Corebridge Financial Inc. Has $13.18 Million Position in eBay Inc. $EBAY

Key Points

• Corebridge Financial Inc. has reduced its stake in eBay Inc. by 5.0%, holding now 194,543 shares valued at approximately $13.18 million.
• Insider activity saw SVP Julie A. Loeger sell 75,952 shares at a total value of over $7 million, reducing her position by 58.85%.
• eBay recently announced a quarterly dividend of $0.29 per share, yielding 1.2%, to be paid on September 12th, with an ex-dividend date of August 29th.

Corebridge Financial Inc. reduced its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 5.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 194,543 shares of the e-commerce company's stock after selling 10,310 shares during the period. Corebridge Financial Inc.'s holdings in eBay were worth $13,176,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Orion Capital Management LLC acquired a new position in eBay in the fourth quarter valued at approximately $27,000. Abound Financial LLC acquired a new position in eBay in the first quarter valued at approximately $29,000. Pinney & Scofield Inc. acquired a new position in eBay in the fourth quarter valued at approximately $31,000. Itau Unibanco Holding S.A. acquired a new position in eBay in the fourth quarter valued at approximately $33,000. Finally, Sierra Ocean LLC lifted its holdings in eBay by 84.9% in the first quarter. Sierra Ocean LLC now owns 538 shares of the e-commerce company's stock valued at $36,000 after buying an additional 247 shares during the period. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at eBay

In other eBay news, SVP Julie A. Loeger sold 75,952 shares of eBay stock in a transaction on Monday, August 4th. The shares were sold at an average price of $93.25, for a total value of $7,082,524.00. Following the sale, the senior vice president directly owned 53,107 shares in the company, valued at approximately $4,952,227.75. The trade was a 58.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Cornelius Boone sold 2,985 shares of eBay stock in a transaction on Friday, June 6th. The shares were sold at an average price of $78.67, for a total transaction of $234,829.95. Following the completion of the sale, the senior vice president owned 92,053 shares in the company, valued at $7,241,809.51. The trade was a 3.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 183,209 shares of company stock valued at $15,331,663. Insiders own 0.64% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on EBAY. Morgan Stanley increased their price objective on shares of eBay from $81.00 to $89.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. TD Securities lifted their price target on shares of eBay from $62.00 to $64.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Stifel Nicolaus lifted their price target on shares of eBay from $62.00 to $68.00 and gave the stock a "hold" rating in a research report on Tuesday, July 29th. Susquehanna lifted their price target on shares of eBay from $70.00 to $95.00 and gave the stock a "neutral" rating in a research report on Friday, August 1st. Finally, UBS Group set a $87.00 price target on shares of eBay in a research report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $78.89.

eBay Trading Down 4.0%

Shares of NASDAQ:EBAY opened at $94.64 on Wednesday. eBay Inc. has a 12 month low of $56.33 and a 12 month high of $101.15. 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 company's fifty day simple moving average is $84.46 and its 200 day simple moving average is $74.31. The firm has a market cap of $43.25 billion, a price-to-earnings ratio of 20.85, a PEG ratio of 2.38 and a beta of 1.27.

eBay (NASDAQ:EBAY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The e-commerce company reported $1.37 EPS 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 business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same period last year, the business posted $1.18 earnings per share. The firm's quarterly revenue was up 6.1% on a year-over-year basis. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. As a group, research analysts forecast that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Dividend Announcement

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

eBay 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.

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