MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 201,589 Shares of eBay Inc. $EBAY

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in eBay Inc. by 50.7%, selling 201,589 shares and retaining 196,256 shares valued at $13.29 million.
• Insiders have recently sold significant shares, with CEO Jamie Iannone selling 7,221 shares valued at approximately $666,715, and senior vice president Julie A. Loeger selling 75,952 shares worth about $7.08 million.
• eBay has announced a quarterly dividend of $0.29 per share, resulting in an annualized yield of 1.3%, and the company reported earnings per share of $1.37 for the last quarter, exceeding analysts' expectations.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 50.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 196,256 shares of the e-commerce company's stock after selling 201,589 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in eBay were worth $13,292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. DoubleLine ETF Adviser LP bought a new stake in shares of eBay in the first quarter worth $775,000. Cinctive Capital Management LP bought a new stake in shares of eBay in the first quarter worth $613,000. Banque Transatlantique SA bought a new stake in shares of eBay in the first quarter worth $60,000. Belmont Capital LLC grew its holdings in shares of eBay by 9.0% in the first quarter. Belmont Capital LLC now owns 4,490 shares of the e-commerce company's stock worth $304,000 after acquiring an additional 372 shares during the period. Finally, AQR Capital Management LLC grew its holdings in eBay by 26.0% during the first quarter. AQR Capital Management LLC now owns 1,422,696 shares of the e-commerce company's stock valued at $94,965,000 after purchasing an additional 293,619 shares during the period. Hedge funds and other institutional investors own 87.48% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on EBAY. Barclays reissued an "overweight" rating and set a $92.00 price target (up previously from $77.00) on shares of eBay in a report on Thursday, July 31st. Cowen reissued a "hold" rating on shares of eBay in a report on Tuesday, July 22nd. Robert W. Baird boosted their price target on eBay from $75.00 to $80.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. Cfra Research upgraded eBay to a "moderate buy" rating in a research report on Thursday, June 5th. Finally, Bank of America boosted their price objective on eBay from $89.00 to $101.00 and gave the company a "neutral" rating in a research report on Monday, August 25th. 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 issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $78.89.

Insider Buying and Selling at eBay

In other news, CEO Jamie Iannone sold 7,221 shares of the company's stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $92.33, for a total transaction of $666,714.93. Following the transaction, the chief executive officer owned 246,812 shares of the company's stock, valued at approximately $22,788,151.96. This represents a 2.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Julie A. Loeger sold 75,952 shares of the company's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $93.25, for a total value of $7,082,524.00. Following the transaction, the senior vice president directly owned 53,107 shares in the company, valued at approximately $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 a total of 174,801 shares of company stock worth $14,763,913 over the last ninety days. Company insiders own 0.64% of the company's stock.

eBay Price Performance

Shares of NASDAQ:EBAY traded down $1.66 during mid-day trading on Friday, reaching $90.80. The stock had a trading volume of 4,717,366 shares, compared to its average volume of 5,268,855. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.05. The company has a market cap of $41.50 billion, a P/E ratio of 20.00, a price-to-earnings-growth ratio of 2.20 and a beta of 1.32. eBay Inc. has a 1 year low of $56.33 and a 1 year high of $101.15. The business's 50 day moving average price is $88.63 and its 200 day moving average price is $76.43.

eBay (NASDAQ:EBAY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.30 by $0.07. eBay had a return on equity of 38.97% and a net margin of 20.86%.The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same period in the prior year, the business posted $1.18 earnings per share. The company's quarterly 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. Research analysts expect that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Dividend Announcement

The business 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 dividend payout ratio is 25.55%.

eBay 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.