Northwest & Ethical Investments L.P. Buys 313,811 Shares of eBay Inc. $EBAY

Key Points

• Northwest & Ethical Investments L.P. significantly increased its holdings in eBay Inc. by 418.6% during the 1st quarter, now owning approximately 0.08% of the company valued at $26.3 million.
• eBay has announced a quarterly dividend of $0.29 per share, representing a 1.2% dividend yield, with the payment scheduled for September 12th.
• Analysts have upgraded eBay's target price, with Deutsche Bank raising it from $75 to $90, indicating confidence in the company's growth prospects.

Northwest & Ethical Investments L.P. raised its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 418.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 388,783 shares of the e-commerce company's stock after acquiring an additional 313,811 shares during the period. Northwest & Ethical Investments L.P. owned approximately 0.08% of eBay worth $26,332,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Orion Capital Management LLC acquired a new stake in shares of eBay in the 4th quarter worth approximately $27,000. Abound Financial LLC purchased a new position in shares of eBay in the 1st quarter worth $29,000. Pinney & Scofield Inc. purchased a new position in eBay in the fourth quarter valued at about $31,000. Itau Unibanco Holding S.A. acquired a new stake in shares of eBay during the fourth quarter valued at about $33,000. Finally, Transce3nd LLC acquired a new stake in shares of eBay during the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 87.48% of the company's stock.

Insider Activity at eBay

In other eBay news, SVP Julie A. Loeger sold 75,952 shares of eBay stock in a transaction 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 sale, the senior vice president directly owned 53,107 shares in the company, valued at approximately $4,952,227.75. The trade was a 58.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Cornelius Boone sold 2,985 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $78.67, for a total value of $234,829.95. Following the completion of the sale, the senior vice president directly owned 92,053 shares of the company's stock, valued at approximately $7,241,809.51. The trade was a 3.14% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 183,209 shares of company stock valued at $15,331,663. Insiders own 0.64% of the company's stock.

eBay Price Performance

Shares of EBAY traded down $0.74 during mid-day trading on Wednesday, hitting $99.15. 6,345,616 shares of the company traded hands, compared to its average volume of 5,629,666. eBay Inc. has a one year low of $56.33 and a one year high of $101.15. The stock has a market capitalization of $45.31 billion, a price-to-earnings ratio of 21.84, a PEG ratio of 2.39 and a beta of 1.27. 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 business has a 50-day moving average of $82.83 and a 200 day moving average of $73.42.

eBay (NASDAQ:EBAY - Get Free Report) last announced 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 net margin of 20.86% and a return on equity of 38.97%. The firm had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.64 billion. During the same period last year, the firm earned $1.18 earnings per share. The business's revenue for the quarter was up 6.1% on a year-over-year basis. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. As a group, equities analysts expect that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be issued a $0.29 dividend. The ex-dividend date is Friday, August 29th. This represents a $1.16 annualized dividend and a yield of 1.2%. eBay's dividend payout ratio (DPR) is 25.55%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Arete raised shares of eBay from a "sell" rating to a "neutral" rating and set a $91.00 target price on the stock in a report on Thursday, August 7th. Argus restated a "hold" rating on shares of eBay in a research report on Thursday, August 14th. Bank of America lifted their price objective on shares of eBay from $71.00 to $82.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 29th. JMP Securities restated a "market perform" rating on shares of eBay in a report on Thursday, May 1st. Finally, Cfra Research upgraded shares of eBay to a "moderate buy" rating in a report on Thursday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twenty have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $78.19.

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.