Forza Wealth Management LLC Makes New Investment in eBay Inc. $EBAY

Key Points

• Forza Wealth Management LLC has acquired a new stake in eBay Inc., purchasing 3,013 shares valued at approximately $224,000 in the second quarter.
• Analysts have varied ratings on eBay, with price targets ranging from $66 to $98, resulting in a consensus rating of "Hold" and a target price of $81.11.
• eBay reported an EPS of $1.37 for Q2, exceeding analysts' expectations, with quarterly revenue rising by 6.1% year-over-year to $2.73 billion.

Forza Wealth Management LLC bought a new stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,013 shares of the e-commerce company's stock, valued at approximately $224,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Independent Franchise Partners LLP boosted its position in shares of eBay by 4.6% in the first quarter. Independent Franchise Partners LLP now owns 11,689,267 shares of the e-commerce company's stock valued at $791,714,000 after acquiring an additional 510,629 shares during the period. Invesco Ltd. increased its holdings in eBay by 8.0% during the 1st quarter. Invesco Ltd. now owns 8,441,396 shares of the e-commerce company's stock worth $571,736,000 after acquiring an additional 627,823 shares during the period. Northern Trust Corp lifted its stake in eBay by 4.4% in the 1st quarter. Northern Trust Corp now owns 7,109,481 shares of the e-commerce company's stock worth $481,525,000 after purchasing an additional 300,216 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in eBay by 5.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,157,105 shares of the e-commerce company's stock valued at $417,021,000 after purchasing an additional 322,910 shares during the period. Finally, Impax Asset Management Group plc boosted its holdings in eBay by 2,536.5% in the 1st quarter. Impax Asset Management Group plc now owns 3,535,290 shares of the e-commerce company's stock valued at $239,037,000 after purchasing an additional 3,401,198 shares during the period. 87.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EBAY has been the topic of a number of recent analyst reports. Robert W. Baird increased their price objective on eBay from $75.00 to $80.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Wall Street Zen cut eBay from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. Wells Fargo & Company boosted their price objective on eBay from $66.00 to $84.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Mizuho started coverage on shares of eBay in a research note on Monday. They issued a "neutral" rating and a $98.00 target price on the stock. Finally, JPMorgan Chase & Co. boosted their price target on shares of eBay from $66.00 to $68.00 and gave the stock a "neutral" rating in a research note on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, eBay currently has a consensus rating of "Hold" and a consensus price target of $81.11.

eBay Trading Down 0.2%

EBAY stock opened at $90.95 on Wednesday. The company has a market capitalization of $41.56 billion, a PE ratio of 20.03, a price-to-earnings-growth ratio of 2.20 and a beta of 1.32. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.00 and a current ratio of 1.00. eBay Inc. has a one year low of $56.33 and a one year high of $101.15. The company's 50 day moving average price is $91.87 and its two-hundred day moving average price is $78.41.

eBay (NASDAQ:EBAY - Get Free Report) last issued its earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 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 company 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 earned $1.18 EPS. The firm's revenue was up 6.1% compared to the same quarter last year. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. As a group, analysts predict that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, August 29th. eBay's dividend payout ratio (DPR) is presently 25.55%.

Insiders Place Their Bets

In other news, SVP Mazen Rawashdeh sold 1,910 shares of the firm's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $89.31, for a total value of $170,582.10. Following the transaction, the senior vice president owned 3,824 shares in the company, valued at approximately $341,521.44. This trade represents a 33.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jordan Douglas Bradle Sweetnam sold 22,206 shares of eBay stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $77.90, for a total transaction of $1,729,847.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 111,728 shares of company stock worth $10,047,092. 0.64% of the stock is currently owned by corporate insiders.

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.

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