Fred Alger Management LLC Purchases Shares of 3,891 eBay Inc. $EBAY

Key Points

• Fred Alger Management LLC purchased 3,891 shares of eBay Inc. valued at approximately $264,000 in the first quarter, indicating growing interest from institutional investors.
• eBay's quarterly earnings topped consensus estimates, reporting $1.37 earnings per share and $2.73 billion in revenue, marking a 6.1% year-over-year increase.
• Several analysts have recently adjusted their ratings on eBay, with one institution increasing the price target from $66.00 to $84.00, while the consensus rating remains a "Hold" at around $78.89.

Fred Alger Management LLC purchased a new stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,891 shares of the e-commerce company's stock, valued at approximately $264,000.

Several other hedge funds have also modified their holdings of the company. Kovitz Investment Group Partners LLC lifted its position in shares of eBay by 0.6% during the first quarter. Kovitz Investment Group Partners LLC now owns 23,039 shares of the e-commerce company's stock valued at $1,560,000 after buying an additional 143 shares during the last quarter. Rosenberg Matthew Hamilton lifted its position in shares of eBay by 36.5% during the first quarter. Rosenberg Matthew Hamilton now owns 598 shares of the e-commerce company's stock valued at $41,000 after buying an additional 160 shares during the last quarter. Capital Investment Advisory Services LLC lifted its position in shares of eBay by 4.0% during the first quarter. Capital Investment Advisory Services LLC now owns 4,201 shares of the e-commerce company's stock valued at $285,000 after buying an additional 160 shares during the last quarter. Journey Strategic Wealth LLC lifted its position in shares of eBay by 4.4% during the first quarter. Journey Strategic Wealth LLC now owns 3,921 shares of the e-commerce company's stock valued at $266,000 after buying an additional 166 shares during the last quarter. Finally, Hohimer Wealth Management LLC lifted its position in shares of eBay by 0.3% during the first quarter. Hohimer Wealth Management LLC now owns 59,414 shares of the e-commerce company's stock valued at $4,024,000 after buying an additional 167 shares during the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on EBAY. Cfra Research raised shares of eBay to a "moderate buy" rating in a research report on Thursday, June 5th. Citizens Jmp raised shares of eBay to a "hold" rating in a research report on Thursday, July 10th. Wall Street Zen lowered shares of eBay from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. Wells Fargo & Company increased their price objective on shares of eBay from $66.00 to $84.00 and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Finally, Arete raised shares of eBay from a "sell" rating to a "neutral" rating and set a $91.00 price objective for the company in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $78.89.

Insider Transactions at eBay

In other news, SVP Jordan Douglas Bradle Sweetnam sold 22,206 shares of the firm's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $77.90, for a total transaction of $1,729,847.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jamie Iannone sold 7,221 shares of the firm's stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $92.33, for a total transaction of $666,714.93. Following the sale, the chief executive officer directly owned 246,812 shares in the company, valued at $22,788,151.96. The trade was a 2.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 174,801 shares of company stock valued at $14,763,913 in the last 90 days. 0.64% of the stock is currently owned by company insiders.

eBay Price Performance

Shares of NASDAQ:EBAY opened at $91.29 on Thursday. eBay Inc. has a twelve month low of $56.33 and a twelve month high of $101.15. The company's 50 day moving average is $88.02 and its 200 day moving average is $75.99. 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 company has a market cap of $41.72 billion, a PE ratio of 20.11, a price-to-earnings-growth ratio of 2.24 and a beta of 1.32.

eBay (NASDAQ:EBAY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $2.64 billion. During the same quarter in the prior year, the company earned $1.18 EPS. eBay's quarterly revenue was up 6.1% on a year-over-year basis. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. On average, sell-side analysts forecast that eBay Inc. will post 3.86 EPS for the current year.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, August 29th. eBay's dividend payout ratio is 25.55%.

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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