AQR Capital Management LLC Grows Stake in eBay Inc. $EBAY

Key Points

• AQR Capital Management LLC increased its stake in eBay Inc. by 26.0% during the 1st quarter, now owning approximately $94.97 million worth of shares.
• CEO Jamie Iannone and SVP Jordan Douglas Bradle Sweetnam sold significant amounts of eBay stock, with Iannone selling 12,644 shares for around $961,197 and Sweetnam selling 23,597 shares for about $1.83 million.
• Analysts have mixed views on eBay, with Barclays raising the price target to $92.00 while others maintain a consensus rating of "Hold" with an average price target of $78.89.

AQR Capital Management LLC grew its holdings in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 26.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,422,696 shares of the e-commerce company's stock after buying an additional 293,619 shares during the period. AQR Capital Management LLC owned 0.31% of eBay worth $94,965,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Marvin & Palmer Associates Inc. purchased a new position in shares of eBay during the first quarter valued at approximately $2,958,000. Assenagon Asset Management S.A. boosted its position in shares of eBay by 0.5% during the first quarter. Assenagon Asset Management S.A. now owns 53,089 shares of the e-commerce company's stock valued at $3,596,000 after purchasing an additional 246 shares in the last quarter. IFP Advisors Inc boosted its position in shares of eBay by 59.6% during the first quarter. IFP Advisors Inc now owns 3,857 shares of the e-commerce company's stock valued at $261,000 after purchasing an additional 1,440 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of eBay by 2.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 79,452 shares of the e-commerce company's stock valued at $5,381,000 after purchasing an additional 2,095 shares in the last quarter. Finally, National Pension Service boosted its position in shares of eBay by 0.7% during the first quarter. National Pension Service now owns 894,594 shares of the e-commerce company's stock valued at $60,591,000 after purchasing an additional 5,782 shares in the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Stock Down 1.1%

eBay stock traded down $1.03 during mid-day trading on Wednesday, hitting $91.43. The company had a trading volume of 971,645 shares, compared to its average volume of 5,626,698. 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 stock's 50 day moving average price is $87.71 and its two-hundred day moving average price is $75.89. eBay Inc. has a 12 month low of $56.33 and a 12 month high of $101.15. The company has a market capitalization of $41.78 billion, a PE ratio of 20.15, a price-to-earnings-growth ratio of 2.25 and a beta of 1.32.

eBay (NASDAQ:EBAY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company's quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.18 earnings per share. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. As a group, sell-side analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, August 29th. eBay's dividend payout ratio is presently 25.55%.

Insider Activity

In other eBay news, SVP Julie A. Loeger sold 75,952 shares of the company's 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 in the company, valued at $4,952,227.75. This represents a 58.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Jordan Douglas Bradle Sweetnam sold 23,597 shares of the company's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $77.38, for a total value of $1,825,935.86. Following the completion of the sale, the senior vice president owned 44,413 shares of the company's stock, valued at approximately $3,436,677.94. The trade was a 34.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 174,801 shares of company stock valued at $14,763,913 over the last ninety days. 0.64% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on EBAY shares. Wall Street Zen lowered eBay from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. BMO Capital Markets upgraded eBay from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $70.00 to $102.00 in a research report on Thursday, July 31st. Deutsche Bank Aktiengesellschaft lifted their price target on eBay from $75.00 to $90.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Arete Research upgraded eBay from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 7th. Finally, UBS Group set a $87.00 price target on eBay in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $78.89.

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.