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Empowered Funds LLC Buys New Shares in eBay Inc. $EBAY

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Empowered Funds LLC purchased a new position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 151,834 shares of the e-commerce company's stock, valued at approximately $16,967,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Allworth Financial LP boosted its holdings in eBay by 62.6% during the fourth quarter. Allworth Financial LP now owns 23,108 shares of the e-commerce company's stock worth $2,013,000 after buying an additional 8,899 shares in the last quarter. North Dakota State Investment Board purchased a new position in eBay in the fourth quarter valued at about $1,809,000. Legal & General Group Plc acquired a new stake in shares of eBay during the 2nd quarter valued at approximately $506,653,000. Eurizon Capital SGR S.p.A. acquired a new stake in shares of eBay during the 4th quarter valued at approximately $9,368,000. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of eBay during the 4th quarter worth approximately $1,209,000. Institutional investors and hedge funds own 87.48% of the company's stock.

Insiders Place Their Bets

In other eBay news, SVP Jordan Douglas Bradle Sweetnam sold 1,014 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $101.39, for a total transaction of $102,809.46. Following the completion of the sale, the senior vice president owned 35,546 shares in the company, valued at $3,604,008.94. This trade represents a 2.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jamie Iannone sold 11,110 shares of the firm's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $108.55, for a total transaction of $1,205,990.50. Following the sale, the chief executive officer directly owned 253,211 shares of the company's stock, valued at $27,486,054.05. The trade was a 4.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 37,126 shares of company stock worth $4,087,886 in the last 90 days. 0.67% of the stock is owned by company insiders.

eBay Stock Performance

NASDAQ:EBAY opened at $105.62 on Friday. The company has a market cap of $47.00 billion, a P/E ratio of 21.87, a P/E/G ratio of 2.48 and a beta of 1.37. The firm's 50 day moving average is $109.77 and its two-hundred day moving average is $102.87. eBay Inc. has a fifty-two week low of $78.03 and a fifty-two week high of $119.31. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.10.

eBay (NASDAQ:EBAY - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.50 by $0.10. The company had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.01 billion. eBay had a return on equity of 47.88% and a net margin of 18.50%.The firm's revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.37 earnings per share. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. Analysts expect that eBay Inc. will post 4.86 EPS for the current year.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.24 annualized dividend and a yield of 1.2%. eBay's payout ratio is 25.67%.

Wall Street Analyst Weigh In

EBAY has been the subject of a number of research analyst reports. Benchmark raised their price target on eBay from $115.00 to $134.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Mizuho set a $110.00 target price on shares of eBay in a report on Thursday, August 6th. Susquehanna reaffirmed a "neutral" rating on shares of eBay in a report on Friday, August 7th. Barclays raised their price objective on shares of eBay from $114.00 to $123.00 and gave the stock an "overweight" rating in a research note on Thursday, August 6th. Finally, President Capital upped their target price on eBay from $102.00 to $126.00 and gave the company a "buy" rating in a research note on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $117.24.

Check Out Our Latest Analysis on eBay

eBay Profile

(Free Report)

eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price "Buy It Now" transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.

The company's core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.

See Also

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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