Empowered Funds LLC Cuts Stock Position in eBay Inc. $EBAY

Key Points

• Empowered Funds LLC reduced its eBay stake by 13.4% in the first quarter, selling 14,307 shares and retaining 92,323 shares valued at approximately $8.4 million. Institutional investors collectively own 87.48% of eBay.
• eBay reported stronger-than-expected quarterly results, with EPS of $1.60 versus $1.50 expected and revenue of $3.13 billion, up 14.8% year over year. The company also declared a quarterly dividend of $0.31 per share, yielding about 1.2% annually.
• Analyst sentiment remains mixed but leans positive: 14 analysts rate eBay a Buy, 17 a Hold and two a Sell, producing an average “Hold” rating and a $117.09 price target. Shares opened at $103.14, down 1.4%.

Empowered Funds LLC lessened its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 13.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,323 shares of the e-commerce company's stock after selling 14,307 shares during the period. Empowered Funds LLC's holdings in eBay were worth $8,403,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Guggenheim Capital LLC increased its holdings in shares of eBay by 7.4% during the second quarter. Guggenheim Capital LLC now owns 14,334 shares of the e-commerce company's stock valued at $1,067,000 after acquiring an additional 988 shares in the last quarter. Jump Financial LLC purchased a new stake in eBay during the 2nd quarter valued at about $275,000. NewEdge Advisors LLC grew its position in eBay by 70.4% during the 2nd quarter. NewEdge Advisors LLC now owns 108,572 shares of the e-commerce company's stock valued at $8,084,000 after purchasing an additional 44,851 shares during the last quarter. Sei Investments Co. increased its stake in eBay by 48.7% during the 2nd quarter. Sei Investments Co. now owns 471,543 shares of the e-commerce company's stock valued at $35,111,000 after purchasing an additional 154,465 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its stake in eBay by 26.3% during the 2nd quarter. Treasurer of the State of North Carolina now owns 325,678 shares of the e-commerce company's stock valued at $24,250,000 after purchasing an additional 67,731 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company's stock.

Insider Activity at eBay

In other eBay news, CEO Jamie Iannone sold 11,110 shares of the business's stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 253,211 shares in the company, valued at $27,486,054.05. The trade was a 4.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Douglas Bradle Sweetnam sold 863 shares of the company's stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $109.17, for a total transaction of $94,213.71. Following the sale, the senior vice president directly owned 34,533 shares of the company's stock, valued at $3,769,967.61. The trade was a 2.44% 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. Over the last 90 days, insiders sold 87,122 shares of company stock worth $9,953,842. 0.67% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Piper Sandler reiterated an "overweight" rating and issued a $133.00 target price (up from $115.00) on shares of eBay in a research note on Thursday, August 6th. Barclays raised their price target on shares of eBay from $114.00 to $123.00 and gave the company an "overweight" rating in a research report on Thursday, August 6th. BNP Paribas Exane upped their price objective on eBay from $97.00 to $110.00 and gave the company a "neutral" rating in a research report on Tuesday, May 5th. Benchmark increased their target price on eBay from $115.00 to $134.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Finally, Susquehanna restated a "neutral" rating on shares of eBay in a research note on Friday, August 7th. Fourteen analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, eBay presently has an average rating of "Hold" and an average target price of $117.09.

eBay Stock Down 1.4%

Shares of eBay stock opened at $103.14 on Friday. eBay Inc. has a twelve month low of $78.03 and a twelve month 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. The company's 50 day moving average is $110.66 and its 200 day moving average is $102.00. The company has a market cap of $45.90 billion, a price-to-earnings ratio of 21.35, a price-to-earnings-growth ratio of 2.49 and a beta of 1.37.

eBay (NASDAQ:EBAY - Get Free Report) last posted its earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 EPS for the quarter, topping analysts' consensus estimates of $1.50 by $0.10. The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.01 billion. eBay had a net margin of 18.50% and a return on equity of 47.88%. The firm's revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.37 EPS. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. Research analysts anticipate that eBay Inc. will post 4.87 EPS for the current year.

eBay Announces Dividend

The company also recently disclosed 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. This represents a $1.24 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, August 28th. eBay's dividend payout ratio is 25.67%.

About eBay

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.

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