Comerica Bank Has $10.47 Million Stock Holdings in eBay Inc. $EBAY

Key Points

• Comerica Bank increased its holdings in eBay Inc. by 30.5% in the first quarter, bringing its total stake to $10.47 million with 154,601 shares owned.
• Insider trading activity includes CEO Jamie Iannone selling 12,644 shares for approximately $961,197, representing a 3.83% decrease in his ownership.
• Daiwa Capital Markets upgraded eBay's stock from neutral to buy with a new price target of $70.00, amidst a generally positive sentiment from analysts regarding eBay's performance.

Comerica Bank grew its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 30.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 154,601 shares of the e-commerce company's stock after purchasing an additional 36,097 shares during the quarter. Comerica Bank's holdings in eBay were worth $10,471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Orion Capital Management LLC acquired a new position in shares of eBay in the 4th quarter valued at about $27,000. Abound Financial LLC acquired a new position in eBay during the 1st quarter worth approximately $29,000. Pinney & Scofield Inc. acquired a new position in eBay during the 4th quarter worth approximately $31,000. Itau Unibanco Holding S.A. acquired a new position in eBay during the 4th quarter worth approximately $33,000. Finally, Sierra Ocean LLC raised its stake in eBay by 84.9% during the 1st quarter. Sierra Ocean LLC now owns 538 shares of the e-commerce company's stock worth $36,000 after buying an additional 247 shares during the period. 87.48% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Jamie Iannone sold 12,644 shares of the company'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 transaction, the chief executive officer directly owned 317,625 shares of the company's stock, valued at $24,145,852.50. This represents a 3.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Jordan Douglas Bradle Sweetnam sold 23,597 shares of the stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $77.38, for a total value of $1,825,935.86. Following the transaction, the senior vice president directly owned 44,413 shares of the company's stock, valued at approximately $3,436,677.94. This trade represents a 34.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 183,209 shares of company stock valued at $15,331,663. Insiders own 0.64% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on EBAY shares. Daiwa Capital Markets raised eBay from a "neutral" rating to a "buy" rating and set a $70.00 price target on the stock in a research note on Monday, May 12th. Truist Financial upped their price target on eBay from $62.00 to $68.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. BMO Capital Markets raised eBay from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $70.00 to $102.00 in a research note on Thursday, July 31st. UBS Group set a $87.00 price target on eBay in a research note on Thursday, July 31st. Finally, Needham & Company LLC upped their price target on eBay from $78.00 to $95.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, eBay presently has an average rating of "Hold" and an average price target of $78.89.

eBay Stock Performance

EBAY stock opened at $94.64 on Wednesday. The firm has a market cap of $43.25 billion, a PE ratio of 20.85, a P/E/G ratio of 2.38 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. The business has a 50 day moving average of $84.46 and a 200-day moving average of $74.31. eBay Inc. has a 12-month low of $56.33 and a 12-month high of $101.15.

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

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.16 annualized dividend and a dividend yield of 1.2%. eBay's dividend payout ratio is currently 25.55%.

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.

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