eBay Inc. $EBAY Shares Acquired by Ethic Inc.

Key Points

• Ethic Inc. increased its stake in eBay by 6.1%, owning a total of 128,025 shares valued at approximately $8.68 million.
• eBay reported earnings of $1.37 per share, surpassing analysts' expectations of $1.30, with revenues of $2.73 billion for the quarter.
• The company declared a quarterly dividend of $0.29 per share, representing an annual yield of 1.2%, with payment scheduled for September 12th.

Ethic Inc. grew its holdings in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 6.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 128,025 shares of the e-commerce company's stock after acquiring an additional 7,410 shares during the period. Ethic Inc.'s holdings in eBay were worth $8,680,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of EBAY. Orion Capital Management LLC acquired a new stake in shares of eBay during the fourth quarter valued at about $27,000. Abound Financial LLC acquired a new stake in shares of eBay during the first quarter valued at about $29,000. Pinney & Scofield Inc. acquired a new stake in shares of eBay during 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. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EBAY has been the subject of several recent analyst reports. Wall Street Zen downgraded eBay from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Morgan Stanley raised their target price on eBay from $81.00 to $89.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Deutsche Bank Aktiengesellschaft raised 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. Arete raised shares of eBay from a "sell" rating to a "neutral" rating and set a $91.00 price target on the stock in a research report on Thursday, August 7th. Finally, Cowen reiterated a "hold" rating on shares of eBay in a research note on Tuesday, July 22nd. One 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, eBay has an average rating of "Hold" and an average price target of $78.19.

eBay Stock Performance

NASDAQ EBAY traded down $0.4440 during trading hours on Wednesday, reaching $99.4460. The company's stock had a trading volume of 3,603,239 shares, compared to its average volume of 5,611,527. 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 simple moving average of $82.41 and a 200 day simple moving average of $73.24. eBay Inc. has a 52 week low of $56.33 and a 52 week high of $101.15. The stock has a market cap of $45.45 billion, a PE ratio of 21.90, a PEG ratio of 2.39 and a beta of 1.27.

eBay (NASDAQ:EBAY - Get Free Report) last issued its earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share (EPS) for the quarter, topping 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 quarter last year, the company posted $1.18 earnings per share. eBay's 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 research analysts predict 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. Stockholders of record on Friday, August 29th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 29th. eBay's payout ratio is 25.55%.

Insiders Place Their Bets

In other news, SVP Cornelius Boone sold 2,985 shares of eBay stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $78.67, for a total transaction of $234,829.95. Following the sale, the senior vice president 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jamie Iannone sold 10,974 shares of eBay stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $75.75, for a total value of $831,280.50. Following the sale, the chief executive officer directly owned 306,651 shares in the company, valued at approximately $23,228,813.25. This trade represents a 3.46% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 183,209 shares of company stock worth $15,331,663. 0.64% of the stock is currently 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.