Wedge Capital Management L L P NC Sells 116,606 Shares of eBay Inc. $EBAY

Key Points

• Wedge Capital Management L L P NC reduced its holdings in eBay by 20.1%, now owning approximately 464,201 shares valued at $34.56 million.
• Several institutional investors, including Livforsakringsbolaget Skandia Omsesidigt and Wealth Enhancement Advisory Services LLC, significantly increased their stakes in eBay, showing a mixed sentiment among shareholders.
• eBay's latest earnings report indicated a solid performance with $1.37 earnings per share, surpassing expectations and marking a 6.1% revenue increase year-over-year.

Wedge Capital Management L L P NC lessened its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 20.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 464,201 shares of the e-commerce company's stock after selling 116,606 shares during the quarter. Wedge Capital Management L L P NC owned about 0.10% of eBay worth $34,564,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Wealth Preservation Advisors LLC bought a new position in eBay in the 1st quarter worth $26,000. Orion Capital Management LLC acquired a new stake in eBay in the 4th quarter worth $27,000. Abound Financial LLC acquired a new stake in eBay in the 1st quarter worth $29,000. Pinney & Scofield Inc. acquired a new stake in eBay in the 4th quarter worth $31,000. Finally, Sierra Ocean LLC grew its position in eBay by 84.9% in the 1st quarter. Sierra Ocean LLC now owns 538 shares of the e-commerce company's stock worth $36,000 after purchasing an additional 247 shares during the last quarter. Institutional investors own 87.48% of the company's stock.

eBay Price Performance

EBAY stock traded up $0.30 during trading on Tuesday, hitting $90.89. 1,977,521 shares of the stock traded hands, compared to its average volume of 5,624,741. eBay Inc. has a one year low of $56.33 and a one year high of $101.15. The stock has a market cap of $41.54 billion, a price-to-earnings ratio of 20.05, a P/E/G ratio of 2.20 and a beta of 1.32. The company has a 50 day simple moving average of $90.25 and a 200 day simple moving average of $77.40. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.05.

eBay (NASDAQ:EBAY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.07. eBay had a net margin of 20.86% and a return on equity of 38.97%. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same period last year, the firm posted $1.18 EPS. The firm's quarterly revenue was up 6.1% on a year-over-year basis. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. Equities analysts expect that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.3%. eBay's payout ratio is currently 25.55%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Citizens Jmp upgraded shares of eBay to a "hold" rating in a research report on Thursday, July 10th. Stifel Nicolaus raised their price target on shares of eBay from $62.00 to $68.00 and gave the stock a "hold" rating in a research report on Tuesday, July 29th. Morgan Stanley raised their price target on shares of eBay from $81.00 to $89.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Benchmark raised their price target on shares of eBay from $78.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Finally, Robert W. Baird lifted their target price on shares of eBay from $75.00 to $80.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $79.75.

Insider Buying and Selling

In other eBay news, SVP Mazen Rawashdeh sold 1,910 shares of the business's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $89.31, for a total value of $170,582.10. Following the completion of the transaction, the senior vice president directly owned 3,824 shares of the company's stock, valued at approximately $341,521.44. The trade was a 33.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Julie A. Loeger sold 75,952 shares of the business'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 directly owned 53,107 shares of the company's stock, valued at approximately $4,952,227.75. This represents a 58.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 157,553 shares of company stock valued at $13,505,983. Insiders own 0.64% of the company's stock.

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.