eBay Inc. $EBAY is Ardsley Advisory Partners LP's 6th Largest Position

Key Points

• Ardsley Advisory Partners increased its eBay stake by 43.1% in the second quarter to 201,000 shares valued at $22.3 million, making eBay the firm’s sixth-largest holding. Institutional investors collectively own 87.48% of eBay’s shares.
• eBay exceeded quarterly expectations, reporting $1.60 in EPS and $3.13 billion in revenue, with revenue up 14.8% year over year. The company guided for third-quarter EPS of $1.36–$1.42.
• Analysts maintain a consensus “Hold” rating with an average price target of $117, while eBay announced a quarterly dividend of $0.31 per share, representing a 1.2% annualized yield.

Ardsley Advisory Partners LP grew its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 43.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 201,000 shares of the e-commerce company's stock after acquiring an additional 60,500 shares during the quarter. eBay comprises approximately 2.3% of Ardsley Advisory Partners LP's portfolio, making the stock its 6th biggest position. Ardsley Advisory Partners LP's holdings in eBay were worth $22,262,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Cedar Mountain Advisors LLC lifted its position in eBay by 128.9% during the 1st quarter. Cedar Mountain Advisors LLC now owns 277 shares of the e-commerce company's stock worth $25,000 after acquiring an additional 156 shares during the period. High Point Wealth Management LLC purchased a new position in shares of eBay in the 4th quarter valued at approximately $26,000. Abound Financial LLC acquired a new position in shares of eBay in the fourth quarter valued at approximately $26,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of eBay in the first quarter valued at approximately $26,000. Finally, Jessup Wealth Management Inc purchased a new stake in shares of eBay during the fourth quarter worth approximately $27,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on EBAY. Robert W. Baird set a $126.00 price target on eBay in a report on Thursday, August 6th. BNP Paribas Exane upped their price objective on shares of eBay from $97.00 to $110.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 5th. Rothschild & Co Redburn upped their price objective on shares of eBay from $100.00 to $115.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 13th. Stifel Nicolaus set a $98.00 target price on shares of eBay in a report on Thursday, April 30th. Finally, Citigroup reiterated an "outperform" rating on shares of eBay in a research note on Tuesday, July 14th. Fourteen research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $117.00.

eBay Price Performance

eBay stock opened at $102.31 on Thursday. The company has a market cap of $45.53 billion, a P/E ratio of 21.18, a price-to-earnings-growth ratio of 2.55 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 $110.88 and a two-hundred day moving average of $101.92. 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. eBay had a net margin of 18.50% and a return on equity of 47.88%. The business had revenue of $3.13 billion for the quarter, compared to analysts' expectations of $3.01 billion. During the same period in the prior year, the company posted $1.37 EPS. The business's revenue for the quarter was up 14.8% on a year-over-year basis. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. As a group, analysts predict that eBay Inc. will post 4.89 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%.

Insider Activity

In other news, SVP Mazen Rawashdeh sold 1,919 shares of the business's stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $108.51, for a total transaction of $208,230.69. Following the sale, the senior vice president owned 32,124 shares of the company's stock, valued at $3,485,775.24. The trade was a 5.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 11,110 shares of the company's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $108.55, for a total value of $1,205,990.50. Following the completion of the sale, the chief executive officer owned 253,211 shares in the company, valued at approximately $27,486,054.05. This represents a 4.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 87,122 shares of company stock worth $9,953,842. Company insiders own 0.67% of the company's stock.

eBay Company Profile

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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