Ascent Group LLC Has $2.45 Million Holdings in eBay Inc. $EBAY

Key Points

• Ascent Group LLC has increased its stake in eBay Inc. by 168.7%, owning 36,138 shares valued at approximately $2.45 million after acquiring an additional 22,688 shares during the 1st quarter.
• eBay recently reported a quarterly earnings increase on July 30, showing $1.37 EPS which exceeded analysts' expectations, along with revenue of $2.73 billion, a 6.1% increase from the previous year.
• The company announced a quarterly dividend of $0.29 per share, with an ex-dividend date set for August 29, providing an annualized yield of 1.2%.

Ascent Group LLC boosted its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 168.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,138 shares of the e-commerce company's stock after acquiring an additional 22,688 shares during the period. Ascent Group LLC's holdings in eBay were worth $2,448,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in EBAY. Kovitz Investment Group Partners LLC lifted its position in shares of eBay by 0.6% in the first quarter. Kovitz Investment Group Partners LLC now owns 23,039 shares of the e-commerce company's stock worth $1,560,000 after purchasing an additional 143 shares in the last quarter. Rosenberg Matthew Hamilton lifted its position in shares of eBay by 36.5% in the first quarter. Rosenberg Matthew Hamilton now owns 598 shares of the e-commerce company's stock worth $41,000 after purchasing an additional 160 shares in the last quarter. Capital Investment Advisory Services LLC lifted its position in shares of eBay by 4.0% in the first quarter. Capital Investment Advisory Services LLC now owns 4,201 shares of the e-commerce company's stock worth $285,000 after purchasing an additional 160 shares in the last quarter. Journey Strategic Wealth LLC lifted its position in shares of eBay by 4.4% in the first quarter. Journey Strategic Wealth LLC now owns 3,921 shares of the e-commerce company's stock worth $266,000 after purchasing an additional 166 shares in the last quarter. Finally, Hohimer Wealth Management LLC lifted its position in shares of eBay by 0.3% in the first quarter. Hohimer Wealth Management LLC now owns 59,414 shares of the e-commerce company's stock worth $4,024,000 after purchasing an additional 167 shares in the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on EBAY shares. Cantor Fitzgerald increased their price target on shares of eBay from $69.00 to $85.00 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. JMP Securities reaffirmed a "market perform" rating on shares of eBay in a research report on Thursday, May 1st. Arete raised shares of eBay from a "sell" rating to a "neutral" rating and set a $91.00 price objective on the stock in a research report on Thursday, August 7th. Benchmark raised their price objective on shares of eBay from $78.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, Citizens Jmp raised shares of eBay to a "hold" rating in a research report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, eBay presently has an average rating of "Hold" and a consensus target price of $78.89.

eBay Stock Performance

EBAY traded down $0.97 during trading on Wednesday, reaching $93.67. 5,617,258 shares of the company's stock were exchanged, compared to its average volume of 7,007,759. eBay Inc. has a fifty-two week low of $56.33 and a fifty-two week 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 business has a 50 day moving average price of $84.78 and a 200 day moving average price of $74.44. The company has a market capitalization of $42.81 billion, a P/E ratio of 20.63, a PEG ratio of 2.29 and a beta of 1.27.

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

eBay Announces Dividend

The firm also recently declared 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. The ex-dividend date is Friday, August 29th. This represents a $1.16 dividend on an annualized basis and a yield of 1.2%. eBay's payout ratio is currently 25.55%.

Insider Buying and Selling at eBay

In other news, SVP Cornelius Boone sold 2,985 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $78.67, for a total value of $234,829.95. Following the sale, the senior vice president owned 92,053 shares in the company, valued at approximately $7,241,809.51. The trade was a 3.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Julie A. Loeger sold 75,952 shares of the business's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $93.25, for a total transaction of $7,082,524.00. Following the completion of the sale, the senior vice president owned 53,107 shares in the company, valued at $4,952,227.75. This represents a 58.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 183,209 shares of company stock worth $15,331,663 over the last three months. 0.64% of the stock is currently owned by corporate insiders.

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.