Gulf International Bank UK Ltd Sells 13,094 Shares of eBay Inc. $EBAY

Key Points

• Gulf International Bank UK Ltd reduced its holdings in eBay by 31.4% in Q1, ending with 28,650 shares valued at approximately $1.94 million.
• Institutional investors currently hold 87.48% of eBay's stock, indicating strong backing from large financial entities.
• eBay recently reported $1.37 EPS for its latest quarter, exceeding forecasts, with quarterly revenue reaching $2.73 billion, a 6.1% year-over-year increase.

Gulf International Bank UK Ltd decreased its holdings in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 31.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,650 shares of the e-commerce company's stock after selling 13,094 shares during the period. Gulf International Bank UK Ltd's holdings in eBay were worth $1,940,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EBAY. Impax Asset Management Group plc boosted its stake in shares of eBay by 2,536.5% during the 1st quarter. Impax Asset Management Group plc now owns 3,535,290 shares of the e-commerce company's stock worth $239,037,000 after acquiring an additional 3,401,198 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of eBay by 12.4% during the fourth quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company's stock valued at $1,765,148,000 after purchasing an additional 3,149,934 shares during the last quarter. Nuveen LLC acquired a new position in shares of eBay in the 1st quarter valued at $202,346,000. Pacer Advisors Inc. raised its holdings in eBay by 5,181.4% during the 1st 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. Finally, Northern Trust Corp raised its stake in eBay by 17.8% during the 4th quarter. Northern Trust Corp now owns 6,809,265 shares of the e-commerce company's stock valued at $421,834,000 after purchasing an additional 1,030,292 shares during the period. 87.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on the stock. Cowen reissued a "hold" rating on shares of eBay in a research report on Tuesday, July 22nd. BMO Capital Markets raised shares of eBay from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $70.00 to $102.00 in a report on Thursday, July 31st. Stifel Nicolaus upped their price target on eBay from $62.00 to $68.00 and gave the company a "hold" rating in a research report on Tuesday, July 29th. Wells Fargo & Company boosted their target price on shares of eBay from $66.00 to $84.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Finally, Robert W. Baird lifted their price target on shares of eBay from $75.00 to $80.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, eBay currently has a consensus rating of "Hold" and a consensus price target of $78.19.

eBay Stock Up 0.6%

Shares of NASDAQ EBAY traded up $0.56 during trading hours on Tuesday, hitting $99.59. The company had a trading volume of 1,084,685 shares, compared to its average volume of 5,607,374. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.05. The firm's 50 day moving average is $81.99 and its 200-day moving average is $73.06. The stock has a market capitalization of $45.51 billion, a P/E ratio of 21.94, a price-to-earnings-growth ratio of 2.43 and a beta of 1.27. eBay Inc. has a 1-year low of $56.33 and a 1-year high of $101.15.

eBay (NASDAQ:EBAY - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.07. eBay had a return on equity of 38.97% and a net margin of 20.86%.The business had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.64 billion. During the same period last year, the firm posted $1.18 EPS. The firm'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. On average, analysts expect that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, August 29th. This represents a $1.16 annualized dividend and a yield of 1.2%. eBay's dividend payout ratio is presently 25.55%.

Insiders Place Their Bets

In other news, SVP Cornelius Boone sold 2,985 shares of eBay stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $78.67, for a total transaction of $234,829.95. Following the sale, the senior vice president directly owned 92,053 shares of the company's stock, valued at approximately $7,241,809.51. This trade represents a 3.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Julie A. Loeger sold 92,895 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $72.06, for a total transaction of $6,694,013.70. Following the completion of the sale, the senior vice president directly owned 123,282 shares in the company, valued at approximately $8,883,700.92. This represents a 42.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 276,104 shares of company stock worth $22,025,676. 0.64% of the stock is currently owned by company insiders.

eBay Company Profile

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.