Goelzer Investment Management Inc. Acquires Shares of 13,451 eBay Inc. $EBAY

Key Points

• Goelzer Investment Management acquired 13,451 eBay shares valued at approximately $1.5 million in the second quarter. Institutional investors collectively own 87.48% of eBay’s outstanding stock.
• eBay reported quarterly earnings of $1.60 per share, beating estimates by $0.10, while revenue rose 14.8% year over year to $3.13 billion. The company declared a quarterly dividend of $0.31 per share, equivalent to a 1.2% annualized yield.
• Analysts maintain a consensus “Hold” rating with an average price target of $117, despite several firms raising their targets. eBay shares opened at $102.31, down 3.5% in the article’s reporting period.

Goelzer Investment Management Inc. 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 and Exchange Commission. The institutional investor acquired 13,451 shares of the e-commerce company's stock, valued at approximately $1,503,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cedar Mountain Advisors LLC lifted its position in eBay by 128.9% during the first quarter. Cedar Mountain Advisors LLC now owns 277 shares of the e-commerce company's stock valued at $25,000 after buying an additional 156 shares during the period. High Point Wealth Management LLC purchased a new stake in shares of eBay during the fourth quarter valued at approximately $26,000. Abound Financial LLC bought a new stake in shares of eBay in the 4th quarter worth $26,000. Cassaday & Co Wealth Management LLC bought a new stake in eBay in the 1st quarter worth about $26,000. Finally, Jessup Wealth Management Inc purchased a new stake in shares of eBay during the 4th quarter valued at about $27,000. Hedge funds and other institutional investors own 87.48% of the company's stock.

eBay Stock Down 3.5%

Shares of NASDAQ:EBAY opened at $102.31 on Thursday. The company has a market cap of $45.53 billion, a price-to-earnings ratio of 21.18, a PEG ratio of 2.55 and a beta of 1.37. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.10. The company has a 50-day moving average price of $110.88 and a 200 day moving average price of $101.92. eBay Inc. has a 12 month low of $78.03 and a 12 month high of $119.31.

eBay (NASDAQ:EBAY - Get Free Report) last released its earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.10. eBay had a return on equity of 47.88% and a net margin of 18.50%.The firm had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the previous year, the company posted $1.37 EPS. The company's revenue for the quarter was up 14.8% compared to the same quarter last year. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. As a group, equities research analysts predict that eBay Inc. will post 4.89 earnings per share for the current year.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.2%. eBay's dividend payout ratio is currently 25.67%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. The Goldman Sachs Group lifted their price target on shares of eBay from $88.00 to $100.00 and gave the stock a "neutral" rating in a research note on Thursday, April 30th. Barclays raised their target price on eBay from $114.00 to $123.00 and gave the stock an "overweight" rating in a research report on Thursday, August 6th. UBS Group boosted their price objective on shares of eBay from $107.00 to $120.00 and gave the company a "neutral" rating in a research report on Tuesday. Morgan Stanley reissued an "overweight" rating and issued a $127.00 target price on shares of eBay in a report on Thursday, August 6th. Finally, Jefferies Financial Group set a $145.00 price target on eBay in a report on Thursday, August 6th. Fourteen investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $117.00.

Insider Buying and Selling at eBay

In other eBay news, CEO Jamie Iannone sold 11,110 shares of the business's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $108.55, for a total value of $1,205,990.50. Following the completion of the sale, the chief executive officer directly owned 253,211 shares of the company's stock, valued at $27,486,054.05. The trade was a 4.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Douglas Bradle Sweetnam sold 1,010 shares of the company's 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 completion of the transaction, the senior vice president owned 32,146 shares in the company, valued at $3,716,399.06. This represents a 3.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 87,122 shares of company stock valued at $9,953,842 in the last quarter. 0.67% of the stock is owned by insiders.

eBay Profile

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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