Clifford Swan Investment Counsel LLC Decreases Holdings in eBay Inc. $EBAY

Key Points

• Clifford Swan Investment Counsel LLC reduced its holdings in eBay Inc. by 3.0% during Q2, selling 5,477 shares, leaving it with 177,544 shares valued at approximately $13.22 million.
• Institutional investors own 87.48% of eBay stock, with notable increases in stakes by Impax Asset Management and Pacer Advisors in recent quarters.
• eBay reported $1.37 earnings per share for Q2, exceeding forecasts of $1.30, with revenue rising to $2.73 billion, reflecting a 6.1% year-over-year increase.

Clifford Swan Investment Counsel LLC reduced its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 3.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 177,544 shares of the e-commerce company's stock after selling 5,477 shares during the quarter. Clifford Swan Investment Counsel LLC's holdings in eBay were worth $13,220,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EBAY. Impax Asset Management Group plc increased its holdings in shares of eBay by 2,536.5% during the first 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 acquiring an additional 3,401,198 shares in the last quarter. Nuveen LLC purchased a new stake in eBay during 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 first quarter. Pacer Advisors Inc. now owns 2,196,321 shares of the e-commerce company's stock worth $148,757,000 after purchasing an additional 2,154,735 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in eBay by 253.1% in the first 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 buying an additional 1,981,011 shares during the last quarter. Finally, Valeo Financial Advisors LLC increased its holdings in eBay by 19,822.5% in the 2nd quarter. Valeo Financial Advisors LLC now owns 1,290,981 shares of the e-commerce company's stock worth $96,126,000 after buying an additional 1,284,501 shares during the period. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

eBay Trading Up 0.4%

Shares of EBAY stock opened at $95.37 on Thursday. eBay Inc. has a 1-year low of $56.33 and a 1-year high of $101.15. The company has a market cap of $43.58 billion, a price-to-earnings ratio of 21.01, a PEG ratio of 2.29 and a beta of 1.31. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a 50 day simple moving average of $92.75 and a 200-day simple moving average of $81.09.

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

eBay Announces Dividend

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

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. UBS Group set a $87.00 target price on shares of eBay in a report on Thursday, July 31st. Arete raised eBay from a "sell" rating to a "neutral" rating and set a $91.00 price objective for the company in a report on Thursday, August 7th. Jefferies Financial Group lifted their price target on eBay from $60.00 to $65.00 and gave the company an "underperform" rating in a research report on Friday, October 17th. Mizuho initiated coverage on shares of eBay in a research note on Monday, September 29th. They set a "neutral" rating and a $98.00 price objective on the stock. Finally, Needham & Company LLC boosted their target price on shares of eBay from $78.00 to $95.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twenty have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $86.54.

Insider Transactions at eBay

In other news, SVP Mazen Rawashdeh sold 1,910 shares of eBay stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $89.31, for a total value of $170,582.10. Following the sale, the senior vice president directly owned 3,824 shares of the company's stock, valued at $341,521.44. The trade was a 33.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Cornelius Boone sold 4,439 shares of the business's stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $89.53, for a total value of $397,423.67. Following the sale, the senior vice president owned 93,392 shares of the company's stock, valued at $8,361,385.76. The trade was a 4.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 96,743 shares of company stock worth $8,979,844. 0.64% of the stock is owned by insiders.

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.

Want to see what other hedge funds are holding EBAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eBay Inc. (NASDAQ:EBAY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.