Geode Capital Management LLC Buys 29,506 Shares of eBay Inc. $EBAY

Key Points

• Geode Capital Management slightly increased its eBay stake in the fourth quarter, buying 29,506 additional shares and bringing its holdings to 12.44 million shares, worth about $1.08 billion. The firm now owns roughly 2.75% of eBay.
• Insider selling has continued at eBay, with senior vice presidents Cornelius Boone and Jordan Douglas Bradle Sweetnam both selling shares in recent months. Over the last 90 days, insiders sold 136,953 shares worth about $14.1 million.
• eBay reported better-than-expected Q1 earnings and revenue, with EPS of $1.66 versus estimates of $1.58 and revenue rising 19.5% year over year to $3.09 billion. The company also announced a quarterly dividend of $0.31 per share and maintained a Hold consensus from analysts.

Geode Capital Management LLC raised its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 0.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,440,582 shares of the e-commerce company's stock after purchasing an additional 29,506 shares during the period. Geode Capital Management LLC owned approximately 2.75% of eBay worth $1,079,552,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Allianz Asset Management GmbH boosted its holdings in eBay by 10.9% in the 3rd quarter. Allianz Asset Management GmbH now owns 2,459,405 shares of the e-commerce company's stock valued at $223,683,000 after purchasing an additional 242,168 shares during the period. Independent Advisor Alliance boosted its holdings in eBay by 407.8% in the 3rd quarter. Independent Advisor Alliance now owns 26,469 shares of the e-commerce company's stock valued at $2,407,000 after purchasing an additional 21,257 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in eBay by 30.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 181,787 shares of the e-commerce company's stock valued at $16,534,000 after purchasing an additional 42,048 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in eBay by 4.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,931,042 shares of the e-commerce company's stock valued at $255,294,000 after purchasing an additional 113,553 shares during the period. Finally, Allworth Financial LP boosted its holdings in eBay by 62.6% in the 4th quarter. Allworth Financial LP now owns 23,108 shares of the e-commerce company's stock valued at $2,013,000 after purchasing an additional 8,899 shares during the period. 87.48% of the stock is owned by institutional investors.

Insider Activity

In related news, SVP Cornelius Boone sold 16,685 shares of the stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $92.44, for a total transaction of $1,542,361.40. Following the completion of the sale, the senior vice president owned 94,479 shares in the company, valued at $8,733,638.76. This trade represents a 15.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Jordan Douglas Bradle Sweetnam sold 1,010 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $115.61, for a total transaction of $116,766.10. Following the sale, the senior vice president owned 32,146 shares of the company's stock, valued at $3,716,399.06. This trade represents a 3.05% 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. Over the last 90 days, insiders have sold 136,953 shares of company stock worth $14,139,444. Company insiders own 0.64% of the company's stock.

Key Headlines Impacting eBay

Here are the key news stories impacting eBay this week:

• Positive Sentiment: Investor interest remains supported by eBay’s recent earnings beat and solid revenue growth, with the company posting better-than-expected Q1 results and giving Q2 guidance that suggests continued profitability. eBay (EBAY) Up 8.4% Since Last Earnings Report: Can It Continue?
• Positive Sentiment: GameStop’s increased stake and continued takeover-related attention have kept eBay in the spotlight, which can support the share price if investors believe a higher bid or strategic outcome remains possible. GameStop Raises eBay Stake in Takeover Fight
• Neutral Sentiment: Market commentary around eBay’s governance and activism story has kept the stock in focus, but the forum discussion appears more informational than a direct operational catalyst. Highlights: GameStop & eBay – Activism: Governance from Investor & Board Perspectives
• Neutral Sentiment: Analysts still see eBay as a “Hold” overall, with some price targets above current levels but little consensus for a major re-rating yet. eBay Inc. NASDAQ: EBAY Given Consensus Rating of "Hold" by Brokerages
• Negative Sentiment: The stock is under pressure from its ex-dividend date, which often causes a mechanical price reset and can weigh on near-term trading. eBay shares fall as stock trades ex-dividend and GameStop-bid premium continues to unwind
• Negative Sentiment: Insider selling, including a recent sale by SVP Mazen Rawashdeh, may be adding to investor caution even though the transaction was made under a pre-arranged trading plan. SEC Form 4 filing

eBay Trading Down 2.6%

Shares of EBAY stock opened at $109.27 on Friday. The stock has a market cap of $48.52 billion, a price-to-earnings ratio of 24.78, a P/E/G ratio of 2.49 and a beta of 1.39. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a fifty day moving average of $102.64 and a 200-day moving average of $92.64. eBay Inc. has a 52-week low of $72.12 and a 52-week high of $119.31.

eBay (NASDAQ:EBAY - Get Free Report) last announced its earnings results on Wednesday, April 29th. The e-commerce company reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.58 by $0.08. The business had revenue of $3.09 billion during the quarter, compared to analysts' expectations of $3.04 billion. eBay had a net margin of 17.58% and a return on equity of 46.11%. The firm's revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter last year, the company posted $1.38 EPS. eBay has set its Q2 2026 guidance at 1.090-1.140 EPS. On average, equities research analysts forecast that eBay Inc. will post 4.83 earnings per share for the current fiscal year.

eBay Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be given a dividend of $0.31 per share. The ex-dividend date is Friday, May 29th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.1%. eBay's dividend payout ratio (DPR) is 28.12%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Rothschild & Co Redburn increased their price objective on shares of eBay from $100.00 to $115.00 and gave the company a "neutral" rating in a research note on Wednesday, May 13th. Bank of America increased their price objective on shares of eBay from $102.00 to $110.00 and gave the company a "neutral" rating in a research note on Tuesday, April 21st. Susquehanna increased their price objective on shares of eBay from $95.00 to $110.00 and gave the company a "neutral" rating in a research note on Friday, May 1st. Truist Financial increased their price objective on shares of eBay from $94.00 to $105.00 and gave the company a "hold" rating in a research note on Monday, May 4th. Finally, Piper Sandler restated an "overweight" rating and issued a $115.00 price objective (up from $105.00) on shares of eBay in a research note on Thursday, April 30th. Thirteen equities research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $107.84.

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.

Want to see what other hedge funds are holding EBAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eBay Inc. (NASDAQ:EBAY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.