Gallacher Capital Management LLC Invests $574,000 in eBay Inc. $EBAY

Key Points

• Gallacher Capital Management LLC invested $574,000 in eBay, acquiring 7,707 shares during the second quarter, as reported in their 13F filing.
• eBay's most recent quarterly earnings surpassed expectations, with an EPS of $1.37 against a consensus estimate of $1.30, and revenue of $2.73 billion.
• The company declared a quarterly dividend of $0.29 per share, resulting in an annualized dividend yield of 1.3% and a payout ratio of 25.55%.

Gallacher Capital Management LLC acquired a new position in eBay Inc. (NASDAQ:EBAY - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,707 shares of the e-commerce company's stock, valued at approximately $574,000.

Several other institutional investors have also recently modified their holdings of EBAY. NorthRock Partners LLC purchased a new position in shares of eBay in the fourth quarter worth about $286,000. Nomura Holdings Inc. raised its stake in shares of eBay by 152.6% in the fourth quarter. Nomura Holdings Inc. now owns 15,779 shares of the e-commerce company's stock worth $978,000 after purchasing an additional 45,779 shares during the last quarter. Rafferty Asset Management LLC raised its stake in shares of eBay by 9.9% in the fourth quarter. Rafferty Asset Management LLC now owns 77,736 shares of the e-commerce company's stock worth $4,816,000 after purchasing an additional 7,032 shares during the last quarter. Toronto Dominion Bank raised its stake in shares of eBay by 317.9% in the fourth quarter. Toronto Dominion Bank now owns 904,775 shares of the e-commerce company's stock worth $56,049,000 after purchasing an additional 688,293 shares during the last quarter. Finally, State of Wyoming raised its stake in shares of eBay by 182.1% in the fourth quarter. State of Wyoming now owns 6,401 shares of the e-commerce company's stock worth $397,000 after purchasing an additional 4,132 shares during the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

eBay Stock Down 1.8%

eBay stock opened at $90.80 on Monday. The stock has a market capitalization of $41.50 billion, a PE ratio of 20.00, a price-to-earnings-growth ratio of 2.20 and a beta of 1.32. eBay Inc. has a 12 month low of $56.33 and a 12 month high of $101.15. The business has a 50 day simple moving average of $88.63 and a 200-day simple moving average of $76.43. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.00 and a quick ratio of 1.00.

eBay (NASDAQ:EBAY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The e-commerce company reported $1.37 EPS for the quarter, beating analysts' consensus estimates of $1.30 by $0.07. The business had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.64 billion. eBay had a return on equity of 38.97% and a net margin of 20.86%.The business's revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.18 earnings per share. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. On average, analysts anticipate that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on EBAY shares. Barclays restated an "overweight" rating and issued a $92.00 price objective (up from $77.00) on shares of eBay in a research note on Thursday, July 31st. Cowen reiterated a "hold" rating on shares of eBay in a research report on Tuesday, July 22nd. Bank of America lifted their price target on eBay from $89.00 to $101.00 and gave the company a "neutral" rating in a research report on Monday, August 25th. Cfra Research upgraded eBay to a "moderate buy" rating in a research report on Thursday, June 5th. Finally, Argus reiterated a "hold" rating on shares of eBay in a research report on Thursday, August 14th. One 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 company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $78.89.

Insider Transactions at eBay

In other news, SVP Jordan Douglas Bradle Sweetnam sold 22,206 shares of eBay stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $77.90, for a total value of $1,729,847.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Julie A. Loeger sold 75,952 shares of eBay stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $93.25, for a total value of $7,082,524.00. Following the completion of the sale, the senior vice president directly owned 53,107 shares in the company, valued at $4,952,227.75. This represents a 58.85% decrease in their ownership of the stock. 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 ninety days. Insiders own 0.64% of the company's stock.

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.

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