AQR Capital Management LLC Purchases 293,619 Shares of 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 boosted its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 26.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,422,696 shares of the e-commerce company's stock after acquiring an additional 293,619 shares during the quarter. AQR Capital Management LLC owned approximately 0.31% of eBay worth $94,965,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in EBAY. Aptus Capital Advisors LLC grew its holdings in eBay by 10.8% during the 4th quarter. Aptus Capital Advisors LLC now owns 3,624 shares of the e-commerce company's stock worth $225,000 after acquiring an additional 354 shares during the last quarter. Cary Street Partners Financial LLC bought a new stake in eBay during the 4th quarter worth about $270,000. Captrust Financial Advisors boosted its stake in shares of eBay by 17.3% in the 4th quarter. Captrust Financial Advisors now owns 15,992 shares of the e-commerce company's stock valued at $991,000 after purchasing an additional 2,361 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of eBay by 1.0% in the 4th quarter. Cetera Investment Advisers now owns 165,472 shares of the e-commerce company's stock valued at $10,251,000 after purchasing an additional 1,582 shares during the last quarter. Finally, CoreCap Advisors LLC boosted its stake in shares of eBay by 2,988.1% in the 4th quarter. CoreCap Advisors LLC now owns 29,893 shares of the e-commerce company's stock valued at $1,852,000 after purchasing an additional 28,925 shares during the last quarter. Institutional investors own 87.48% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on EBAY shares. Needham & Company LLC raised their target price on shares of eBay from $78.00 to $95.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Susquehanna raised their target price on shares of eBay from $70.00 to $95.00 and gave the company a "neutral" rating in a research note on Friday, August 1st. Argus reaffirmed a "hold" rating on shares of eBay in a research note on Thursday, August 14th. Wedbush reiterated a "neutral" rating and issued a $72.00 price target on shares of eBay in a research report on Wednesday, June 11th. Finally, JPMorgan Chase & Co. increased their price target on shares of eBay from $66.00 to $68.00 and gave the company a "neutral" rating in a research report on Friday, July 11th. One equities research 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 company's stock. According to MarketBeat.com, eBay has an average rating of "Hold" and an average target price of $78.89.

Insider Activity

In other news, SVP Jordan Douglas Bradle Sweetnam sold 22,206 shares of the business's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $77.90, for a total value of $1,729,847.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jamie Iannone sold 7,221 shares of the stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $92.33, for a total transaction of $666,714.93. Following the sale, the chief executive officer owned 246,812 shares in the company, valued at $22,788,151.96. The trade was a 2.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 174,801 shares of company stock valued at $14,763,913. 0.64% of the stock is owned by company insiders.

eBay Stock Up 0.4%

Shares of NASDAQ EBAY traded up $0.36 during midday trading on Monday, reaching $93.02. The company's stock had a trading volume of 6,846,610 shares, compared to its average volume of 5,671,355. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.05. eBay Inc. has a fifty-two week low of $56.33 and a fifty-two week high of $101.15. The stock has a market capitalization of $42.51 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 2.24 and a beta of 1.32. The stock has a 50 day simple moving average of $87.38 and a 200-day simple moving average of $75.77.

eBay (NASDAQ:EBAY - Get Free Report) last issued its earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share for the quarter, topping analysts' consensus estimates of $1.30 by $0.07. eBay had a net margin of 20.86% and a return on equity of 38.97%. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same period in the previous year, the company earned $1.18 earnings per share. The firm's revenue for the quarter was up 6.1% on a year-over-year basis. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. Equities research analysts predict 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 given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 29th. eBay's payout ratio is presently 25.55%.

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.