Cinctive Capital Management LP Makes New Investment in eBay Inc. $EBAY

Key Points

• Cinctive Capital Management LP invested approximately $613,000 in eBay Inc. by acquiring 9,050 shares during the 1st quarter.
• eBay's latest earnings report indicated $1.37 earnings per share (EPS), exceeding analysts' expectations of $1.30, and showcasing a year-over-year revenue increase of 6.1%.
• The company has announced a quarterly dividend of $0.29 per share, with a payment date set for September 12th, representing an annualized yield of 1.3%.

Cinctive Capital Management LP purchased a new stake in eBay Inc. (NASDAQ:EBAY - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,050 shares of the e-commerce company's stock, valued at approximately $613,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of EBAY. Impax Asset Management Group plc raised its stake in shares of eBay by 2,536.5% in the 1st quarter. Impax Asset Management Group plc now owns 3,535,290 shares of the e-commerce company's stock valued at $239,037,000 after purchasing an additional 3,401,198 shares during the period. Nuveen LLC acquired a new stake in shares of eBay in the 1st quarter valued at about $202,346,000. Pacer Advisors Inc. raised its stake in shares of eBay by 5,181.4% in the 1st quarter. Pacer Advisors Inc. now owns 2,196,321 shares of the e-commerce company's stock valued at $148,757,000 after purchasing an additional 2,154,735 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of eBay by 253.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,763,766 shares of the e-commerce company's stock valued at $187,191,000 after purchasing an additional 1,981,011 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of eBay by 7,928.1% in the 1st quarter. GAMMA Investing LLC now owns 841,748 shares of the e-commerce company's stock valued at $57,012,000 after purchasing an additional 831,263 shares during the period. Institutional investors and hedge funds own 87.48% of the company's stock.

Insider Buying and Selling at eBay

In other news, SVP Julie A. Loeger sold 75,952 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $93.25, for a total transaction of $7,082,524.00. Following the completion of the transaction, the senior vice president directly owned 53,107 shares of the company's stock, valued at $4,952,227.75. This represents a 58.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jamie Iannone sold 7,221 shares of the firm's stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $92.33, for a total transaction of $666,714.93. Following the sale, the chief executive officer owned 246,812 shares of the company's stock, valued at approximately $22,788,151.96. The trade was a 2.84% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 174,801 shares of company stock worth $14,763,913. Insiders own 0.64% of the company's stock.

eBay Price Performance

Shares of NASDAQ EBAY traded up $0.36 during midday trading on Monday, reaching $93.02. The company's stock had a trading volume of 6,846,610 shares, compared to its average volume of 5,671,355. eBay Inc. has a fifty-two week low of $56.33 and a fifty-two week high of $101.15. The company has a market cap of $42.51 billion, a P/E ratio of 20.49, a P/E/G ratio of 2.24 and a beta of 1.32. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.00 and a current ratio of 1.00. The business's 50 day moving average price is $87.38 and its two-hundred day moving average price is $75.77.

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

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be paid a $0.29 dividend. The ex-dividend date is Friday, August 29th. This represents a $1.16 annualized dividend and a yield of 1.2%. eBay's dividend payout ratio (DPR) is 25.55%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Susquehanna raised their price objective on eBay from $70.00 to $95.00 and gave the company a "neutral" rating in a report on Friday, August 1st. Bank of America raised their price objective on eBay from $89.00 to $101.00 and gave the company a "neutral" rating in a report on Monday, August 25th. Wedbush restated a "neutral" rating and issued a $72.00 price objective on shares of eBay in a report on Wednesday, June 11th. Robert W. Baird raised their price objective on eBay from $75.00 to $80.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. Finally, Argus restated a "hold" rating on shares of eBay in a report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twenty have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $78.89.

eBay Company Profile

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.