BNP PARIBAS ASSET MANAGEMENT Holding S.A. Acquires 303,754 Shares of eBay Inc. $EBAY

Key Points

• BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in eBay by 85.2%, owning a total of 660,284 shares valued at approximately $44.72 million after acquiring an additional 303,754 shares.
• eBay reported earnings of $1.37 per share for the last quarter, beating estimates and showing a 6.1% year-over-year revenue increase to $2.73 billion.
• The company announced a quarterly dividend of $0.29, payable on September 12th, representing an annualized yield of 1.2% with a payout ratio of 25.55%.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 85.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 660,284 shares of the e-commerce company's stock after acquiring an additional 303,754 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.14% of eBay worth $44,720,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Orion Capital Management LLC bought a new position in shares of eBay during the fourth quarter valued at $27,000. Abound Financial LLC purchased a new stake in eBay during the first quarter valued at $29,000. Pinney & Scofield Inc. purchased a new stake in eBay during the fourth quarter valued at $31,000. Itau Unibanco Holding S.A. purchased a new stake in eBay during the fourth quarter valued at $33,000. Finally, Transce3nd LLC purchased a new stake in eBay during the fourth quarter valued at $36,000. 87.48% of the stock is owned by institutional investors.

Insider Transactions at eBay

In other news, CEO Jamie Iannone sold 12,644 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $76.02, for a total value of $961,196.88. Following the completion of the sale, the chief executive officer directly owned 317,625 shares of the company's stock, valued at $24,145,852.50. This trade represents a 3.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Julie A. Loeger sold 75,952 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were 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 directly owned 53,107 shares of the company's stock, valued at $4,952,227.75. The trade was a 58.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 183,209 shares of company stock valued at $15,331,663 in the last ninety days. Corporate insiders own 0.64% of the company's stock.

eBay Price Performance

eBay stock traded up $0.36 during midday trading on Friday, reaching $99.22. 6,650,901 shares of the stock traded hands, compared to its average volume of 5,627,824. The stock's fifty day moving average is $83.26 and its 200-day moving average is $73.64. eBay Inc. has a 12 month low of $56.33 and a 12 month high of $101.15. The stock has a market cap of $45.34 billion, a P/E ratio of 21.85, a PEG ratio of 2.40 and a beta of 1.27. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.05.

eBay (NASDAQ:EBAY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 EPS for the quarter, beating analysts' consensus estimates of $1.30 by $0.07. eBay had a return on equity of 38.97% and a net margin of 20.86%.The company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same period in the prior year, the company earned $1.18 earnings per share. The firm's revenue was up 6.1% on a year-over-year basis. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. As a group, equities research analysts anticipate that eBay Inc. will post 3.86 EPS for the current year.

eBay Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.16 dividend on an annualized basis and a yield of 1.2%. eBay's dividend payout ratio is presently 25.55%.

Wall Street Analyst Weigh In

A number of research firms recently commented on EBAY. JPMorgan Chase & Co. upped their price objective on eBay from $66.00 to $68.00 and gave the company a "neutral" rating in a research report on Friday, July 11th. Cfra Research upgraded eBay to a "moderate buy" rating in a research report on Thursday, June 5th. Evercore ISI upped their price target on eBay from $63.00 to $69.00 and gave the stock an "in-line" rating in a research report on Thursday, May 1st. Wall Street Zen cut eBay from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. Finally, Stifel Nicolaus upped their price target on eBay from $62.00 to $68.00 and gave the stock a "hold" rating in a research report on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $78.19.

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.