eBay Inc. $EBAY Position Cut by Aigen Investment Management LP

Aigen Investment Management LP reduced its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 38.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,407 shares of the e-commerce company's stock after selling 9,563 shares during the period. Aigen Investment Management LP's holdings in eBay were worth $1,342,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership lifted its stake in shares of eBay by 3.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,995,877 shares of the e-commerce company's stock worth $260,941,000 after acquiring an additional 104,479 shares during the period. CreativeOne Wealth LLC lifted its stake in shares of eBay by 11.2% in the 4th quarter. CreativeOne Wealth LLC now owns 11,512 shares of the e-commerce company's stock worth $1,003,000 after acquiring an additional 1,157 shares during the period. Maverick Capital Ltd. acquired a new stake in shares of eBay in the 4th quarter worth approximately $2,095,000. 1248 Management LLC acquired a new stake in shares of eBay in the 4th quarter worth approximately $33,000. Finally, Johnson Investment Counsel Inc. lifted its stake in shares of eBay by 4.3% in the 4th quarter. Johnson Investment Counsel Inc. now owns 12,021 shares of the e-commerce company's stock worth $1,047,000 after acquiring an additional 500 shares during the period. 87.48% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Jamie Iannone sold 11,110 shares of the business's stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $109.59, for a total transaction of $1,217,544.90. Following the sale, the chief executive officer owned 280,204 shares in the company, valued at $30,707,556.36. The trade was a 3.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Douglas Bradle Sweetnam sold 1,010 shares of the business's stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $115.61, for a total transaction of $116,766.10. Following the sale, the senior vice president owned 32,146 shares in the company, valued at $3,716,399.06. This represents a 3.05% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 148,063 shares of company stock worth $15,356,989 over the last three months. 0.64% of the stock is owned by insiders.

eBay Stock Down 0.9%

NASDAQ EBAY opened at $108.61 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.22 and a quick ratio of 1.22. The company's 50 day simple moving average is $106.45 and its 200 day simple moving average is $94.42. eBay Inc. has a 12 month low of $72.84 and a 12 month high of $119.31. The company has a market capitalization of $48.22 billion, a P/E ratio of 24.63, a PEG ratio of 2.42 and a beta of 1.39.

eBay (NASDAQ:EBAY - Get Free Report) last released its earnings results on Wednesday, April 29th. The e-commerce company reported $1.66 EPS for the quarter, topping analysts' consensus estimates of $1.58 by $0.08. eBay had a net margin of 17.58% and a return on equity of 46.11%. The business had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.04 billion. During the same period in the previous year, the firm earned $1.38 EPS. The business's revenue for the quarter was up 19.5% on a year-over-year basis. eBay has set its Q2 2026 guidance at 1.090-1.140 EPS. Equities research analysts expect that eBay Inc. will post 4.83 earnings per share for the current fiscal year.

eBay Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were issued a dividend of $0.31 per share. The ex-dividend date was Friday, May 29th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.1%. eBay's payout ratio is currently 28.12%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Benchmark upped their price target on shares of eBay from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, February 19th. Morgan Stanley boosted their target price on shares of eBay to $117.00 and gave the stock an "overweight" rating in a report on Tuesday, April 28th. The Goldman Sachs Group boosted their target price on shares of eBay from $88.00 to $100.00 and gave the stock a "neutral" rating in a report on Thursday, April 30th. BMO Capital Markets boosted their target price on shares of eBay from $120.00 to $130.00 in a report on Thursday, April 30th. Finally, TD Cowen boosted their target price on shares of eBay from $87.00 to $88.00 and gave the stock a "hold" rating in a report on Friday, May 1st. Thirteen equities research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $107.84.

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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