Angeles Wealth Management LLC Invests $205,000 in eBay Inc. $EBAY

Key Points

• Angeles Wealth Management LLC has invested $205,000 in eBay by purchasing 2,755 shares, reflecting growing institutional interest in the company.
• Analysts are optimistic about eBay's prospects, with BMO Capital Markets raising its price target from $70 to $102 and multiple analysts maintaining a consensus rating of "Hold."
• eBay's recent earnings report beat expectations, showing a quarterly EPS of $1.37 and revenue of $2.73 billion, leading to a 6.1% year-over-year revenue increase.

Angeles Wealth Management LLC purchased a new position in eBay Inc. (NASDAQ:EBAY - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,755 shares of the e-commerce company's stock, valued at approximately $205,000.

Other large investors also recently modified their holdings of the company. Wealth Preservation Advisors LLC bought a new position in shares of eBay in the 1st quarter worth about $26,000. GFG Capital LLC bought a new position in shares of eBay in the 2nd quarter worth about $28,000. Abound Financial LLC bought a new position in shares of eBay in the 1st quarter worth about $29,000. Sierra Ocean LLC lifted its position in shares of eBay by 84.9% in the 1st quarter. Sierra Ocean LLC now owns 538 shares of the e-commerce company's stock worth $36,000 after buying an additional 247 shares during the last quarter. Finally, North Capital Inc. bought a new position in shares of eBay in the 1st quarter worth about $38,000. 87.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on EBAY shares. BMO Capital Markets raised shares of eBay from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $70.00 to $102.00 in a report on Thursday, July 31st. Susquehanna increased their price objective on shares of eBay from $70.00 to $95.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. Citizens Jmp raised shares of eBay to a "hold" rating in a report on Thursday, July 10th. Jefferies Financial Group increased their price objective on shares of eBay from $60.00 to $65.00 and gave the stock an "underperform" rating in a report on Friday. Finally, Sanford C. Bernstein increased their price objective on shares of eBay from $85.00 to $95.00 and gave the stock a "market perform" rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, eBay presently has a consensus rating of "Hold" and an average target price of $84.59.

eBay Stock Up 0.9%

eBay stock opened at $92.01 on Friday. The stock has a market cap of $42.05 billion, a price-to-earnings ratio of 20.27, a PEG ratio of 2.22 and a beta of 1.31. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.05. The company's 50-day moving average price is $92.89 and its two-hundred day moving average price is $80.57. eBay Inc. has a 52 week low of $56.33 and a 52 week high of $101.15.

eBay (NASDAQ:EBAY - Get Free Report) last released its earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.30 by $0.07. The firm had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.64 billion. eBay had a net margin of 20.86% and a return on equity of 38.97%. eBay's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the company earned $1.18 EPS. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. On average, analysts expect that eBay Inc. will post 3.86 EPS for the current fiscal 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 paid 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 dividend payout ratio (DPR) is presently 25.55%.

Insider Activity at eBay

In other news, SVP Mazen Rawashdeh sold 1,910 shares of eBay stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $89.31, for a total value of $170,582.10. Following the transaction, the senior vice president owned 3,824 shares of the company's stock, valued at $341,521.44. The trade was a 33.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jamie Iannone sold 7,221 shares of eBay stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $92.33, for a total transaction of $666,714.93. Following the completion of the transaction, the chief executive officer directly owned 246,812 shares in the company, valued at $22,788,151.96. This represents a 2.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 96,743 shares of company stock worth $8,979,844 in the last 90 days. Corporate insiders own 0.64% of the company's stock.

eBay Company 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.

Want to see what other hedge funds are holding EBAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eBay Inc. (NASDAQ:EBAY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.