Element Capital Management LLC Takes Position in eBay Inc. $EBAY

Key Points

• Element Capital Management LLC has made a new investment in eBay Inc., acquiring 41,606 shares worth approximately $2.82 million, which represents about 0.7% of its investment portfolio.
• eBay reported earnings per share (EPS) of $1.37 for the last quarter, exceeding analysts' expectations of $1.30, with a year-over-year revenue increase of 6.1%.
• The company announced a quarterly dividend of $0.29 per share, effective September 12th, representing an annualized yield of 1.2%.

Element Capital Management LLC purchased a new position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 41,606 shares of the e-commerce company's stock, valued at approximately $2,818,000. eBay accounts for about 0.7% of Element Capital Management LLC's portfolio, making the stock its 8th largest holding.

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

Wall Street Analysts Forecast Growth

EBAY has been the topic of several research analyst reports. TD Securities boosted their price objective on shares of eBay from $62.00 to $64.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Cowen reiterated a "hold" rating on shares of eBay in a research note on Tuesday, July 22nd. UBS Group set a $87.00 price objective on eBay in a research report on Thursday, July 31st. JPMorgan Chase & Co. boosted their price objective on eBay from $66.00 to $68.00 and gave the stock a "neutral" rating in a research report on Friday, July 11th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on eBay from $75.00 to $90.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twenty have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, eBay currently has an average rating of "Hold" and a consensus price target of $78.19.

eBay Stock Performance

Shares of EBAY stock traded up $0.86 during trading hours on Tuesday, hitting $99.89. The stock had a trading volume of 3,598,987 shares, compared to its average volume of 5,617,387. eBay Inc. has a twelve month low of $56.33 and a twelve month high of $101.15. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.00 and a quick ratio of 1.00. The stock's 50 day moving average is $81.99 and its 200 day moving average is $73.06. The firm has a market capitalization of $45.65 billion, a PE ratio of 22.00, a PEG ratio of 2.43 and a beta of 1.27.

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

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be paid 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 dividend payout ratio is 25.55%.

Insiders Place Their Bets

In other eBay news, CEO Jamie Iannone sold 10,974 shares of the stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $75.75, for a total value of $831,280.50. Following the completion of the transaction, the chief executive officer owned 306,651 shares in the company, valued at approximately $23,228,813.25. This represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jordan Douglas Bradle Sweetnam sold 22,206 shares of the stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $77.90, for a total value of $1,729,847.40. The disclosure for this sale can be found here. Insiders sold 276,104 shares of company stock valued at $22,025,676 over the last 90 days. 0.64% of the stock is owned by corporate insiders.

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.