Clifford Swan Investment Counsel LLC Sells 40,759 Shares of eBay Inc. $EBAY

Key Points

• Clifford Swan Investment Counsel reduced its eBay stake by 26.8%, selling 40,759 shares and retaining 111,476 shares valued at approximately $12.46 million. Institutional investors and hedge funds collectively own 87.48% of eBay.
• Analyst sentiment remains mixed, with an average rating of “Hold” and an average price target of $117.24. Recent targets range from $110 to $134, including a “Buy” rating from Benchmark and an “Overweight” rating from Barclays.
• eBay reported stronger-than-expected quarterly results, posting $1.60 EPS and $3.13 billion in revenue, up 14.8% year over year. The company also declared a quarterly dividend of $0.31 per share, equivalent to a 1.2% annualized yield.

Clifford Swan Investment Counsel LLC lowered its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 26.8% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 111,476 shares of the e-commerce company's stock after selling 40,759 shares during the period. Clifford Swan Investment Counsel LLC's holdings in eBay were worth $12,457,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Sigma Planning Corp raised its position in eBay by 124.9% in the second quarter. Sigma Planning Corp now owns 12,899 shares of the e-commerce company's stock worth $1,441,000 after purchasing an additional 7,164 shares in the last quarter. Two Sigma Securities LLC raised its position in eBay by 22.2% in the 2nd quarter. Two Sigma Securities LLC now owns 11,700 shares of the e-commerce company's stock valued at $1,307,000 after purchasing an additional 2,122 shares during the last quarter. Benjamin Edwards Inc. bought a new position in shares of eBay in the second quarter valued at about $4,532,000. Cookson Peirce & Co. Inc. bought a new position in shares of eBay in the second quarter worth about $838,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in eBay by 23.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 48,763 shares of the e-commerce company's stock worth $5,449,000 after purchasing an additional 9,153 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on EBAY shares. UBS Group raised their target price on eBay from $107.00 to $120.00 and gave the stock a "neutral" rating in a report on Tuesday, August 11th. Benchmark boosted their price objective on shares of eBay from $115.00 to $134.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Arete Research reduced their price target on eBay from $113.00 to $111.00 and set a "neutral" rating for the company in a research report on Tuesday, May 26th. Mizuho set a $110.00 price objective on eBay in a report on Thursday, August 6th. Finally, Barclays raised their target price on shares of eBay from $114.00 to $123.00 and gave the company an "overweight" rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $117.24.

Insider Buying and Selling

In related news, SVP Jordan Douglas Bradle Sweetnam sold 1,014 shares of the business's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $101.39, for a total transaction of $102,809.46. Following the transaction, the senior vice president directly owned 35,546 shares in the company, valued at approximately $3,604,008.94. The trade was a 2.77% decrease in their ownership of the stock. 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 business's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $108.55, for a total value of $1,205,990.50. Following the completion of 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. Insiders have sold a total of 37,126 shares of company stock worth $4,087,886 in the last ninety days. Corporate insiders own 0.67% of the company's stock.

eBay Stock Down 2.0%

Shares of NASDAQ:EBAY opened at $103.56 on Tuesday. eBay Inc. has a 52-week low of $78.03 and a 52-week high of $119.31. The company has a fifty day moving average of $109.74 and a 200-day moving average of $103.09. 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 has a market capitalization of $46.08 billion, a PE ratio of 21.44, a price-to-earnings-growth ratio of 2.56 and a beta of 1.37.

eBay (NASDAQ:EBAY - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share (EPS) for the quarter, beating 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 for the quarter was up 14.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.37 earnings per share. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. On average, equities analysts predict that eBay Inc. will post 4.86 EPS for the current fiscal year.

eBay Dividend Announcement

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

Trending Headlines about eBay

Here are the key news stories impacting eBay this week:

• Positive Sentiment: GameStop’s large eBay stake provides a notable vote of confidence. GameStop converted a previously disclosed derivative position into approximately 43.4 million eBay shares valued near $4.95 billion, potentially making it an influential shareholder rather than an acquisition candidate. The transaction generated an approximately $238 million gain for GameStop and highlights eBay’s value as a major digital-commerce asset. GameStop Turns eBay Pursuit Into a Nearly $5 Billion Investment
• Positive Sentiment: Used cameras remain a strong category in Japan. A report identified used cameras as one of eBay’s top-selling product categories in Japan, second only to fashion, supporting the company’s cross-border commerce strategy and demand for collectible and pre-owned goods. In Japan, used cameras are one of eBay’s top sellers
• Neutral Sentiment: eBay’s airbag ban could improve marketplace trust and safety. The company reportedly prohibited airbag sales because of counterfeit concerns. The policy may reduce a limited source of marketplace volume, but it could strengthen consumer confidence and reduce regulatory and reputational risks. eBay finally bans airbag sales due to counterfeit concerns
• Negative Sentiment: Sector-wide profit-taking pressured online-commerce stocks. Shopify, eBay and Etsy all slipped as traders reduced exposure following a strong August rally. The move appeared to reflect cooling momentum rather than an eBay downgrade or new company-specific negative announcement. Shopify Falls as Profit Taking Follows Rally

About eBay

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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