Amundi Sells 562,370 Shares of eBay Inc. $EBAY

Key Points

• Amundi has reduced its stake in eBay Inc. by 11.9%, now holding 4,156,758 shares worth $275.8 million after selling 562,370 shares in the first quarter.
• eBay's recent earnings surpassed expectations with $1.37 EPS, exceeding analyst estimates of $1.30, and report revenues of $2.73 billion, up 6.1% from the previous year.
• The company has announced a quarterly dividend of $0.29 per share, with the ex-dividend date set for August 29, reflecting an annualized yield of 1.3%.

Amundi decreased its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 11.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,156,758 shares of the e-commerce company's stock after selling 562,370 shares during the quarter. Amundi owned about 0.90% of eBay worth $275,846,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in EBAY. Impax Asset Management Group plc raised its holdings in eBay by 2,536.5% during the 1st quarter. Impax Asset Management Group plc now owns 3,535,290 shares of the e-commerce company's stock worth $239,037,000 after purchasing an additional 3,401,198 shares during the last quarter. Nuveen LLC bought a new stake in shares of eBay in the 1st quarter valued at $202,346,000. Pacer Advisors Inc. increased its stake in shares of eBay by 5,181.4% in the 1st quarter. Pacer Advisors Inc. now owns 2,196,321 shares of the e-commerce company's stock valued at $148,757,000 after acquiring an additional 2,154,735 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of eBay by 253.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,763,766 shares of the e-commerce company's stock valued at $187,191,000 after acquiring an additional 1,981,011 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of eBay by 7,928.1% in the 1st quarter. GAMMA Investing LLC now owns 841,748 shares of the e-commerce company's stock valued at $57,012,000 after acquiring an additional 831,263 shares in the last quarter. Institutional investors own 87.48% of the company's stock.

Insider Activity

In other news, SVP Julie A. Loeger sold 75,952 shares of the company's stock in a transaction dated 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 directly owned 53,107 shares in the company, valued at $4,952,227.75. This represents a 58.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jamie Iannone sold 10,974 shares of the company's stock in a transaction dated 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 approximately $23,228,813.25. This represents a 3.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 180,224 shares of company stock worth $15,096,833 over the last ninety days. Company insiders own 0.64% of the company's stock.

Wall Street Analysts Forecast Growth

EBAY has been the subject of several research analyst reports. Cfra Research upgraded shares of eBay to a "moderate buy" rating in a research note on Thursday, June 5th. JPMorgan Chase & Co. lifted their price objective on shares of eBay from $66.00 to $68.00 and gave the company a "neutral" rating in a research note on Friday, July 11th. Bank of America lifted their price objective on shares of eBay from $89.00 to $101.00 and gave the company a "neutral" rating in a research note on Monday, August 25th. Daiwa America upgraded shares of eBay from a "hold" rating to a "strong-buy" rating in a research note on Monday, May 12th. Finally, Morgan Stanley lifted their price target on shares of eBay from $81.00 to $89.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $78.89.

eBay Stock Performance

Shares of NASDAQ EBAY 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. The stock has a fifty day moving average price of $87.01 and a 200 day moving average price of $75.56. eBay Inc. has a one year low of $56.33 and a one year high of $101.15. The company has a current ratio of 1.00, a quick 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 P/E/G ratio of 2.24 and a beta of 1.32.

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

eBay Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, August 29th. This represents a $1.16 annualized dividend and a dividend yield of 1.3%. eBay's dividend payout ratio is currently 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.