eBay Inc. $EBAY Shares Sold by NewEdge Advisors LLC

Key Points

• NewEdge Advisors cut its eBay stake by 43.5% in the first quarter, selling 54,098 shares and retaining 70,250 shares valued at approximately $6.4 million. Institutional investors collectively own 87.48% of eBay.
• eBay reported quarterly EPS of $1.60 and revenue of $3.13 billion, exceeding analyst estimates, with revenue up 14.8% year over year. The company also declared a quarterly dividend of $0.31 per share, representing a 1.2% yield.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $116.69, despite several firms raising or maintaining bullish targets. Potential uncertainty around GameStop’s reported bid withdrawal and recent insider selling may limit takeover-related upside.

NewEdge Advisors LLC trimmed its holdings in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 43.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 70,250 shares of the e-commerce company's stock after selling 54,098 shares during the quarter. NewEdge Advisors LLC's holdings in eBay were worth $6,394,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of EBAY. Vanguard Group Inc. boosted its stake in eBay by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 57,613,332 shares of the e-commerce company's stock valued at $5,018,121,000 after purchasing an additional 468,833 shares during the period. Invesco Ltd. raised its holdings in shares of eBay by 8.3% during the fourth quarter. Invesco Ltd. now owns 9,020,923 shares of the e-commerce company's stock valued at $785,722,000 after buying an additional 692,805 shares during the last quarter. Independent Franchise Partners LLP raised its holdings in shares of eBay by 5.2% during the fourth quarter. Independent Franchise Partners LLP now owns 7,748,177 shares of the e-commerce company's stock valued at $674,866,000 after buying an additional 384,570 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of eBay by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 4,901,415 shares of the e-commerce company's stock worth $446,042,000 after buying an additional 80,450 shares during the period. Finally, Bank of America Corp DE grew its holdings in eBay by 0.8% in the 1st quarter. Bank of America Corp DE now owns 3,722,253 shares of the e-commerce company's stock worth $338,799,000 after buying an additional 30,761 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on EBAY. Needham & Company LLC lifted their target price on eBay from $122.00 to $135.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Morgan Stanley reissued an "overweight" rating and set a $127.00 price target on shares of eBay in a report on Thursday. Citigroup restated an "outperform" rating on shares of eBay in a research note on Tuesday, July 14th. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $115.00 price objective on shares of eBay in a report on Monday, August 3rd. Finally, Robert W. Baird set a $126.00 target price on shares of eBay in a research report on Thursday. Fourteen research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, eBay has a consensus rating of "Hold" and a consensus price target of $116.69.

eBay Stock Performance

Shares of NASDAQ EBAY opened at $107.71 on Tuesday. The company has a market capitalization of $47.82 billion, a P/E ratio of 22.30, a price-to-earnings-growth ratio of 2.69 and a beta of 1.37. eBay Inc. has a one year low of $78.03 and a one year high of $119.31. The business's 50-day moving average price is $111.07 and its two-hundred day moving average price is $101.77. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.02 and a quick ratio of 1.02.

eBay (NASDAQ:EBAY - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.10. eBay had a net margin of 18.50% and a return on equity of 47.88%. The company had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same period last year, the business posted $1.37 EPS. The business's quarterly revenue was up 14.8% on a year-over-year basis. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. Analysts anticipate that eBay Inc. will post 4.89 earnings per share for the current fiscal year.

eBay Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, August 28th. eBay's payout ratio is currently 25.67%.

eBay News Roundup

Here are the key news stories impacting eBay this week:

• Positive Sentiment: Argus upgraded eBay, providing some support for the standalone investment case. However, the available report does not provide details on the firm’s rationale or price target. eBay upgraded at Argus
• Neutral Sentiment: GameStop is reportedly considering replacing its proposed takeover with a partnership or joint venture that would give eBay access to GameStop’s approximately 1,600 U.S. stores. Such an arrangement could create commercial opportunities, but analysts questioned whether it would deliver meaningful value comparable to a full acquisition. eBay may dodge a GameStop takeover
• Negative Sentiment: The potential withdrawal of GameStop’s $56 billion bid reduces the probability that eBay shareholders will receive a takeover premium. Investors therefore appear to be removing merger-related speculation from the valuation and refocusing on eBay’s standalone outlook. GameStop weighing withdrawal of eBay bid
• Negative Sentiment: eBay CEO Jamie Iannone sold 22,220 shares for approximately $2.4 million on August 5 and 6. While insider sales can reflect compensation, taxes, or personal portfolio decisions, the transaction may add to investor caution, particularly after reports that other eBay insiders have also been net sellers. eBay CEO Jamie Iannone sells shares
• Negative Sentiment: Analyst sentiment remains mixed: eBay carries a consensus “Hold” rating, while Cantor Fitzgerald recently reduced its price target to $106, close to the stock’s reported trading level. This limits additional valuation support if takeover hopes fade. eBay consensus analyst rating

Insider Buying and Selling at eBay

In other eBay news, SVP Jordan Douglas Bradle Sweetnam sold 1,010 shares of the firm's stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $115.61, for a total value of $116,766.10. Following the completion of the sale, the senior vice president owned 32,146 shares in the company, valued at approximately $3,716,399.06. This trade represents a 3.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 11,110 shares of eBay stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $108.55, for a total value of $1,205,990.50. Following the sale, the chief executive officer directly owned 253,211 shares in the company, valued at $27,486,054.05. The trade was a 4.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 87,122 shares of company stock valued at $9,953,842 in the last quarter. Corporate insiders own 0.67% of the company's stock.

eBay Profile

eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price "Buy It Now" transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.

The company's core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.

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