Amundi Purchases 838,057 Shares of eBay Inc. $EBAY

Key Points

• Amundi increased its eBay stake by 26.4%, purchasing 838,057 shares to bring its holdings to 4.01 million shares valued at approximately $448.6 million. Institutional investors collectively own 87.48% of eBay.
• eBay reported quarterly earnings of $1.60 per share on $3.13 billion in revenue, exceeding analyst estimates, while revenue rose 14.8% year over year.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $117.24. eBay also declared a quarterly dividend of $0.31 per share, representing a 1.2% yield.

Amundi increased its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 26.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,014,323 shares of the e-commerce company's stock after purchasing an additional 838,057 shares during the period. Amundi owned approximately 0.90% of eBay worth $448,601,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Rakuten Investment Management Inc. bought a new position in eBay in the second quarter valued at about $7,929,000. Marvin & Palmer Associates Inc. acquired a new position in shares of eBay in the second quarter valued at approximately $3,989,000. Lombard Odier Asset Management Europe Ltd bought a new position in eBay in the 2nd quarter valued at approximately $23,393,000. Empowered Funds LLC acquired a new stake in eBay during the 2nd quarter worth approximately $16,967,000. Finally, Glenview Trust Co bought a new stake in eBay during the 2nd quarter worth approximately $1,544,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Jordan Sweetnam sold 1,014 shares of the business's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $101.39, for a total transaction of $102,809.46. Following the completion of the sale, the senior vice president directly owned 35,546 shares of the company's stock, valued at $3,604,008.94. The trade was a 2.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 11,110 shares of the firm's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $108.55, for a total transaction of $1,205,990.50. Following the completion of the transaction, the chief executive officer directly owned 253,211 shares in the company, valued at approximately $27,486,054.05. The trade was a 4.20% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 26,016 shares of company stock worth $2,870,341 in the last ninety days. Corporate insiders own 0.67% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on EBAY. BMO Capital Markets set a $145.00 price target on shares of eBay in a research note on Thursday, August 6th. Sanford C. Bernstein reiterated a "market perform" rating and set a $115.00 price objective on shares of eBay in a research report on Monday, August 3rd. Benchmark lifted their target price on shares of eBay from $115.00 to $134.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Needham & Company LLC boosted their target price on shares of eBay from $122.00 to $135.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $133.00 price target (up from $115.00) on shares of eBay in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $117.24.

eBay Price Performance

Shares of NASDAQ EBAY opened at $103.41 on Tuesday. eBay Inc. has a 12-month low of $78.03 and a 12-month high of $119.31. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.10. The firm has a market cap of $46.02 billion, a PE ratio of 21.41, a P/E/G ratio of 2.75 and a beta of 1.34. The company's fifty day simple moving average is $109.32 and its 200 day simple moving average is $103.92.

eBay (NASDAQ:EBAY - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.10. eBay had a net margin of 18.50% and a return on equity of 47.88%. The firm had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the prior year, the business earned $1.37 earnings per share. The business's quarterly revenue was up 14.8% compared to the same quarter last year. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. As a group, sell-side analysts forecast that eBay Inc. will post 4.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 28th. eBay's dividend payout ratio is presently 25.67%.

eBay Company Profile

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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