First Manhattan CO. LLC. Has $1.12 Million Position in eBay Inc. $EBAY

Key Points

• First Manhattan CO. LLC reduced its holdings in eBay Inc. by 41.5%, selling 11,716 shares during the first quarter, bringing its total to 16,516 shares valued at approximately $1.12 million.
• eBay's stock received a mix of analyst ratings, with price targets ranging from $66 to $90, indicating a consensus rating of "Hold" and a target price of $78.89.
• The company announced a quarterly dividend of $0.29 per share, with a dividend yield of 1.3%, which is indicative of its commitment to returning value to shareholders.

First Manhattan CO. LLC. lowered its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 41.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,516 shares of the e-commerce company's stock after selling 11,716 shares during the period. First Manhattan CO. LLC.'s holdings in eBay were worth $1,119,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Maverick Capital Ltd. acquired a new stake in shares of eBay in the first quarter valued at approximately $3,248,000. Alamea Verwaltungs GmbH acquired a new stake in shares of eBay in the first quarter valued at approximately $490,000. Vident Advisory LLC increased its stake in shares of eBay by 57.1% in the first quarter. Vident Advisory LLC now owns 17,557 shares of the e-commerce company's stock valued at $1,189,000 after purchasing an additional 6,380 shares during the period. Canada Pension Plan Investment Board increased its stake in shares of eBay by 2.9% in the first quarter. Canada Pension Plan Investment Board now owns 463,748 shares of the e-commerce company's stock valued at $31,410,000 after purchasing an additional 13,033 shares during the period. Finally, WPG Advisers LLC acquired a new stake in shares of eBay in the first quarter valued at approximately $54,000. Institutional investors and hedge funds own 87.48% of the company's stock.

Insider Buying and Selling

In related 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Julie A. Loeger sold 75,952 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $93.25, for a total transaction of $7,082,524.00. Following the completion of the transaction, the senior vice president directly owned 53,107 shares of the company's stock, valued at $4,952,227.75. This represents a 58.85% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 180,224 shares of company stock valued at $15,096,833. Company insiders own 0.64% of the company's stock.

eBay Price Performance

eBay stock traded down $0.37 during mid-day trading on Friday, hitting $92.66. The company's stock had a trading volume of 5,656,404 shares, compared to its average volume of 5,654,809. 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 stock has a market capitalization of $42.35 billion, a P/E ratio of 20.41, a P/E/G ratio of 2.25 and a beta of 1.32. eBay Inc. has a twelve month low of $56.33 and a twelve month high of $101.15. The stock's fifty day moving average price is $87.01 and its two-hundred day moving average price is $75.52.

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 (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.07. The firm had revenue of $2.73 billion for 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%. The firm's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.18 earnings per share. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. Research analysts forecast that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.16 dividend on an annualized basis and a yield of 1.3%. eBay's dividend payout ratio (DPR) is currently 25.55%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on EBAY shares. Cowen restated a "hold" rating on shares of eBay in a research note on Tuesday, July 22nd. Arete upgraded shares of eBay from a "sell" rating to a "neutral" rating and set a $91.00 price target on the stock in a research note on Thursday, August 7th. Daiwa America upgraded shares of eBay from a "hold" rating to a "strong-buy" rating in a research note on Monday, May 12th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of eBay from $75.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Finally, Robert W. Baird raised their price objective on shares of eBay from $75.00 to $80.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twenty have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, eBay 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.