Fruth Investment Management Invests $208,000 in eBay Inc. $EBAY

Key Points

• Fruth Investment Management has acquired a new stake in eBay Inc., purchasing 3,081 shares valued at approximately $208,000 during the first quarter.
• eBay reported a 6.1% year-over-year revenue increase to $2.73 billion and earned $1.37 per share for the latest quarter, surpassing estimates.
• eBay has declared a quarterly dividend of $0.29 per share, set to be paid on September 12th, representing a 1.3% dividend yield for shareholders.

Fruth Investment Management bought a new position in eBay Inc. (NASDAQ:EBAY - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 3,081 shares of the e-commerce company's stock, valued at approximately $208,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in EBAY. Impax Asset Management Group plc increased its holdings in shares of eBay by 2,536.5% in the first 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 last quarter. Nuveen LLC purchased a new position in shares of eBay during the first quarter worth $202,346,000. Pacer Advisors Inc. boosted its position in shares of eBay by 5,181.4% during the first quarter. Pacer Advisors Inc. now owns 2,196,321 shares of the e-commerce company's stock worth $148,757,000 after buying an additional 2,154,735 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of eBay by 253.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,763,766 shares of the e-commerce company's stock worth $187,191,000 after buying an additional 1,981,011 shares during the period. Finally, Acadian Asset Management LLC raised its stake in shares of eBay by 84.2% in the first quarter. Acadian Asset Management LLC now owns 2,005,141 shares of the e-commerce company's stock valued at $135,773,000 after acquiring an additional 916,596 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company's stock.

Insider Buying and Selling at eBay

In related news, SVP Julie A. Loeger sold 75,952 shares of the company's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $93.25, for a total transaction of $7,082,524.00. Following the completion of the transaction, the senior vice president owned 53,107 shares of the company's stock, valued at approximately $4,952,227.75. This represents a 58.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jamie Iannone sold 7,221 shares of the company'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 transaction, the chief executive officer directly owned 246,812 shares of the company's stock, valued at $22,788,151.96. This trade represents 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 over the last quarter. Corporate insiders own 0.64% of the company's stock.

eBay Price Performance

Shares of NASDAQ EBAY traded down $0.44 on Monday, hitting $90.36. The company's stock had a trading volume of 4,002,581 shares, compared to its average volume of 5,618,713. eBay Inc. has a 12-month low of $56.33 and a 12-month high of $101.15. The company has a market capitalization of $41.29 billion, a price-to-earnings ratio of 19.90, 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 current ratio of 1.00 and a quick ratio of 1.00. The stock has a 50 day moving average of $88.92 and a 200-day moving average of $76.61.

eBay (NASDAQ:EBAY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share (EPS) for the quarter, beating 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 firm earned $1.18 earnings per share. The company's revenue for the quarter 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, research analysts predict that eBay Inc. will post 3.86 EPS for the current year.

eBay Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on EBAY shares. Wells Fargo & Company raised their price objective on shares of eBay from $66.00 to $84.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of eBay from $75.00 to $90.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Arete Research raised shares of eBay from a "strong sell" rating to a "hold" rating in a report on Thursday, August 7th. Stifel Nicolaus raised their target price on shares of eBay from $62.00 to $68.00 and gave the stock a "hold" rating in a research note on Tuesday, July 29th. Finally, Piper Sandler boosted their price target on shares of eBay from $74.00 to $95.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twenty have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $78.89.

About eBay

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.