DoubleLine ETF Adviser LP Acquires Shares of 11,436 eBay Inc. $EBAY

Key Points

• DoubleLine ETF Adviser LP has invested approximately $775,000 in eBay Inc. by acquiring 11,436 shares in the first quarter of this year.
• eBay reported earnings of $1.37 EPS for the last quarter, exceeding analysts' expectations, with revenue increasing by 6.1% year-over-year to $2.73 billion.
• The company plans to pay a quarterly dividend of $0.29 per share, with an ex-dividend date on August 29th, contributing to an annualized yield of 1.3%.

DoubleLine ETF Adviser LP bought a new position in eBay Inc. (NASDAQ:EBAY - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 11,436 shares of the e-commerce company's stock, valued at approximately $775,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Marvin & Palmer Associates Inc. bought a new stake in eBay in the first quarter valued at $2,958,000. Assenagon Asset Management S.A. raised its position in shares of eBay by 0.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 53,089 shares of the e-commerce company's stock worth $3,596,000 after purchasing an additional 246 shares during the last quarter. IFP Advisors Inc raised its position in shares of eBay by 59.6% in the 1st quarter. IFP Advisors Inc now owns 3,857 shares of the e-commerce company's stock worth $261,000 after purchasing an additional 1,440 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of eBay by 2.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 79,452 shares of the e-commerce company's stock worth $5,381,000 after purchasing an additional 2,095 shares during the last quarter. Finally, National Pension Service raised its position in eBay by 0.7% in the 1st quarter. National Pension Service now owns 894,594 shares of the e-commerce company's stock worth $60,591,000 after buying an additional 5,782 shares during the last quarter. Institutional investors own 87.48% of the company's stock.

Insider Activity at eBay

In related news, SVP Julie A. Loeger sold 75,952 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $93.25, for a total transaction of $7,082,524.00. Following the sale, the senior vice president owned 53,107 shares in the company, valued at approximately $4,952,227.75. This represents a 58.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jamie Iannone sold 10,974 shares of the stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $75.75, for a total value of $831,280.50. Following the sale, the chief executive officer owned 306,651 shares in the company, valued at $23,228,813.25. The trade was a 3.46% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 180,224 shares of company stock worth $15,096,833. Company insiders own 0.64% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Wall Street Zen downgraded eBay from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Benchmark boosted their price target on eBay from $78.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Stifel Nicolaus boosted their price target on eBay from $62.00 to $68.00 and gave the company a "hold" rating in a research note on Tuesday, July 29th. UBS Group set a $87.00 price objective on eBay in a research note on Thursday, July 31st. Finally, JPMorgan Chase & Co. boosted their price objective on eBay from $66.00 to $68.00 and gave the company a "neutral" rating in a research note on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given 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, the company has a consensus rating of "Hold" and an average target price of $78.89.

eBay Price Performance

EBAY stock traded down $0.37 during midday trading on Friday, hitting $92.66. The company's stock had a trading volume of 5,656,404 shares, compared to its average volume of 5,654,809. 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 firm has a market capitalization of $42.35 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 2.24 and a beta of 1.32. The company has a 50 day moving average of $87.01 and a two-hundred day moving average of $75.56.

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

eBay Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, August 29th. eBay's dividend payout ratio is presently 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.