Nitorum Capital L.P. Trims Stake in eBay Inc. $EBAY

Key Points

• Nitorum Capital L.P. reduced its stake in eBay Inc. by 31.3% during the first quarter, now holding around 236,922 shares, making it the 22nd largest holding in their portfolio.
• Several institutional investors, including Wealth Preservation Advisors and Sierra Ocean LLC, have recently made new stakes in eBay, indicating growing interest, with institutional ownership currently at 87.48%.
• eBay's quarterly earnings exceeded expectations with $1.37 earnings per share, up from $1.18 the previous year, and the company has also declared a quarterly dividend of $0.29 per share.

Nitorum Capital L.P. decreased its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 31.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 236,922 shares of the e-commerce company's stock after selling 108,007 shares during the period. eBay accounts for about 2.3% of Nitorum Capital L.P.'s holdings, making the stock its 22nd biggest holding. Nitorum Capital L.P. owned 0.05% of eBay worth $16,047,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wealth Preservation Advisors LLC acquired a new stake in shares of eBay in the first quarter valued at about $26,000. Abound Financial LLC bought a new position in eBay in the first quarter worth approximately $29,000. Orion Capital Management LLC bought a new position in eBay in the fourth quarter worth approximately $27,000. Pinney & Scofield Inc. bought a new position in shares of eBay in the fourth quarter valued at approximately $31,000. Finally, Sierra Ocean LLC lifted its holdings in shares of eBay by 84.9% in the first quarter. Sierra Ocean LLC now owns 538 shares of the e-commerce company's stock valued at $36,000 after purchasing an additional 247 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. BMO Capital Markets raised eBay from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $70.00 to $102.00 in a research report on Thursday, July 31st. Benchmark lifted their price target on eBay from $78.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Deutsche Bank Aktiengesellschaft boosted their target price on eBay from $75.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Stifel Nicolaus boosted their price target on eBay from $62.00 to $68.00 and gave the company a "hold" rating in a report on Tuesday, July 29th. Finally, Citizens Jmp upgraded eBay to a "hold" rating in a report on Thursday, July 10th. One equities research 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 given a Sell rating to the stock. According to MarketBeat.com, eBay currently has a consensus rating of "Hold" and an average price target of $78.89.

eBay Stock Down 0.4%

Shares of eBay stock traded down $0.37 during midday trading on Friday, hitting $92.66. The company had a trading volume of 5,656,404 shares, compared to its average volume of 5,671,355. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of $42.35 billion, a P/E ratio of 20.41, a P/E/G ratio of 2.24 and a beta of 1.32. The company has a 50 day moving average of $87.01 and a 200 day moving average of $75.61. eBay Inc. has a 52-week low of $56.33 and a 52-week high of $101.15.

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

eBay Announces Dividend

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

Insider Activity at eBay

In other news, SVP Julie A. Loeger sold 75,952 shares of the stock in a transaction 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Jordan Douglas Bradle Sweetnam sold 23,597 shares of the stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $77.38, for a total value of $1,825,935.86. Following the transaction, the senior vice president directly 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 disclosure for this sale can be found here. In the last three months, insiders have sold 180,224 shares of company stock valued at $15,096,833. 0.64% of the stock is owned by corporate insiders.

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.