Allstate Corp Purchases 18,051 Shares of eBay Inc. $EBAY

Key Points

• Allstate Corp more than doubled its eBay stake in the fourth quarter, buying an additional 18,051 shares and bringing its total holdings to 35,422 shares valued at about $3.1 million.
• Institutional investors remain heavily involved in eBay, with 87.48% of the company’s stock owned by institutions. Several other funds also increased their positions during the quarter.
• Wall Street remains mostly cautious on eBay despite recent strength: analysts have raised price targets, but the stock still carries a “Hold” consensus rating and a target of $107.84, even as eBay posted stronger-than-expected earnings and revenue growth.

Allstate Corp boosted its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 103.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,422 shares of the e-commerce company's stock after purchasing an additional 18,051 shares during the period. Allstate Corp's holdings in eBay were worth $3,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Quotient Wealth Partners LLC lifted its stake in eBay by 4.5% in the fourth quarter. Quotient Wealth Partners LLC now owns 2,558 shares of the e-commerce company's stock worth $223,000 after purchasing an additional 110 shares during the last quarter. Childress Capital Advisors LLC raised its stake in shares of eBay by 3.2% during the fourth quarter. Childress Capital Advisors LLC now owns 3,685 shares of the e-commerce company's stock valued at $321,000 after acquiring an additional 114 shares in the last quarter. JFS Wealth Advisors LLC raised its stake in shares of eBay by 57.4% during the fourth quarter. JFS Wealth Advisors LLC now owns 318 shares of the e-commerce company's stock valued at $28,000 after acquiring an additional 116 shares in the last quarter. Freestone Capital Holdings LLC raised its stake in shares of eBay by 3.0% during the fourth quarter. Freestone Capital Holdings LLC now owns 4,613 shares of the e-commerce company's stock valued at $402,000 after acquiring an additional 135 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its stake in shares of eBay by 2.1% during the fourth quarter. Valeo Financial Advisors LLC now owns 6,799 shares of the e-commerce company's stock valued at $592,000 after acquiring an additional 141 shares in the last quarter. Institutional investors own 87.48% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EBAY. JPMorgan Chase & Co. lifted their price target on shares of eBay from $87.00 to $100.00 and gave the company a "neutral" rating in a research note on Thursday, April 30th. BNP Paribas Exane lifted their price target on shares of eBay from $97.00 to $110.00 and gave the company a "neutral" rating in a research note on Tuesday, May 5th. The Goldman Sachs Group lifted their price target on shares of eBay from $88.00 to $100.00 and gave the company a "neutral" rating in a research note on Thursday, April 30th. Benchmark lifted their price target on shares of eBay from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, February 19th. Finally, BMO Capital Markets boosted their price objective on shares of eBay from $120.00 to $130.00 in a research note on Thursday, April 30th. Thirteen research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, eBay has an average rating of "Hold" and a consensus price target of $107.84.

eBay Price Performance

NASDAQ EBAY opened at $110.36 on Thursday. The firm's fifty day simple moving average is $101.92 and its two-hundred day simple moving average is $92.33. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.36. eBay Inc. has a 12-month low of $71.85 and a 12-month high of $119.31. The firm has a market capitalization of $49.00 billion, a P/E ratio of 25.03, a P/E/G ratio of 2.57 and a beta of 1.39.

eBay (NASDAQ:EBAY - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The e-commerce company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.08. eBay had a net margin of 17.58% and a return on equity of 46.11%. The business had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.04 billion. During the same period in the previous year, the company earned $1.38 earnings per share. The business's revenue for the quarter was up 19.5% on a year-over-year basis. eBay has set its Q2 2026 guidance at 1.090-1.140 EPS. Analysts forecast that eBay Inc. will post 4.83 EPS for the current fiscal year.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.1%. eBay's payout ratio is 28.12%.

Insider Activity at eBay

In other news, SVP Jordan Douglas Bradle Sweetnam sold 1,010 shares of the business's stock in a transaction on Monday, May 18th. The shares were sold at an average price of $115.61, for a total transaction of $116,766.10. Following the sale, the senior vice president directly owned 32,146 shares of the company's stock, valued at $3,716,399.06. The trade was a 3.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 50,000 shares of the business's stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $117.04, for a total transaction of $5,852,000.00. Following the sale, the senior vice president directly owned 29,217 shares in the company, valued at $3,419,557.68. This trade represents a 63.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 136,953 shares of company stock valued at $14,139,444 over the last three months. 0.64% of the stock is owned by corporate insiders.

Key Headlines Impacting eBay

Here are the key news stories impacting eBay this week:

• Positive Sentiment: Takeover speculation could still support the stock if a higher or more credible bid emerges, as GameStop’s Ryan Cohen has said he may pursue other options after eBay rejected his $56 billion offer. Wall Street awaits GameStop CEO Cohen's next move after eBay rejected takeover bid
• Positive Sentiment: Wall Street coverage has highlighted eBay’s strong recent earnings and revenue growth, and some analysts still view the company as a steady compounder with improved profitability. Is eBay Stock A Compounding Engine?
• Neutral Sentiment: Brokerages continue to rate eBay as “Hold,” suggesting investors are waiting for clearer catalysts before bidding the shares meaningfully higher. eBay Inc. NASDAQ: EBAY Given Consensus Rating of "Hold" by Brokerages
• Negative Sentiment: Arete Research trimmed its price target on eBay to $111 from $113 and kept a neutral rating, signaling more limited upside from current levels. Arete adjusts price target on eBay to $111 from $113, maintains neutral rating
• Negative Sentiment: eBay SVP Mazen Rawashdeh sold 50,000 shares in a pre-arranged trading plan, a move that can add to investor caution even though it was disclosed and not necessarily a negative signal on fundamentals. SEC Form 4 filing

About eBay

eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price "Buy It Now" transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.

The company's core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.

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