HighTower Advisors LLC Raises Position in eBay Inc. $EBAY

Key Points

• HighTower Advisors increased its eBay position by 18% in the second quarter, bringing its holdings to 161,803 shares valued at approximately $18.1 million. Institutional investors collectively own 87.48% of eBay’s stock.
• eBay exceeded quarterly expectations, reporting $1.60 in EPS and $3.13 billion in revenue, with revenue up 14.8% year over year. The company also announced a quarterly dividend of $0.31 per share, representing a 1.2% yield.
• Analysts maintain a consensus “Hold” rating, with an average price target of $117.24 versus the reported share price of $104.59. Price targets range from $115 to $145, while insiders sold shares under pre-arranged trading plans in recent months.

HighTower Advisors LLC lifted its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 18.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 161,803 shares of the e-commerce company's stock after buying an additional 24,707 shares during the period. HighTower Advisors LLC's holdings in eBay were worth $18,081,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in EBAY. California State Teachers Retirement System raised its holdings in eBay by 9,904.7% in the 2nd quarter. California State Teachers Retirement System now owns 74,177,974 shares of the e-commerce company's stock worth $8,289,389,000 after acquiring an additional 73,436,541 shares during the last quarter. BlackRock Inc. purchased a new stake in eBay during the 2nd quarter valued at $4,406,897,000. Invesco Ltd. boosted its stake in eBay by 8.3% during the 4th quarter. Invesco Ltd. now owns 9,020,923 shares of the e-commerce company's stock valued at $785,722,000 after purchasing an additional 692,805 shares during the last quarter. Independent Franchise Partners LLP increased its holdings in shares of eBay by 5.2% in the 4th quarter. Independent Franchise Partners LLP now owns 7,748,177 shares of the e-commerce company's stock worth $674,866,000 after purchasing an additional 384,570 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of eBay by 1.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,901,415 shares of the e-commerce company's stock worth $446,042,000 after purchasing an additional 80,450 shares in the last quarter. Institutional investors own 87.48% of the company's stock.

eBay Price Performance

NASDAQ EBAY opened at $104.59 on Wednesday. The business's fifty day moving average price is $109.18 and its 200-day moving average price is $104.08. The stock has a market capitalization of $46.54 billion, a price-to-earnings ratio of 21.65, a PEG ratio of 2.75 and a beta of 1.34. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.02 and a quick ratio of 1.02. eBay Inc. has a 1-year low of $78.03 and a 1-year high of $119.31.

eBay (NASDAQ:EBAY - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The e-commerce company reported $1.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 period last year, the business posted $1.37 EPS. The company's revenue for the quarter was up 14.8% on a year-over-year basis. eBay has set its Q3 2026 guidance at 1.360-1.420 EPS. On average, equities analysts predict that eBay Inc. will post 4.86 earnings per share for the current year.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 28th. eBay's dividend payout ratio (DPR) is presently 25.67%.

Insider Buying and Selling at eBay

In other news, SVP Jordan Sweetnam sold 1,014 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $101.39, for a total value of $102,809.46. Following the transaction, the senior vice president owned 35,546 shares in the company, valued at $3,604,008.94. This represents a 2.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 1,919 shares of the firm's stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $108.51, for a total transaction of $208,230.69. Following the completion of the transaction, the senior vice president directly owned 32,124 shares in the company, valued at approximately $3,485,775.24. The trade was a 5.64% 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. Insiders sold a total of 26,016 shares of company stock worth $2,870,341 in the last three months. 0.67% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on EBAY shares. Robert W. Baird set a $126.00 price target on eBay in a research note on Thursday, August 6th. Jefferies Financial Group set a $145.00 price objective on eBay in a research report on Thursday, August 6th. Weiss Ratings downgraded eBay from a "buy (b+)" rating to a "buy (b)" rating in a report on Tuesday, August 25th. Rothschild & Co Redburn boosted their target price on eBay from $100.00 to $115.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 13th. Finally, Sanford C. Bernstein restated a "market perform" rating and set a $115.00 target price on shares of eBay in a research note on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $117.24.

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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