Acadian Asset Management LLC Boosts Holdings in eBay Inc. $EBAY

Key Points

• Acadian Asset Management LLC increased its stake in eBay Inc. by 84.2% during the first quarter, owning 2,005,141 shares valued at approximately $135.77 million.
• eBay announced a quarterly dividend of $0.29 per share, to be paid on September 12, 2023, reflecting a 1.3% dividend yield.
• In its most recent earnings report, eBay reported an earnings per share (EPS) of $1.37, exceeding analysts' expectations, and achieved a revenue of $2.73 billion for the quarter.

Acadian Asset Management LLC raised its holdings in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 84.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,005,141 shares of the e-commerce company's stock after buying an additional 916,596 shares during the quarter. Acadian Asset Management LLC owned about 0.43% of eBay worth $135,773,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Independent Franchise Partners LLP lifted its stake in eBay by 4.6% in the 1st quarter. Independent Franchise Partners LLP now owns 11,689,267 shares of the e-commerce company's stock worth $791,714,000 after purchasing an additional 510,629 shares in the last quarter. Invesco Ltd. lifted its stake in eBay by 8.0% in the 1st quarter. Invesco Ltd. now owns 8,441,396 shares of the e-commerce company's stock worth $571,736,000 after purchasing an additional 627,823 shares in the last quarter. Northern Trust Corp lifted its stake in eBay by 4.4% in the 1st quarter. Northern Trust Corp now owns 7,109,481 shares of the e-commerce company's stock worth $481,525,000 after purchasing an additional 300,216 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in eBay by 5.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,157,105 shares of the e-commerce company's stock worth $417,021,000 after purchasing an additional 322,910 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in eBay by 7.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,834,195 shares of the e-commerce company's stock worth $361,428,000 after purchasing an additional 386,568 shares in the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Trading Down 1.8%

EBAY stock traded down $1.66 during mid-day trading on Friday, hitting $90.80. 4,717,366 shares of the company were exchanged, compared to its average volume of 5,339,529. 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 $41.50 billion, a P/E ratio of 20.00, a PEG ratio of 2.24 and a beta of 1.32. The business has a fifty day simple moving average of $88.63 and a 200-day simple moving average of $76.29. eBay Inc. has a 12-month low of $56.33 and a 12-month high of $101.15.

eBay (NASDAQ:EBAY - Get Free Report) last announced its earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.07. The company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.64 billion. eBay had a net margin of 20.86% and a return on equity of 38.97%. eBay's revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.18 earnings per share. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. On average, equities research analysts predict that eBay Inc. will post 3.86 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 12th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, August 29th. eBay's dividend payout ratio (DPR) is 25.55%.

Insiders Place Their Bets

In other news, CEO Jamie Iannone sold 12,644 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $76.02, for a total value of $961,196.88. Following the completion of the transaction, the chief executive officer owned 317,625 shares of the company's stock, valued at approximately $24,145,852.50. This trade represents a 3.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Jordan Douglas Bradle Sweetnam sold 23,597 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $77.38, for a total transaction of $1,825,935.86. Following the completion of the transaction, the senior vice president directly owned 44,413 shares of the company's stock, valued at approximately $3,436,677.94. The trade was a 34.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 174,801 shares of company stock valued at $14,763,913 over the last 90 days. 0.64% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Cfra Research raised shares of eBay to a "moderate buy" rating in a report on Thursday, June 5th. Morgan Stanley upped 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. Wells Fargo & Company upped their price objective on shares of eBay from $66.00 to $84.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. Arete raised shares of eBay from a "sell" rating to a "neutral" rating and set a $91.00 price objective for the company in a report on Thursday, August 7th. Finally, Wall Street Zen lowered shares of eBay from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, eBay presently has an average rating of "Hold" and a consensus target price of $78.89.

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.