Freestone Grove Partners LP Purchases New Position in eBay Inc. $EBAY

Key Points

• Freestone Grove Partners initiated a $2.51 million position in eBay during the second quarter, while several other institutions also added shares. Institutional investors and hedge funds now own 87.48% of eBay’s stock.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $117.24. Recent targets range from $115 to $145.
• eBay exceeded quarterly expectations with adjusted EPS of $1.60 and revenue of $3.13 billion, up 14.8% year over year. The company also declared a quarterly dividend of $0.31 per share, representing a 1.2% annualized yield.

Freestone Grove Partners LP purchased a new position in 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 institutional investor purchased 22,487 shares of the e-commerce company's stock, valued at approximately $2,513,000.

Other institutional investors also recently bought and sold shares of the company. Caisse de depot et placement du Quebec purchased a new stake in shares of eBay in the second quarter valued at approximately $45,779,000. Odyssean LLC lifted its position in shares of eBay by 44.4% during the 2nd quarter. Odyssean LLC now owns 7,593 shares of the e-commerce company's stock valued at $849,000 after buying an additional 2,334 shares in the last quarter. Man Group plc purchased a new position in shares of eBay during the 2nd quarter valued at approximately $15,820,000. Roberts Glore & Co. Inc. IL purchased a new position in shares of eBay during the 2nd quarter valued at approximately $832,000. Finally, Jupiter Topco LLC acquired a new stake in eBay in the 2nd quarter valued at $91,338,000. 87.48% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Jordan Douglas Bradle Sweetnam sold 1,014 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $101.39, for a total value of $102,809.46. Following the completion of the sale, the senior vice president owned 35,546 shares of the company's stock, valued at approximately $3,604,008.94. This trade represents a 2.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 1,919 shares of the stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $108.51, for a total value of $208,230.69. Following the completion of the sale, the senior vice president directly owned 32,124 shares of the company's stock, valued at approximately $3,485,775.24. This represents a 5.64% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 37,126 shares of company stock valued at $4,087,886 in the last ninety days. 0.67% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have weighed in on EBAY. Citizens Jmp cut shares of eBay from an "outperform" rating to a "market perform" rating in a research report on Tuesday, August 4th. Truist Financial lifted their target price on shares of eBay from $105.00 to $115.00 and gave the company a "hold" rating in a research report on Thursday, August 6th. Robert W. Baird set a $126.00 target price on shares of eBay in a research note on Thursday, August 6th. Jefferies Financial Group set a $145.00 price target on shares of eBay in a research report on Thursday, August 6th. Finally, 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 note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $117.24.

eBay Trading Up 3.3%

Shares of EBAY opened at $105.62 on Friday. eBay Inc. has a 52-week low of $78.03 and a 52-week high of $119.31. The stock has a market cap of $47.00 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 2.48 and a beta of 1.37. The firm's fifty day moving average is $109.77 and its two-hundred day moving average is $102.87. 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 issued its earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 EPS for the quarter, beating analysts' consensus estimates of $1.50 by $0.10. The business had revenue of $3.13 billion during the quarter, compared to analysts' expectations of $3.01 billion. eBay had a net margin of 18.50% and a return on equity of 47.88%. The company's quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.37 earnings per share. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. Research analysts forecast that eBay Inc. will post 4.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 28th. eBay's dividend payout ratio (DPR) 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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