In other news, CEO Jamie Iannone sold 7,221 shares of the business's stock in a transaction dated 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 directly owned 246,812 shares of the company's stock, valued at $22,788,151.96. The trade was a 2.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Cornelius Boone sold 4,439 shares of the business's stock in a transaction dated 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 directly owned 93,392 shares in the company, valued at $8,361,385.76. This represents a 4.54% decrease in their ownership of the stock. 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 owned by company 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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