BlackRock Inc. Makes New Investment in eBay Inc. $EBAY

Key Points

• BlackRock acquired 39.4 million eBay shares during the second quarter, valued at approximately $4.41 billion and representing an 8.88% stake. Institutional investors collectively own 87.48% of eBay.
• eBay insiders sold 86,112 shares worth about $9.84 million over the past 90 days, while insiders retain only 0.67% of the company’s stock.
• Analysts have a consensus “Hold” rating with an average price target of $117.09. eBay recently beat quarterly earnings and revenue estimates, reporting $1.60 in EPS and $3.13 billion in revenue, up 14.8% year over year.

BlackRock Inc. purchased a new stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 39,435,323 shares of the e-commerce company's stock, valued at approximately $4,406,897,000. BlackRock Inc. owned 8.88% of eBay as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EBAY. Spire Wealth Management grew its holdings in eBay by 29.7% in the 2nd quarter. Spire Wealth Management now owns 489 shares of the e-commerce company's stock valued at $55,000 after buying an additional 112 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its position in eBay by 4.6% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 2,818 shares of the e-commerce company's stock valued at $312,000 after buying an additional 125 shares during the period. Capital Asset Advisory Services LLC grew its stake in eBay by 3.3% during the 1st quarter. Capital Asset Advisory Services LLC now owns 4,035 shares of the e-commerce company's stock worth $367,000 after purchasing an additional 129 shares in the last quarter. Harfst & Associates Inc. grew its position in shares of eBay by 0.6% during the fourth quarter. Harfst & Associates Inc. now owns 22,461 shares of the e-commerce company's stock worth $1,956,000 after buying an additional 131 shares in the last quarter. Finally, Commerce Bank increased its position in shares of eBay by 0.5% in the 4th quarter. Commerce Bank now owns 28,313 shares of the e-commerce company's stock valued at $2,466,000 after purchasing an additional 132 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company's stock.

Insider Activity at eBay

In other eBay news, CEO Jamie Iannone sold 11,110 shares of eBay stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $109.59, for a total transaction of $1,217,544.90. Following the completion of the sale, the chief executive officer owned 280,204 shares of the company's stock, valued at $30,707,556.36. This trade represents a 3.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 50,000 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $117.04, for a total value of $5,852,000.00. Following the completion of the transaction, the senior vice president owned 29,217 shares in the company, valued at $3,419,557.68. This represents a 63.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 86,112 shares of company stock valued at $9,837,076. Company insiders own 0.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Cantor Fitzgerald reduced their target price on eBay from $110.00 to $106.00 and set a "neutral" rating for the company in a report on Thursday, August 6th. Arete Research lowered their target price on shares of eBay from $113.00 to $111.00 and set a "neutral" rating on the stock in a report on Tuesday, May 26th. Wedbush reaffirmed an "outperform" rating and set a $135.00 price objective on shares of eBay in a report on Thursday, August 6th. UBS Group increased their target price on shares of eBay from $107.00 to $120.00 and gave the company a "neutral" rating in a report on Tuesday, August 11th. Finally, TD Cowen lifted their price target on eBay from $87.00 to $88.00 and gave the stock a "hold" rating in a research note on Friday, May 1st. Fourteen investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, eBay has a consensus rating of "Hold" and an average price target of $117.09.

eBay Stock Performance

eBay stock opened at $102.27 on Wednesday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.02 and a quick ratio of 1.02. eBay Inc. has a 12-month low of $78.03 and a 12-month high of $119.31. The firm's fifty day moving average price is $110.39 and its 200 day moving average price is $102.15. The company has a market capitalization of $45.51 billion, a price-to-earnings ratio of 21.17, a price-to-earnings-growth ratio of 2.49 and a beta of 1.37.

eBay (NASDAQ:EBAY - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share for the quarter, beating analysts' consensus estimates of $1.50 by $0.10. The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.01 billion. eBay had a return on equity of 47.88% and a net margin of 18.50%.The business's quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.37 EPS. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. On average, research analysts forecast that eBay Inc. will post 4.87 EPS for the current fiscal year.

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, August 28th. eBay's payout ratio is presently 25.67%.

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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