Commerce Bank purchased a new position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 31,687 shares of the e-commerce company's stock, valued at approximately $3,541,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Guggenheim Capital LLC raised its stake in shares of eBay by 7.4% during the second quarter. Guggenheim Capital LLC now owns 14,334 shares of the e-commerce company's stock worth $1,067,000 after purchasing an additional 988 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of eBay during the second quarter worth $275,000. NewEdge Advisors LLC grew its position in eBay by 70.4% in the 2nd quarter. NewEdge Advisors LLC now owns 108,572 shares of the e-commerce company's stock valued at $8,084,000 after buying an additional 44,851 shares during the last quarter. Sei Investments Co. grew its position in eBay by 48.7% in the 2nd quarter. Sei Investments Co. now owns 471,543 shares of the e-commerce company's stock valued at $35,111,000 after buying an additional 154,465 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its stake in eBay by 26.3% in the 2nd quarter. Treasurer of the State of North Carolina now owns 325,678 shares of the e-commerce company's stock valued at $24,250,000 after buying an additional 67,731 shares during the period. Institutional investors and hedge funds own 87.48% of the company's stock.
Insider Activity
In related news, SVP Jordan Douglas Bradle Sweetnam sold 1,014 shares of the company's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $101.39, for a total value of $102,809.46. Following the sale, the senior vice president owned 35,546 shares in the company, valued at $3,604,008.94. This represents a 2.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 1,919 shares of the firm's stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $108.51, for a total value of $208,230.69. Following the completion of the transaction, the senior vice president directly owned 32,124 shares of the company's stock, valued at $3,485,775.24. The trade was a 5.64% decrease in their ownership of the stock. 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. Company insiders own 0.67% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on EBAY. Needham & Company LLC upped their price objective on shares of eBay from $122.00 to $135.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. UBS Group lifted their target price on shares of eBay from $107.00 to $120.00 and gave the company a "neutral" rating in a report on Tuesday, August 11th. Benchmark boosted their price target on shares of eBay from $115.00 to $134.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Sanford C. Bernstein reissued a "market perform" rating and set a $115.00 price target on shares of eBay in a report on Monday, August 3rd. Finally, Truist Financial raised their price objective on shares of eBay from $105.00 to $115.00 and gave the company a "hold" rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $117.24.
View Our Latest Research Report on eBay
eBay Price Performance
eBay stock opened at $107.08 on Tuesday. The company has a market cap of $47.65 billion, a P/E ratio of 22.17, a price-to-earnings-growth ratio of 2.51 and a beta of 1.37. eBay Inc. has a one year low of $78.03 and a one year high of $119.31. The business has a fifty day moving average of $110.08 and a two-hundred day moving average of $102.48. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.02 and a current ratio of 1.02.
eBay (NASDAQ:EBAY - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share for the quarter, topping analysts' consensus estimates of $1.50 by $0.10. The business had revenue of $3.13 billion for the quarter, compared to analysts' expectations of $3.01 billion. eBay had a net margin of 18.50% and a return on equity of 47.88%. The business's revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.37 EPS. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. As a group, analysts predict that eBay Inc. will post 4.87 earnings per share for the current fiscal 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 issued a $0.31 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.24 dividend on an annualized basis and a yield of 1.2%. eBay's dividend payout ratio (DPR) is 25.67%.
eBay Profile
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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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