Empowered Funds LLC Sells 27,428 Shares of eBay Inc. $EBAY

Key Points

• Empowered Funds LLC reduced its stake in eBay by 31.6%, selling 27,428 shares, and now holds 59,251 shares valued at approximately $4,013,000.
• eBay's quarterly earnings report exceeded analyst expectations, posting $1.37 earnings per share and $2.73 billion in revenue, marking a 6.1% year-over-year increase.
• The company recently declared a quarterly dividend of $0.29 per share, reflecting a 1.3% dividend yield with a payout ratio of 25.55%.

Empowered Funds LLC decreased its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 31.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,251 shares of the e-commerce company's stock after selling 27,428 shares during the quarter. Empowered Funds LLC's holdings in eBay were worth $4,013,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in EBAY. Impax Asset Management Group plc boosted its holdings in shares of eBay by 2,536.5% in the first quarter. Impax Asset Management Group plc now owns 3,535,290 shares of the e-commerce company's stock worth $239,037,000 after buying an additional 3,401,198 shares during the last quarter. Nuveen LLC purchased a new position in shares of eBay in the first quarter worth approximately $202,346,000. Pacer Advisors Inc. boosted its holdings in shares of eBay by 5,181.4% in the first quarter. Pacer Advisors Inc. now owns 2,196,321 shares of the e-commerce company's stock worth $148,757,000 after buying an additional 2,154,735 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of eBay by 253.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,763,766 shares of the e-commerce company's stock worth $187,191,000 after buying an additional 1,981,011 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of eBay by 7,928.1% in the first quarter. GAMMA Investing LLC now owns 841,748 shares of the e-commerce company's stock worth $57,012,000 after buying an additional 831,263 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company's stock.

eBay Price Performance

EBAY traded down $0.44 during trading hours on Monday, hitting $90.36. The company's stock had a trading volume of 4,002,581 shares, compared to its average volume of 5,268,855. The business's 50-day moving average price is $88.92 and its 200-day moving average price is $76.61. eBay Inc. has a 12 month low of $56.33 and a 12 month high of $101.15. The stock has a market cap of $41.29 billion, a price-to-earnings ratio of 19.90, a P/E/G ratio of 2.20 and a beta of 1.32. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.05.

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, topping the consensus estimate of $1.30 by $0.07. eBay had a net margin of 20.86% and a return on equity of 38.97%. The company had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.64 billion. During the same quarter in the previous year, the business posted $1.18 earnings per share. eBay's quarterly revenue was up 6.1% on a year-over-year basis. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. Sell-side analysts expect that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were given a dividend of $0.29 per share. The ex-dividend date was Friday, August 29th. This represents a $1.16 dividend on an annualized basis and a yield of 1.3%. eBay's payout ratio is 25.55%.

Insider Buying and Selling at eBay

In other eBay news, SVP Jordan Douglas Bradle Sweetnam sold 23,597 shares of the business's stock in a transaction 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 transaction, the senior vice president owned 44,413 shares in the company, valued at $3,436,677.94. The trade was a 34.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 transaction, the senior vice president owned 53,107 shares in the company, valued at $4,952,227.75. This trade represents a 58.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 174,801 shares of company stock worth $14,763,913 over the last quarter. Insiders own 0.64% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Cantor Fitzgerald lifted their price target on shares of eBay from $69.00 to $85.00 and gave the company a "neutral" rating in a report on Thursday, July 31st. Piper Sandler lifted their price target on shares of eBay from $74.00 to $95.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Susquehanna lifted their price target on shares of eBay from $70.00 to $95.00 and gave the company a "neutral" rating in a report on Friday, August 1st. Wall Street Zen downgraded shares of eBay from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Finally, Citizens Jmp upgraded shares of eBay to a "hold" rating in a research report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $78.89.

eBay Company 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.