Allstate Corp Has $1.28 Million Stock Position in eBay Inc. $EBAY

Key Points

• Allstate Corp increased its holdings in eBay Inc. by 32.0%, acquiring an additional 4,580 shares, bringing its total to 18,913 shares worth approximately $1.28 million.
• Analysts are optimistic about eBay's stock, with recent price target upgrades from multiple firms, including Benchmark raising it to $100.00 and Piper Sandler to $95.00.
• eBay declared a quarterly dividend of $0.29 per share, with an upcoming payment date on September 12th, leading to an annualized yield of approximately 1.2%.

Allstate Corp lifted its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 32.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,913 shares of the e-commerce company's stock after purchasing an additional 4,580 shares during the quarter. Allstate Corp's holdings in eBay were worth $1,281,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Orion Capital Management LLC bought a new stake in eBay in the fourth quarter worth about $27,000. Abound Financial LLC acquired a new stake in eBay during the 1st quarter worth about $29,000. Pinney & Scofield Inc. acquired a new stake in eBay during the 4th quarter worth about $31,000. Itau Unibanco Holding S.A. purchased a new position in eBay during the 4th quarter valued at about $33,000. Finally, Sierra Ocean LLC grew its stake in 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 in the last quarter. 87.48% of the stock is currently owned by institutional investors.

eBay Price Performance

eBay stock traded down $0.97 during mid-day trading on Wednesday, hitting $93.67. 5,617,258 shares of the company were exchanged, compared to its average volume of 5,642,307. 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 fifty day moving average of $84.78 and a 200 day moving average of $74.44. eBay Inc. has a 1-year low of $56.33 and a 1-year high of $101.15. The company has a market capitalization of $42.81 billion, a PE ratio of 20.63, a price-to-earnings-growth ratio of 2.38 and a beta of 1.27.

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, 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 analyst estimates of $2.64 billion. During the same period in the prior year, the company posted $1.18 earnings per share. The business'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. As a group, sell-side analysts expect that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Friday, August 29th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.2%. eBay's dividend payout ratio (DPR) is 25.55%.

Analysts Set New Price Targets

EBAY has been the topic of several research analyst reports. Morgan Stanley lifted their target price on eBay from $81.00 to $89.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Needham & Company LLC upped their target price on eBay from $78.00 to $95.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Cfra Research raised eBay to a "moderate buy" rating in a research report on Thursday, June 5th. Argus reissued a "hold" rating on shares of eBay in a research report on Thursday, August 14th. Finally, TD Securities increased their price objective on eBay from $62.00 to $64.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $78.89.

Insiders Place Their Bets

In other news, SVP Jordan Douglas Bradle Sweetnam sold 22,206 shares of the firm's stock in a transaction on Tuesday, July 15th. The stock was 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Julie A. Loeger sold 75,952 shares of eBay 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 completion of the sale, the senior vice president owned 53,107 shares of the company's stock, valued at approximately $4,952,227.75. The trade was a 58.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 183,209 shares of company stock valued at $15,331,663. 0.64% of the stock is owned by corporate insiders.

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.