Bank of New York Mellon Corp bought a new stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,527,776 shares of the e-commerce company's stock, valued at approximately $282,479,000. Bank of New York Mellon Corp owned 0.57% of eBay as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in EBAY. Focus Partners Advisor Solutions LLC bought a new position in shares of eBay during the second quarter valued at approximately $963,000. ABN AMRO Bank N.V. purchased a new position in eBay during the second quarter valued at approximately $22,057,000. GSA Capital Partners LLP bought a new position in eBay in the second quarter worth approximately $658,000. One Wealth Advisors LLC bought a new position in eBay in the second quarter worth approximately $979,000. Finally, Maridea Wealth Management LLC purchased a new stake in eBay during the second quarter worth $475,000. Hedge funds and other institutional investors own 87.48% of the company's stock.
Insider Transactions at eBay
In other news, SVP Jordan Douglas Bradle Sweetnam sold 1,014 shares of eBay stock in a transaction on 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 in the company, valued at approximately $3,604,008.94. The trade was a 2.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 1,919 shares of the business's stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $108.51, for a total transaction of $208,230.69. Following the sale, the senior vice president directly owned 32,124 shares in the company, valued at $3,485,775.24. This trade represents a 5.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 37,126 shares of company stock worth $4,087,886. Company insiders own 0.67% of the company's stock.
Analyst Ratings Changes
Several analysts have issued reports on EBAY shares. Stifel Nicolaus set a $98.00 target price on eBay in a research report on Thursday, April 30th. The Goldman Sachs Group boosted their price target on eBay from $88.00 to $100.00 and gave the stock a "neutral" rating in a research report on Thursday, April 30th. TD Cowen upped their price objective on eBay from $87.00 to $88.00 and gave the stock a "hold" rating in a research note on Friday, May 1st. Susquehanna reaffirmed a "neutral" rating on shares of eBay in a research report on Friday, August 7th. Finally, Robert W. Baird set a $126.00 target price on eBay in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, eBay presently has an average rating of "Hold" and a consensus price target of $117.24.
Get Our Latest Report on eBay
eBay Stock Down 0.5%
Shares of EBAY stock opened at $104.13 on Friday. eBay Inc. has a 1-year low of $78.03 and a 1-year high of $119.31. The stock's fifty day moving average price is $110.12 and its 200 day moving average price is $102.31. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market cap of $46.34 billion, a price-to-earnings ratio of 21.56, a price-to-earnings-growth ratio of 2.51 and a beta of 1.37.
eBay (NASDAQ:EBAY - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 EPS for the quarter, beating analysts' consensus estimates of $1.50 by $0.10. The company had revenue of $3.13 billion during the quarter, compared to analysts' expectations of $3.01 billion. eBay had a return on equity of 47.88% and a net margin of 18.50%.The firm's revenue was up 14.8% compared to the same quarter last year. During the same period last year, the business posted $1.37 earnings per share. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. On average, research analysts expect that eBay Inc. will post 4.87 earnings per share for the current fiscal year.
eBay Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.2%. eBay's dividend payout ratio (DPR) is currently 25.67%.
About eBay
(
Free Report)
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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