Callan Family Office LLC bought a new position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 25,771 shares of the e-commerce company's stock, valued at approximately $2,880,000.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of eBay in the second quarter valued at about $4,406,897,000. Bank of New York Mellon Corp acquired a new stake in eBay in the 2nd quarter worth about $282,479,000. Altshuler Shaham Ltd boosted its holdings in eBay by 4,452,655.3% in the 4th quarter. Altshuler Shaham Ltd now owns 2,092,795 shares of the e-commerce company's stock valued at $182,282,000 after purchasing an additional 2,092,748 shares during the period. Deutsche Bank AG bought a new stake in eBay in the 2nd quarter valued at about $222,680,000. Finally, Alyeska Investment Group L.P. grew its position in shares of eBay by 214.6% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,858,383 shares of the e-commerce company's stock worth $161,865,000 after purchasing an additional 1,267,601 shares in the last quarter. 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 the company's stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $101.39, for a total value of $102,809.46. Following the completion of the transaction, the senior vice president directly owned 35,546 shares in the company, valued at approximately $3,604,008.94. This represents a 2.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 11,110 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $108.55, for a total transaction of $1,205,990.50. Following the transaction, the chief executive officer directly owned 253,211 shares in the company, valued at approximately $27,486,054.05. This represents a 4.20% 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. In the last three months, insiders sold 37,126 shares of company stock worth $4,087,886. 0.67% of the stock is currently owned by corporate insiders.
eBay Price Performance
Shares of NASDAQ:EBAY opened at $104.13 on Friday. eBay Inc. has a fifty-two week low of $78.03 and a fifty-two week high of $119.31. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.02 and a current ratio of 1.02. The company's 50-day moving average is $110.12 and its 200 day moving average is $102.31. The company has a market capitalization of $46.34 billion, a P/E 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 posted its earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.10. The firm had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.01 billion. eBay had a net margin of 18.50% and a return on equity of 47.88%. The company's revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the company earned $1.37 earnings per share. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. On average, equities research analysts forecast that eBay Inc. will post 4.87 earnings per share for the current year.
eBay Announces Dividend
The business also recently announced 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. The ex-dividend date is Friday, August 28th. This represents a $1.24 annualized dividend and a yield of 1.2%. eBay's payout ratio is presently 25.67%.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on the company. Wells Fargo & Company cut eBay from an "equal weight" rating to an "underweight" rating and decreased their price target for the stock from $105.00 to $92.00 in a research report on Monday, August 3rd. BNP Paribas Exane increased their price objective on shares of eBay from $97.00 to $110.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 5th. Stifel Nicolaus set a $98.00 target price on shares of eBay in a report on Thursday, April 30th. Weiss Ratings upgraded shares of eBay from a "buy (b)" rating to a "buy (b+)" rating in a research report on Tuesday, August 11th. Finally, Jefferies Financial Group set a $145.00 price objective on shares of eBay in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $117.24.
Check Out Our Latest Research Report on EBAY
eBay Company Profile
(
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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