AXQ Capital LP Takes Position in eBay Inc. $EBAY

Key Points

• AXQ Capital LP opened a new position in eBay during the fourth quarter, buying 18,777 shares valued at about $1.64 million.
• Insiders have been selling shares, including SVP Cornelius Boone and CEO Jamie Iannone, with total insider sales reaching 136,953 shares worth about $14.1 million over the last 90 days.
• eBay reported better-than-expected Q1 results, with EPS of $1.66 versus $1.58 expected and revenue of $3.09 billion, while analysts currently rate the stock a consensus Hold with an average price target of $107.84.

AXQ Capital LP acquired a new position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 18,777 shares of the e-commerce company's stock, valued at approximately $1,635,000.

A number of other hedge funds have also recently made changes to their positions in the stock. High Point Wealth Management LLC acquired a new stake in eBay during the 4th quarter worth approximately $26,000. Beacon Financial Strategies CORP acquired a new stake in shares of eBay in the 4th quarter valued at $28,000. JFS Wealth Advisors LLC raised its holdings in shares of eBay by 57.4% in the 4th quarter. JFS Wealth Advisors LLC now owns 318 shares of the e-commerce company's stock valued at $28,000 after purchasing an additional 116 shares in the last quarter. JPL Wealth Management LLC acquired a new stake in shares of eBay in the 3rd quarter valued at $28,000. Finally, Eagle Bay Advisors LLC acquired a new stake in shares of eBay in the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 87.48% of the company's stock.

Insider Activity

In related news, SVP Cornelius Boone sold 16,685 shares of the stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $92.44, for a total value of $1,542,361.40. Following the completion of the transaction, the senior vice president owned 94,479 shares in the company, valued at $8,733,638.76. This represents a 15.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jamie Iannone sold 21,000 shares of the firm's stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $97.37, for a total transaction of $2,044,770.00. Following the transaction, the chief executive officer owned 352,653 shares of the company's stock, valued at approximately $34,337,822.61. This trade represents a 5.62% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 136,953 shares of company stock worth $14,139,444 over the last ninety days. Insiders own 0.64% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Susquehanna increased their target price on shares of eBay from $95.00 to $110.00 and gave the company a "neutral" rating in a research report on Friday, May 1st. Citigroup raised their price objective on shares of eBay from $114.00 to $127.00 and gave the stock a "buy" rating in a research report on Wednesday, May 13th. Stifel Nicolaus set a $98.00 price objective on shares of eBay in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft set a $124.00 target price on shares of eBay in a report on Monday, May 4th. Finally, Jefferies Financial Group lifted their target price on shares of eBay from $60.00 to $65.00 in a report on Thursday, April 30th. Thirteen research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, eBay presently has a consensus rating of "Hold" and an average target price of $107.84.

eBay Price Performance

eBay stock opened at $110.35 on Tuesday. eBay Inc. has a 1 year low of $72.83 and a 1 year high of $119.31. The firm has a 50 day moving average price of $103.03 and a 200 day moving average price of $92.86. The company has a market cap of $49.00 billion, a price-to-earnings ratio of 25.02, a PEG ratio of 2.43 and a beta of 1.39. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.22 and a current ratio of 1.22.

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

eBay Announces Dividend

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

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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