eBay Inc. $EBAY Position Lessened by Rafferty Asset Management LLC

Key Points

• Rafferty Asset Management LLC reduced its holdings in eBay Inc. by 24.4%, selling 18,944 shares, leaving them with 58,792 shares valued at approximately $3,982,000.
• eBay reported earnings of $1.37 per share for the last quarter, exceeding analysts' expectations of $1.30, with a revenue of $2.73 billion, up 6.1% year-over-year.
• The firm declared a quarterly dividend of $0.29 per share, representing a 1.3% yield, with the ex-dividend date being August 29.

Rafferty Asset Management LLC cut its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 24.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,792 shares of the e-commerce company's stock after selling 18,944 shares during the quarter. Rafferty Asset Management LLC's holdings in eBay were worth $3,982,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EBAY. Orion Capital Management LLC acquired a new position in eBay during the fourth quarter worth $27,000. Abound Financial LLC acquired a new position in shares of eBay in the first quarter worth $29,000. Pinney & Scofield Inc. acquired a new position in shares of eBay in the fourth quarter worth $31,000. Itau Unibanco Holding S.A. acquired a new position in shares of eBay in the fourth quarter worth $33,000. Finally, Sierra Ocean LLC raised 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 worth $36,000 after acquiring an additional 247 shares during the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EBAY. Citizens Jmp raised eBay to a "hold" rating in a report on Thursday, July 10th. BMO Capital Markets raised eBay from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $70.00 to $102.00 in a report on Thursday, July 31st. Daiwa America raised eBay from a "hold" rating to a "strong-buy" rating in a report on Monday, May 12th. Wall Street Zen lowered eBay from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Finally, Deutsche Bank Aktiengesellschaft upped 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. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twenty have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $78.89.

eBay Stock Down 2.4%

Shares of NASDAQ EBAY traded down $2.19 on Monday, hitting $90.61. The company had a trading volume of 7,270,433 shares, compared to its average volume of 5,952,301. eBay Inc. has a 12-month low of $56.33 and a 12-month high of $101.15. The business has a 50 day moving average of $85.62 and a two-hundred day moving average of $75.00. 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 firm has a market capitalization of $41.41 billion, a P/E ratio of 19.96, a PEG ratio of 2.19 and a beta of 1.32.

eBay (NASDAQ:EBAY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 EPS for the quarter, beating analysts' consensus estimates of $1.30 by $0.07. The firm had revenue of $2.73 billion during 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%.eBay's revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.18 earnings per share. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. As a group, equities research analysts forecast that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be issued 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 is currently 25.55%.

Insiders Place Their Bets

In related news, SVP Cornelius Boone sold 2,985 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $78.67, for a total value of $234,829.95. Following the completion of the transaction, the senior vice president owned 92,053 shares of the company's stock, valued at approximately $7,241,809.51. This represents a 3.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Julie A. Loeger sold 75,952 shares of the firm's stock in a transaction dated 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 owned 53,107 shares in the company, valued at approximately $4,952,227.75. The trade was a 58.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 183,209 shares of company stock worth $15,331,663. Company insiders own 0.64% of the company's stock.

About eBay

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.